Energy

Aramco chief adds to bullish calls for an oil demand rebound in late 2020

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Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.

Hamad Mohammed | Reuters

Saudi Aramco Chief Executive Amin Nasser is confident oil demand will continue to rebound in the second half of the year, as coronavirus-related lockdowns slowly ease. 

“The worst is behind us,” Nasser told IHS Markit Vice Chairman Dan Yergin at a CERAWeek Conversations event held online on Tuesday.

“I’m very optimistic about the second half of this year,” he added, pointing to data in China that shows both gasoline and diesel demand had started to stabilize near pre-Covid levels. IHS Markit had previously…



Source cnbc.com

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