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Saudi Aramco's Spare Capacity at 3m b/d

OIL

Saudi Aramco’s CEO Amin Nasser said that global oil demand for H2 2023 is likely to be 103m b/d while the company's spare capacity is 3m b/d, according to Nasdaq.

  • Nasser, speaking at the Energy Intelligence Forum in London, added that Aramco could boost its production within a few weeks if global demand continued to rise.

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