Amir Nasser, CEO of Saudi Aramco, officially known as Saudi Arabian Oil Company, said this week that crude oil demand is expected to improve in just a few short months. “Current demand in the market is about 94m bbl/day, our expectation by next year will be about 99m bbl/day,” Nasser said, adding that there was a good case for oil demand optimism going forward, according to oilprice.com. Nasser said that China, East Asia, and India are likely to contribute most to the demand rebound. On Thursday, OPEC+, a group of major producers led by Saudi Arabia and Russia, agreed to keep crude oil production steady in April, dashing hopes for a curb for an output cut in the wake of signs of global economic recovery and oil rally. Brent oil clocked a 14-month high of $67.74 per barrel early Friday, taking the year-to-date gain to 30%. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next The Graph Price Prediction: GRT eyes a 40% drop due to major S/R flip FX Street 1 year Amir Nasser, CEO of Saudi Aramco, officially known as Saudi Arabian Oil Company, said this week that crude oil demand is expected to improve in just a few short months. "Current demand in the market is about 94m bbl/day, our expectation by next year will be about 99m bbl/day," Nasser said, adding that there was a good case for oil demand optimism going forward, according to oilprice.com. Nasser said that China, East Asia, and India are likely to contribute most to the demand rebound. On Thursday, OPEC+, a group of major producers led by Saudi Arabia and Russia,… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
