Story preview
Continue reading on the publisher site for the full article.
Read on publisher →Nairametrics
News Atlas is free and independent. If it’s useful to you, you can support it with a coffee. ☕ Buy me a coffee
Coverage
Tone
Outlets covering it
8
in the last 3 days
First reported
3 days ago
7 outlets since
Countries
7 other outlets reported this story in the last 3 days.
Aramco CEO Amin Nasser says less than 6 billion barrels of commercial oil remain in storage, with 10% or less readily available as supply buffers thin.
Global oil inventories have fallen by over 1bn barrels, raising fresh risks for Nigeria’s fuel, construction and housing costs amid supply pressures.
The global oil market has lost much of the storage buffer that has traditionally helped absorb supply disruptions, with industry executives warning that readily accessible inventories are now running dangerously...