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Aramco executive says oil demand could see additional upside if tariff disputes are resolved
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Aramco executive says oil demand could see additional upside if tariff disputes are resolved
May 26, 2025 5:55 AM

DUBAI, May 12 (Reuters) - 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.

"We expect demand will continue to be steady and growing

compared to 2024, and if the whole issue around tariffs is

resolved... that also will add to additional demand that will be

seen from the market," a top executive said in a post-earnings

conference call on Monday.

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

financial markets.

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