CALGARY, Alberta, Sept 18 (Reuters) - The CEOs of top Saudi Arabian and U.S. oil producers Aramco (2222.SE) and Exxon Mobil (XOM.N) on Monday pushed back against forecasts that oil demand will peak, and said the transition to cleaner energy to fight climate change would require continuing investment in conventional oil and gas.
Speaking at the World Petroleum Congress in Calgary, Aramco CEO Amin Nasser said talk of peak oil demand had come up often before.
Current demand is around 100 million bpd.
The Organization of the Petroleum Exporting Countries, which has also dismissed the IEA peak oil estimate, is more upbeat about demand, expecting growth of 2.44 million bpd this year to 102.1 million bpd, compared with the IEA's forecast of 2.2 million bpd of growth.
This year's conference theme is the energy transition.
Persons:
Amin Nasser, Nasser, Prince Abdulaziz bin Salman, Prince Abdulaziz, Julia Levin, Darren Woods, Woods, Nia Williams, Rod Nickel, Christina Fincher, Marguerita Choy
Organizations:
Saudi Arabian, Aramco, Exxon Mobil, Monday, International Energy Agency, World Petroleum Congress, of, Petroleum, Congress, Saudi Arabia's Energy, IEA, Environmental Defence, Exxon, Thomson
Locations:
CALGARY, Alberta, Saudi, U.S, Calgary, Environmental Defence Canada