According to Aramco's CEO, how much oil has been lost recently and what is the implication for market recovery?

Aramco’s CEO Amin Nasser stated that 'the world has lost about 1 billion barrels of oil over the past two months' and emphasized that 'energy markets will take time to stabilize even if flows resume', because 'reopening routes is not the same as normalizing a market that has been deprived of about one billion barrels of oil'.

What strategic infrastructure is Aramco using to bypass the Strait of Hormuz, and how does the CEO characterize its role?

Aramco has used its East-West Pipeline to bypass the Strait of Hormuz and transport crude to the Red Sea, an asset Nasser described as a 'critical lifeline' to mitigate the global supply crisis.

Aramco CEO warns 1 billion barrels lost will slow oil market recovery

May 10, 2026

Saudi Aramco CEO warns that a 1-billion-barrel loss will delay market recovery amid Strait of Hormuz disruptions. Despite a 25% profit jump, the company utilizes its East-West Pipeline to mitigate global supply crises driven by geopolitical conflicts.

reuters

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