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Al-Naaser: Aramco can supply 12M barrels quickly
Amin Nasser, CEO of Saudi Aramco, announced that the company is capable of providing 12 million barrels of oil within a few days to meet all customer requirements, without the need to resort to strategic reserves so far. He confirmed that pressure on oil markets will continue until the Strait of Hormuz is reopened, noting that it may take about two years to refill the global stocks that have been drawn down. He warned that a supply shortage of oil could worsen if shipping restrictions and supply chain disruptions continue, emphasizing that it will take a long time to restore confidence and rebuild inventories.
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