Aramco CEO: oil market pressure to worsen until Hormuz opens, refilling stockpiles may take 2 years

Aramco's CEO said oil market pressure will worsen until the Strait of Hormuz opens, that global oil releases are only temporary help, and that refilling global stockpiles may take two years after it reopens. Fewer than 6bn barrels of commercial inventories remain, most not practically usable.

Detected & updated continuously · Source: Nebula