Saudi Aramco’s CEO Nasser: Oil demand recovery picking up as lockdowns ease

Dhwani Mehta FXStreet

State oil giant Saudi Aramco’s Chief Executive Officer (CEO) Amin Nasser said on Sunday, oil demand recovery is picking up pace in Asia as economies gradually open up after the easing of coronavirus lockdowns.

Key quotes

“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).”

“As countries ease the lockdown, we expect the demand to increase.”

His comments come after the company reported a 73.4% fall in second-quarter net profit.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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