Saudi Aramco CEO: Global oil supply has decreased by about 1 billion barrels in two months

According to Odaily, Amin Nasser, President and CEO of Saudi Arabian Oil Company (Saudi Aramco), stated on the 10th that over the past two months, global oil supply has decreased by about 1 billion barrels. Nasser said in a media interview that even if energy flows return to normal, the entire system will take some time to return to normalcy.

Saudi Aramco stated that the East-West oil pipeline is a vital supply artery, helping to ease global energy shocks and providing certain safeguards for customers affected by shipping restrictions in the Strait of Hormuz. (Golden Ten Data)