Saudi Aramco CEO Amin Nasser warns that closing the Strait of Hormuz would cause a weekly loss of 100 million barrels, exacerbating global supply shortages and pushing oil prices above $100 per barrel
bloomberg · 2026-05-11 06:51
Saudi Aramco CEO Amin Nasser reported a global oil supply reduction of approximately 1 billion barrels over the past two months. Q1 net profit rose 26% to $33.6 billion, supported by enhanced pipeline
ccin · 2026-05-11 00:00
Saudi Aramco reported a 26% profit surge to $33.6bn in Q1, using its east-west pipeline to bypass Gulf port closures. CEO Amin Nasser warns global oil markets may not normalize until 2027 if shipping
theguardian · 2026-05-10 19:01
Saudi Aramco CEO Amin Nasser warned that ongoing shipping disruptions in the Strait of Hormuz could have catastrophic impacts on the oil market and global economy. With 17% of global oil transit at ri
ccin · 2026-03-11 00:00