Business · 6 hours ago
Aramco Boss Warns the World's Oil Safety Net Is Wearing Thin
Saudi Aramco chief Amin Nasser has warned that the world's oil safety cushion is scarily thin after months of war in the Middle East. Speaking at an energy forum in London, he said nearly three billion barrels of supply have been lost since February, and emergency reserve releases cannot fix the shortfall. Rebuilding stocks could take up to two years even after Hormuz fully reopens.
Reported by POLITICO · How we write briefs