“OCEAN FREIGHT HAS BEEN HIT HARD, SUPPLY CHAINS ARE TIGHT - SAUDI ARAMCO CEO AMIN NASSER”
- “EMERGENCY RESERVES MAY BUY US A WINTER BUT CANNOT FIX LONG-TERM SUPPLY - ARAMCO CEO”
- “UNTIL HORMUZ FULLY RE-OPENS AND CONFIDENCE RETURNS, PRESSURE ON OIL AND PRODUCTS WILL INTENSIFY - ARAMCO CEO”
- “REPLENISHING INVENTORIES WHILE MEETING DEMAND COULD TAKE UP TO TWO YEARS - ARAMCO CEO”
- “THE WORLD ENTERED CRISIS WITH ALMOST 10 BLN BARRELS OF OIL STOCKS - ARAMCO CEO”
- “NEARLY 3 BLN BARRELS OF GROSS OIL SUPPLY HAS BEEN LOST, OR ABOUT HALF THE CRUDE AND PRODUCTS THAT WOULD NORMALLY HAVE MOVED THROUGH HORMUZ - ARAMCO CEO”
- “OIL SUPPLY LOST HAS BEEN MITIGATED BY MORE THAN A BILLION BARRELS FROM THOSE STOCKS, MOST COMING FROM ONSHORE COMMERCIAL INVENTORIES WHICH IS 'LAST MAJOR TOOL IN BOX' - ARAMCO CEO”
- “LESS THAN 6 BLN BARRELS OF COMMERCIAL INVENTORIES REMAIN TODAY, WITH VAST MAJORITY NOT PRACTICALLY AVAILABLE - ARAMCO CEO”