Aramco CEO warns rebuilding thin global oil inventories could take two years after Hormuz
The chief executive of Aramco, Amin Nasser, has issued a significant warning to global energy markets, stating that it could take up to two years to fully restore the world's depleted oil inventories. This assessment comes in the wake of major shipping disruptions in the Strait of Hormuz. Despite this cautionary outlook from one of the industry's most influential figures, oil prices experienced a minor decline on Monday. Market participants currently seem to be placing more weight on the recovery of shipping routes and the fact that crude production has nearly returned to levels seen before the conflict began, rather than focusing on the long-term supply risks Nasser identified.
Rebuilding Global OIL Inventories
Financial analysts suggest that the current market reaction may be ignoring a dangerous reality. With usable oil stocks at such
Source: forexfactory.com · 2026-10-05