Aramco CEO Warns Oil Supply Squeeze Could Worsen
Saudi Aramco CEO Amin H. Nasser said global oil and refined-fuel supply pressure could intensify until the Strait of Hormuz fully reopens, with dwindling inventories eroding a buffer against disruptions.
Saudi Aramco President and CEO Amin H. Nasser warned that pressure on global oil supplies and refined-fuel markets could intensify until the Strait of Hormuz fully reopens. He said dwindling oil inventories are eroding an important buffer against supply disruptions. Nasser made the remarks at the 25th WPC Energy…