Aramco CEO says OPEC+ supply decision will positively impact company
ReutersMar 4, 2025 8:06 AM
DUBAI, March 4 (Reuters) - Saudi Arabia's state oil giant Aramco will benefit from Monday's decision by OPEC+ to proceed with a planned April oil output hike, it's chief executive said on Tuesday.
The market is cyclical and the upside is with Saudi Aramco as it is sitting on 3 million barrels of spare capacity "that can be activated in a matter of weeks to the market when needed," Amin Nasser said on a call shortly after the company released its 2024 results.
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