Saudi Aramco Warns of Potential Oil Supply Crunch
Saudi Aramco and OPEC warn that underinvestment and a lack of exploration in the oil industry could lead to a significant global supply crunch as demand continues to rise through 2050.
“We had a decade . . . where people didn’t explore. It’s going to have an impact,”
according to Amin Nasser, the chief executive of the Saudi state oil giant Aramco.
- Russia’s refinery outages and fuel shortages.
- Turkey’s rapid investment in solar energy.
Tsvetana, a writer for Oilprice.com, reports on the oil industry with over a decade of experience.
Autor: Underinvestment threatens oil supply.