Logo ofSaudi Aramco
The current oil supply crisis reveals underinvestment in oil refining, even as demand remains strong, said Musaab Almulla, VP of Energy Economic Insights in Strategy Marketing Analysis at Saudi Aramco. 
Speaking at the Middle East Oil and Gas Conference, organized by SP Global in London, Almulla said global refining capacity lost around three million barrels per day between 2020 and 2023, Reuters reported.
He added that retaining those refineries could have helped mitigate the impact of the current supply crisis.
Logo ofSaudi Aramco
The current oil supply crisis reveals underinvestment in oil refining, even as demand remains strong, said Musaab Almulla, VP of Energy Economic Insights in Strategy Marketing Analysis at Saudi Aramco.
Speaking at the Middle East Oil and Gas Conference, organized by SP Global in London, Almulla said global refining capacity lost around three million barrels per day between 2020 and 2023, Reuters reported.
He added that retaining those refineries could have helped mitigate the impact of the current supply crisis.
