Aramco CEO sees oil demand picking up as lockdowns ease

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

Reuters August 10, 2020 00:06:01 IST
Aramco CEO sees oil demand picking up as lockdowns ease

Aramco CEO sees oil demand picking up as lockdowns ease

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)

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