Business

Saudi Aramco Warns of Long Oil Supply Recovery

Updated 2026-10-05 09:55 UTC 1 source Negative

Saudi Aramco's CEO warns that it could take up to two years to replenish global oil stockpiles. The warning comes as the U.S.-Iran conflict continues to impact supply chains.

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CNBC

Saudi Aramco chief says replenishing global oil stockpiles could take two years

Saudi Aramco's CEO warned it could take up to two years to rebuild global oil inventories, saying the squeeze could worsen as the U.S.-Iran war continues.

2026-10-05 09:46 UTC