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Aramco CEO Amin Nasser warned that global crude oil supply pressures will intensify unless the Strait of Hormuz fully reopens. He said commercial oil inventories have fallen below six billion barrels, with most stocks not readily available, and rebuilding inventories while meeting demand could take up to two years.…
TEHRAN (Tasnim) – Saudi Aramco CEO Amin Nasser warned that the global oil supply squeeze will worsen unless the Strait of Hormuz is fully reopened.
Rebuilding depleted oil inventories could take up to two years, according to Amin H Nasser