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Saudi Aramco CEO sees oil demand picking up as Covid-19 lockdowns ease

Saudi Aramco's Chief Executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns.

saudi aramco, Oil, crude, petrol

Reuters DUBAI

DUBAI (Reuters) - Saudi Aramco's Chief Executive Amin Nasser said on Sunday that he sees oil demand recovering in Asia as economies gradually open up after the easing of coronavirus lockdowns.

"Look at China, their gasoline and diesel demand is almost at pre-COVID 19 levels. We are seeing that Asia is picking up and other markets (too)," he told reporters on a conference call after Aramco reported results. "As countries ease the lockdown, we expect the demand to increase"

 

(Reporting by Rania El Gamal. Editing by Jane Merriman)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Aug 09 2020 | 3:46 PM IST

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