Aramco: Market Pressure to Rise Until Hormuz Reopens
6 Articles
6 Articles
The CEO of Aramco warned of the gravity of the pressures on the world's oil supply, noting the decline in commercial stocks and the rise in the price of refined fuel.
Saudi Aramco CEO Amin Nasser warned that the global oil supply squeeze has reached critical levels. He stated that commercial onshore stocks have fallen below 6 billion barrels, and that it could take up to two years to bring them back to sufficient levels.
US-Israel-Iran War Latest Live News: ‘Squeeze on Crude Oil is Serious,’ Warns Saudi Aramco CEO Amin Nasser, Until Strait of Hormuz is Fully Reopened, Pressure Across Energy Chain Will Only Intensify
On October 12, 2026, Saudi Aramco President and CEO Amin Nasser reiterated that the global crude oil market squeeze remains serious.
Amin Nasser, CEO of Saudi Aramco, made assessments of crude oil supply and inventory levels in the global energy market. Nasser said that the sharp rise in the prices of refined petroleum products has been experienced in the energy sector...
As supply shortages deepen in global oil markets, a warning of global concern has come from Saudi oil giant Aramco. Aramco CEO Amin Hassan Nasser stated that oil stocks have fallen to critical levels and drew attention to the uncertainty in the Strait of Hormuz. Saying that pressure on energy markets could increase, Nasser gave a two-year deadline to replenish stocks.
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