Saudi Aramco CEO Amin Nasser warned that it could take up to two years to rebuild global oil inventories due to supply disruptions caused by the ongoing US-Iran conflict. Nearly 3 billion barrels of oil supply have been lost since the conflict began, with about 1 billion barrels drawn from existing stocks. The war has severely impacted shipping through the Strait of Hormuz, a critical passage for 20% of the world's oil and LNG supplies, causing market strain. Although Middle East crude exports are recovering, the supply squeeze may worsen until the strait fully reopens and market confidence returns.
Saudi Aramco's CEO has indicated that replenishing global oil stockpiles could take up to two years, providing context on ongoing supply challenges. For readers following energy markets, here is Pluang's snapshot as of Oct 05, 2026 14:41 WIB: out of 38 priced Energy-sector US stocks, 14 rose and 18 fell. Notable prices include RIG at USD 5.21 with a 0.77% increase and a typical hold time of 17 days, INDO at USD 2.69 with a 0.75% increase and a 24-day hold time, and XOM at USD 162.81 with a 0.73% decrease and a 99-day hold time.
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