Insight - Aramco sees Asian oil demand recovering. But is it?

Tough time: Employees of a petrol station wait for customers in Kolkata. Asia is the key market for Saudi crude, but while there are some signs demand is past its lowest point, it is also likely that it is well short of pre-coronavirus levels, with the exception of China. — AFP

SAUDI Aramco sees a recovery in global oil demand, a view that would justify the paltry reduction in the price the world’s biggest crude exporter will charge refiners in Asia for cargoes loading in September.

Customers probably have a different view.