Forecasts of a massive oil glut are seriously exaggerated as demand keeps rising and global stocks are below the five-year average, according to Saudi Aramco’s chief executive officer, Amin ?Nasser. “Oil glut predictions are seriously exaggerated,” Nasser said on the sidelines of the World Economic Forum in Davos, Switzerland, as carried by Reuters. Global oil stocks are low, while the amassed barrels in floating storage on tankers are mostly sanctioned supplies, the CEO of the world’s biggest oil firm and top crude…