“Global consumption of coal is expected to rise this year to about 8 billion tonnes.

This would take it back to the record level of nearly a decade ago. Meanwhile, oil inventories are low, and effective global spare capacity is now about one and a half percent of global demand.”

Remarks by CEO Amin H. Nasser at Schlumberger Digital Forum 2022 | Aramco

via Real Climate Science

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September 26, 2022