Saudi Aramco Sees Oil Demand Rising by 1.6 Million Bpd in Second Half of 2024

Global oil demand is expected to rise by between 1.6 million and 2 million barrels per day (bpd) in the second half of the year, Saudi Aramco’s chief executive Amin Nasser said on Tuesday, noting that the past week’s selloff in oil doesn’t reflect fundamentals. Aramco sees total global oil demand at 104.7 million bpd for the full-year 2024, the top executive of the world’s largest oil company said on the second-quarter earnings call. Some analysts expect global oil demand to rise to above 106 million bpd in the second half…