Oil demand will remain strong without being affected by US-China trade tensions, said Khalid Al-Falih, Saudi Arabian Oil Minister, Reuters reported.

“The fundamentals of oil demand are sufficiently strong, and the oil market will not be impacted. On the supply side, we are vigilant to take appropriate response if there is an impact on demand,” Al-Falih noted.

Global economy is strong as well, and if it faces any obstacles it will not last for a long time, Al-Falih further pointed out.