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Saudi Aramco’s CEO may be too downbeat about the road to restocking global oil supplies

Saudi Aramco’s CEO may be too downbeat about the road to restocking global oil supplies

  • Time:

    16:08

  • Date:

    05 Oct 2026

  • Read Time:

    1 min

  • Author:

    Just2Trade Research Team

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Some see record oil production and more alternative routes for delivery once the Strait of Hormuz fully opens

Saudi Aramco CEO Amin H. Nasser speaking at an event, gesturing with his hands.
Saudi Aramco CEO Amin Nasser gave a dire outlook for how long it will take for oil reserves to return to prewar levels.

Photo: AFP via Getty Images

Washington and Tehran have yet to find an off-ramp for the U.S.-Iran war, but debate over how long it will take for the oil market to recover from lost Middle East crude supply has suddenly become headline news.

On Monday, the chief executive of Saudi Arabia’s state-owned petroleum and natural-gas company, Saudi Aramco SA:2223, said it could take longer than many expect to rebuild the world’s inventories of crude oil, even after transit of the commodity returns to normal through the Strait of Hormuz.

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Trading financial instruments involves high risks. This article is for informational purposes only and does not constitute investment advice.