Aramco stands to benefit from post-war surge in oil demand, CFO says

RIYADH: Saudi Aramco stands to benefit from a post-war surge in oil demand as buyers rebuild depleted inventories once the conflict ends, Executive Vice President and Chief Financial Officer Ziad Al-Murshed said. Demand is likely to rise because of the “urgent need” to replenish inventories drawn down due to supply disruptions through the Strait of Hormuz, Al-Murshed told Asharq Bloomberg after the company’s second-quarter earnings beat estimates.

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