As international crude oil prices continue to rise and demand outlooks are drawing attention, the CEO of Saudi Aramco, one of the world's leading oil companies, said energy demand will be strong for the time being.
Saudi Arabia's state-owned oil company "Saudi Aramco" announced its financial results from July to September on the 31st.
According to that, the final profit was 30.4 billion dollars, which was about 3.5 trillion yen in Japanese yen.
This was a clear recovery in earnings, an increase of $ 18.6 billion, or about 2.6 times, compared to the same period last year when economic activity was stagnant due to the effects of the new coronavirus.
Saudi Aramco CEO Nacelle explains why the significant increase was "a result of increased economic activity in key markets and a recovery in energy demand."
He added that the outlook for energy demand was "I am optimistic that energy demand will be healthy for the time being, although there are some headwinds due to supply chain disruptions," and said that energy demand will be strong for the time being.
As the world economy recovers, international crude oil prices have continued to rise recently, and it is being watched whether major oil-producing countries such as Saudi Arabia and Russia will make significant increases in production against the backdrop of strong demand.