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Saudi Aramco boss says global oil stockpiles 'scarily thin'
- The system is already straining, Nasser
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Saudi Aramco CEO Amin Nasser warns global oil stockpiles are "scarily thin" due to the US-Iran war, despite G7 efforts to release inventories.
Read the full article for:
- Saudi Aramco CEO's warning on oil stockpiles.
- Impact of the US-Iran war on global oil supply.
- G7 nations' efforts to ease supply concerns.
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LONDON: Global oil stockpiles are “scarily thin” owing to the US-Iran war, Saudi Aramco chief executive Amin Nasser said Monday, days after G7 nations agreed to release more of their inventories to ease supply concerns.
Also read: Aramco to boost Gulf exports to 60m barrels
“The system is already straining,” Nasser told the Energy Intellligence Forum in London. “And with precious little else the world can turn to, the supply resilience cushion is scarily thin.”