_1777294237270_124456903.png&w=64&q=75){kind=small}
Saudi Aramco CEO warns of oil stock shortage
The CEO of Saudi Aramco, Amin Nasser, warned that global oil inventories have become "alarming," due to the conflict in the Middle East, which has resulted in a loss of about 3 billion barrels of oil supplies over seven months—equivalent to half of the expected flow through the Strait of Hormuz during that period. He pointed out that rebuilding these inventories could take up to two years, with remaining global commercial stocks falling below 6 billion barrels, most of which are not immediately available for use. These remarks come amid ongoing pressure on the oil market and increasing risks, as the use of advanced technologies for monitoring infrastructure and transportation continues to rise, while market options for compensating for supply shortages are diminishing.
Notice: This Is an AI-Generated Summary
Comments (0)