Amin Nasser

“We created a system where it allows us to increase margin by looking at columns and maximising the yield out of a column - you can make the decisions in minutes and seconds now [to] change the yield,”

“If OPEC+ further unwinds cuts, spare capacity will fall even further [than the current 2.5 percent], and we will need to watch this very carefully.”

“Last year I talked about 400 use cases that we came up with in Saudi Aramco; this year, we're talking about 500 use cases. A hundred use cases went from the pilots to actual deployments. We measured our progress in terms of what we call technology-realized-value every year. We used to have like $200 million to $300 million in previous years, in terms of technology-realized-value. In '23 and '24 we achieved $6 billion, 50% of that is AI related. For '25 - we should publish our numbers next month ”

“Oil glut predictions are seriously exaggerated... Oil stocks are low across the world on a five-year average and barrels offshore are mostly sanctioned barrels,”

“played down the outlook that there is an oil glut”

“Demand growth remains strong in emerging economies followed by China and the United States with total demand reaching record levels last year and rising again this year”