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Context from Wikipedia on the organisations, people and places in this story.
Saudi Arabian state-owned petroleum and oil-trade company
Saudi Aramco, officially the Saudi Arabian Oil Company, is a majority state-owned petroleum and natural gas company, and the national oil company of Saudi Arabia. As of 2024, it is the fourth-largest company in the world by revenue and is headquartered in Dhahran. Saudi Aramco has both the world's largest proven crude oil reserves, at more than 270 billion barrels, and largest daily oil production of all oil-producing companies.
More on Wikipedia ↗Saudi Aramco CEO Amin Nasser warned that global oil stockpiles have become “scarily thin,” leaving markets increasingly exposed as Strait of Hormuz disruptions persist.
Saudi Aramco CEO warns global markets are under strain despite planned release of emergency stockpiles
LONDON: Global oil stockpiles are “scarily thin” owing to the US-Iran war, Saudi Aramco’s chief executive Amin Nasser said Monday, days after G7 nations a...