‘World should be worried’ by lack of spare oil output capacity: Aramco CEO

Spare global oil production capacity is running thin and the world should be “worried” about the impact of a rebound in demand when China winds down its zero-COVID policy and aviation demand fully recovers, Saudi Aramco’s CEO Amin Nasser said Oct. 4. Despite growing fears of a global recession, world oil demand could rebound sharply in China while jet fuel…