Aramco CEO Nasser: OPEC deal has accelerated rebalancing and market is improving

The CEO of the Saudi Arabian state-oil company Aramco, Amin Nasser, told FT reporters on Thursday that switching oil for cleaner fuels will be a “long and complex” transition meaning demand for crude to meet the world’s growing energy needs will remain robust.

Mr. Nasser sounded optimistic on the OPEC output cut agreement, saying that the OPEC deal has accelerated rebalancing and market is improving.