Global energy markets lost 1B oil barrels in two months: Aramco CEO

Saudi Aramco CEO and President Amin Nasser

Saudi Aramco CEO and President Amin Nasser said the world lost nearly 1 billion barrels of oil over the past two months, adding that energy markets will take time to stabilize even if flows resume, due to shipping disruptions through the Strait of Hormuz.

 

According to Reuters, Nasser said the company’s goal is simple; ensuring energy supplies continue flowing even under pressure.

 

He added that years of underinvestment in the sector have exacerbated pressure on already low global oil inventories and spare capacity.

 

Nasser also stressed that Asia remains a key priority for the company and central to global crude demand despite shifts in shipping routes.

 

According to Argaam data, Saudi Aramco reported a 26% year-on-year (YoY) rise in Q1 2026 profit to SAR 120.13 billion.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request