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Saudi Aramco chief warns global oil stockpiles are scarily thin

Amin Nasser said replenishing inventories could take up to two years, adding pressure as Middle East oil exports remain near pre-war levels despite attacks.

Reported · Written up by our desk · Energy

Saudi Aramco chief Amin Nasser warned that global oil stockpiles are “scarily thin” and said the supply system is already straining, according to the Guardian Business business live coverage.

Nasser added that replenishing inventories could take up to two years, describing how long it may take to rebuild buffers amid tight conditions.

The same coverage notes that Middle East oil exports have topped pre-war levels based on new shipping data, even as the region continues to face attacks.

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