Saudi oil executive says global oil demand could increase if tariff disputes are resolved

Saudi oil executive says global oil demand could increase if tariff disputes are resolved

Oil prices rose slightly on Monday morning markets following news that the U.S. and China have reached a temporary deal to slash massive import tariffs on each other.

Saudi oil executive says global oil demand could increase if tariff disputes are resolved #CDNNews #Canadian #Economy #Canada #CanadaLife

Saudi oil giant Aramco, a longtime cash cow for the kingdom, expects oil demand to remain resilient this year and sees further upside if the U.S. and China successfully resolve their trade dispute. Washington and Beijing agreed to temporarily slash reciprocal tariffs earlier on Monday, in a deal that surpassed expectations as the world’s two biggest economies seek to end a damaging trade war that has stoked fears of recession and roiled financia…

Aramco executive says oil demand could see additional upside if tariff disputes are resolved

"We expect demand will continue to be steady and growing compared to 2024t" a top executive said in a post-earnings conference call on Monday