RIYADH: In a media briefing following Saudi Aramco’s 2021 financial results, CEO Amin Nasser was very optimistic on the demand outlook but seemed worried over the market fundamentals due to the Russia-Ukraine crisis. Below are the key takeaways from the discussion with the CEO: There are 8.5 million barrels of crude and products at risk from the situation caused due to the conflict between Russia and Ukraine. The global spare capacity available today is around 2 million barrels per day, and this is not significant to deal with the current geopolitical tension and what’s happening in the market. Until now, the demand outlook remains healthy as the global economy is recovering from COVID-19. Supply outlook, however, is not as good as demand. If the aviation sector picks up and goes back to the pre-pandemic level, there are more than 2 million barrels today that are off the market and must be added back.