Oil demand expected to reach pre-pandemic levels despite Omicron fears: Aramco CEO

Nasser’s remarks came during a ceremony in Dhahran to kickoff development of the unconventional gas field Jafurah

  
The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. Image used for illustrative purpose.

The chimneys of the Total Grandpuits oil refinery are seen just after sunset, southeast of Paris, France, March 1, 2021. Image used for illustrative purpose.

REUTERS/Christian Hartmann
Dhahran: Aramco’s CEO is optimistic about oil demand growth next year despite fears over the new COVID-19 variant omicron.

Oil demand will be over 100 million barrels per day in 2022, reaching pre-COVID19 levels, Amin Nasser told Arab News during a media briefing at the company's headquarter today.

On COVID-19’s new strain, he said that “the markets overreacted,” adding that the impact of omicron on demand cannot be measured without a full medical assessment.

Nasser’s remarks came during a ceremony in Dhahran to kickoff development of the unconventional gas field Jafurah.

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