A key theme of Saudi Aramco CEO Amin Nasser on his firm’s 15 August Q2 earnings call was that “ongoing investment in our industry is essential — both to help ensure markets remain well supplied and to facilitate an orderly energy transition.”

“In the mid-to-long term we are confident of demand growth” whilst on the supply side “There is limited spare capacity due to industry under-investment. That will continue to be with us because I don’t see anything in terms of mega- giga-projects coming [online].” (CONTINUED - 276 WORDS)