Saudi Aramco, ExxonMobil CEOs Play Down Peaking Demand Forecasts; Oil Hits $100 In Some Markets

This post was originally published on Forbes Middle East

The CEOs of oil behemoths Saudi Aramco and ExxonMobil have pushed back against forecasts suggesting that oil demand would peak in the next few years, while certain grades of crude oil traded Monday above $100, underscoring the expectation of tight supply.