Aramco chief blames recessionary signals for low oil price, says ‘optimistic’ about future of demand

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Saudi giant Aramco’s chief executive has attributed the ongoing depression of oil prices to recessionary fears and economic headwinds, painting a more optimistic landscape for demand to come.
“This is in a year where there [are] economic headwinds, where there [are] recessionary signs everywhere … China’s still picking up,” Aramco’s Amin Nasser said on Wednesday.
He did not specify a timeline for this demand recovery.

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