Saudi Aramco CEO: Global Oil Supply Reduced by Approximately 1 Billion Barrels Over Two Months

Golden Finance reported that on May 10, Amin Nasser, President and CEO of Saudi Arabian Oil Company (Saudi Aramco), stated that global oil supply has decreased by approximately 1 billion barrels over the past two months. Nasser mentioned during a media interview that even if energy flows return to normal, the entire system will require some time to recover to its usual state. Saudi Aramco emphasized that the East-West Pipeline is a critical supply artery, helping to mitigate global energy shocks and providing some assurance to customers affected by shipping restrictions in the Strait of Hormuz. (Jin10)