Saudi Aramco CFO Al-Murshed says the company has a reserves base of about 250bln barrels of oil equivalent, around five times the combined reserves of international oil majors
Context
Saudi Aramco's announcement regarding its substantial reserves, approximately five times those of international oil majors, underscores its dominant position in the oil sector. This revelation may further reinforce investor confidence in Aramco and potentially influence WTI prices by highlighting the company's robust supply capacity amid ongoing global energy demand fluctuations.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#IMPORTANT#ENERGY#EU SESSION#US SESSION#WTI#COMMODITIES#ENERGY & POWER