Aramco CEO warns of global oil crunch due to lack of investment

"The world is running with less than 2% of spare capacity. Before COVID the aviation industry was consuming 2.5 million bpd more than today. If the aviation industry picks up speed, you are going to have a major problem," Nasser told Reuters on the sidelines of the World Economic Forum in Davos.

from Energy-Industry-Economic Times https://ift.tt/UjDNZHq