Saudi oil export demand to rise ‘in coming months’

Demand for Saudi crude is likely to rise over the next few months, Saudi oil minister Ali Al-Naimi told Reuters on Monday, in a sign the world's largest oil exporter sees a recovery of demand in Asia, its biggest export market.

State-run Saudi Aramco cut production sharply in the fourth quarter of last year because of weak economic growth abroad and lower consumption in cooler weather at home.

It kept output steady at around 9.05-9.15 million barrels per day (bpd) in January and February, but industry sources said in February that exports could rebound in the second quarter, driven by demand growth in Asia.

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