The worst of the shock to oil markets and economies stemming from the COVID-19 pandemic is already behind us, the top executive of one of the largest commercial banks in Qatar told Bloomberg TV in an interview on Wednesday as the Middle East countries are reeling from the double shock of the coronavirus and oil price collapse on their economies.

“We look forward to reset the button as and when the world reaches normalcy,” Raghavan Seetharaman, chief executive officer at Doha Bank QPSC, told Bloomberg TV.

At the end of last month, Amin Nasser, president and CEO of the world’s biggest oil company, Saudi Aramco, said that the worst in the oil market was over, adding that he as “very optimistic” for the second half of this year.

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Source: Oil Price