Global oil stocks are alarmingly low and could take two years to rebuild, Aramco warns
- Published on 06/10/2026 - 10:06 GMT+2 Saudi Aramco chief executive Amin Nasser has warned that the world’s oil supply cushion is shrinking.
- The head of the world’s largest oil company said the Iran war has drained stocks that could help offset further supply disruptions.
- The effective closure of the Strait of Hormuz, the narrow waterway that typically handles around 20% of the world’s oil and liquefied natural gas supplies, led to major supply disruptions and higher prices, hitting the global economy.
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- Published on 06/10/2026 - 10:06 GMT+2 Saudi Aramco chief executive Amin Nasser has warned that the world’s oil supply cushion is shrinking.
- The head of the world’s largest oil company said the Iran war has drained stocks that could help offset further supply disruptions.
- The effective closure of the Strait of Hormuz, the narrow waterway that typically handles around 20% of the world’s oil and liquefied natural gas supplies, led to major supply disruptions and higher prices, hitting the global economy.
Sources: Euronews