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Oil market turmoil could last for years, executives say

Amin Nasser said replenishing inventories could require an extra 2 million barrels a day for 18 months as 3 billion barrels of supply were lost.

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Oil market turmoil could last for years, executives say

·London, United Kingdom
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The world will have to share the burden of the cost of the war with Iran and the damaged infrastructure, the heads of two of the largest oil producers in the Middle East have warned. The conflict has caused massive damage to oil pipelines, refineries, gas plants and dozens of tankers, piling up a bill for new investments that has reached tens of billions of dollars. Amin Nasser – CEO […]

Oil industry executives warned about the possibility of continued volatility in the oil market in the coming years.

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Reuters broke the news in London, United Kingdom on Monday, October 5, 2026.
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