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Aramco CEO Warns Global Oil Inventories Could Take Two Years to Replenish

Summary by Saudi Gazette
RIYADH — Saudi Aramco President and CEO Amin Nasser revealed that replenishing oil stocks could take approximately two years, amid mounting pressures on crude oil supplies and ongoing challenges in global energy markets.Addressing the World Petroleum Congress (WPC Energy) in Riyadh on Monday, Nasser confirmed that Aramco is exploring additional crude oil export routes and expanding its external storage facilities to enhance supply flexibility an…

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Saudi GazetteSaudi Gazette
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Aramco CEO warns global oil inventories could take two years to replenish

RIYADH — Saudi Aramco President and CEO Amin Nasser revealed that replenishing oil stocks could take approximately two years, amid mounting pressures on crude oil supplies and ongoing challenges in global energy markets.Addressing the World Petroleum Congress (WPC Energy) in Riyadh on Monday, Nasser confirmed that Aramco is exploring additional crude oil export routes and expanding its external storage facilities to enhance supply flexibility an…

·Jeddah, Saudi Arabia
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The Hindu Business LineThe Hindu Business Line
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Saudi Aramco studying new crude export routes, overseas storage expansion

Saudi Aramco eyes new crude export routes and expanded overseas storage amid regional conflict-driven energy market disruptions.

·Chennai, India
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Aramco: Rebuilding Oil Reserves Could Take 2 Years

The CEO of Aramco warned that it could take two years to rebuild oil reserves, announced the study of new routes for exporting crude oil and expanding storage capacity abroad, and considered the full opening of the Strait of Hormuz an important factor in reducing pressure on the energy supply chain.

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Container NewsContainer News

Saudi Arabia writes Hormuz out of its oil sales

Aramco wants its 2027 term deals to load outside the Strait of Hormuz, deliver to Asian ports and possibly price against Brent. The wartime detour is becoming the standard way Saudi crude reaches its buyers.

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Container News broke the news on Sunday, October 11, 2026.
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