Saudi Aramco expects global demand for crude to climb steadily on the strength of booming emerging markets, and is ready to boost production as soon the market warrants.
In an interview Sunday, Khalid al-Falih said the world’s largest oil producer is increasing its focus on the rising markets of China and India, but not at the expense of North America, where it expects to remain a secure and valued supplier.
The Texas-educated engineer has been at the helm of Saudi Aramco, the Kingdom of Saudi Arabia’s state-owned oil company, for nearly two years. He was in Montreal for the World Energy Congress, a meeting of global energy executives and politicians.
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