Market Analytics and Considerations-Trader ALERT
Key notes
Saudi Aramco, the world’s largest petroleum producer, claims that the global oil marketplace is still tight. And it is not encouraging for a globe that is still largely reliant on oil.
Amin Nasser, CEO of Saudi Aramco, stated at a recent conference in London that the spare capacity now available is “very minimal.” You will lose this excess capacity if China opens the door, the economy starts to grow, or the aviation industry starts to want more jet fuel.
Nasser issues an alert on a potential sudden increase in oil prices.
The entire globe should be concerned when you reduce that reserve capacity. No room will be left for any glitches, disruptions, or unanticipated happenings anywhere else in the planet.
