The head of Saudi Aramco said on Monday, August 10, he was optimistic that the global demand for oil was growing as the worst of the coronavirus pandemic"might be behind us."
"While it remains unclear how long the current wave of uncertainty will continue, we see growing evidence that the worst of the crisis might be behind us," Nasser said. Aramco's net profit in the first 6 months of the year also plunged 50% to $23.2 billion compared to $46.9 billion in the corresponding period of last year.
But he insisted that the company will go ahead with plans to raise its maximum sustained capacity to 13 million bpd from 12 million bpd currently.
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