Commodities
Saudi Aramco CEO says global oil inventories could take about 18 months to recover following supply disruptions
StockNow breaking-news AI analysis
Saudi Aramco's CEO warns that global oil inventories may take 18 months to recover from systemic disruptions to Saudi export infrastructure, record-low global stocks, and constrained refining capacity.
News detail
Even if the Strait reopened today, replenishing depleted inventories would take up to 18 months at an average rate of 2.1 million barrels per day.
What do investors think?
Curious what other investors think?Log in to see reactions and join the conversation.
Log in to view reactionsStockNow uses AI to translate and analyze information and does not guarantee its accuracy or completeness.