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.