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Exxon CEO Refers to Global Oil Demand as "Very Healthy"

OIL

Global oil demand is “very healthy” according to ExxonMobil’s CEO Darren Woods in an interview with CNBC.

  • “Even with some of the challenges we are seeing around the world with global economies, demand for petroleum products, gasoline, diesel……is still very healthy.” Woods said.
  • “Margins we are seeing in our refining business are much higher than they have traditionally been because of that extra demand” he added.
  • “If economies around the world start to pick up [further], I think we will see a very tight supply/demand balance” he said.
  • “We are seeing really high [oil product] demand in places like India, China has got really healthy demand” Woods said.
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