Saudi Aramco’s President and CEO, Amin Nasser
Saudi Aramco’s President and CEO, Amin Nasser, said global oil demand increased by one million barrels per day (bpd), reaching 104.8 million bpd in 2024, with expectations for continued growth in 2025, particularly driven by rising demand in Asian markets, which account for 60% of global growth. 
The company has a surplus production capacity of three million bpd, which can be activated quickly and at a limited cost.
Aramco’s capital expenditure (CAPEX) will range between $52 billion and $58 billion in 2025, he added in an investor call.
Saudi Aramco’s President and CEO, Amin Nasser
Saudi Aramco’s President and CEO, Amin Nasser, said global oil demand increased by one million barrels per day (bpd), reaching 104.8 million bpd in 2024, with expectations for continued growth in 2025, particularly driven by rising demand in Asian markets, which account for 60% of global growth.
The company has a surplus production capacity of three million bpd, which can be activated quickly and at a limited cost.
Aramco’s capital expenditure (CAPEX) will range between $52 billion and $58 billion in 2025, he added in an investor call.
