Aramco CEO warns 1 billion barrels lost will slow oil market recovery

Summary

Aramco's CEO cautions that the loss of 1 billion barrels of oil will hinder the recovery of the oil market. This statement highlights the potential impact on global oil supply and pricing dynamics.

Recent Coverage

• Aramco Sees Slow Oil Market Recovery after Shock Supply Loss

  OilPrice.com • May 11

• Strait of Hormuz disruption could push oil market recovery into 2027, Aramco CEO says

  Reuters Energy • May 11

• Strait of Hormuz disruption could push oil market recovery into 2027, Aramco CEO says

  BOE Report • May 11

• JP Morgan sees Brent staying in low $100s even if Hormuz reopens in June

  BOE Report • May 11

• Oil market will lose around 100 million barrels every week, if Strait of Hormuz remains closed, Aramco CEO says

  Reuters Energy • May 11