Saudi Aramco Sees Good Signs Oil Demand’s Rising as Shares Hit Record
- Shares rise to all-time peak after Nasser’s positive comments
- CEO says oil demand continues to rebound from the pandemic
Saudi Aramco shares rose as much as 6% on Monday.
Photographer: Maya Sidiqqui/BloombergThis article is for subscribers only.
Saudi Aramco shares rose to a record as its chief executive officer said oil demand continues to rebound from the coronavirus pandemic, including in the company’s main market of Asia.
“With the global recovery we’re seeing today, there is more demand for products and we see that from different enclaves, especially in Asia,” CEO Amin Nasser said during a speech in Riyadh, Saudi Arabia’s capital. “There’s some pick up in the rest of the world.”