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Saudi Arabia’s Al-Naimi Sees Demand Holding Strong in Asia

Saudi Arabian Oil Minister Ali al-Naimi said demand for crude will hold strong from Asian buyers as the U.S. produces more of its own fuel.

“The expectations of energy demand and growth are still positive,” al-Naimi said today in a speech in Doha, Qatar, carried by official Saudi Press Agency. “I was in Hong Kong recently and I felt optimism towards the future growth of the region.”