Aramco CEO Nasser: Q2 'Most Challenging Ever' Amid Ongoing Middle East Conflict

Saudi Aramco CEO Amin Nasser described the second quarter as one of 'the most challenging ever' in the company's history due to ongoing conflict in the Middle East. The conflict has cut oil supply by 11 million barrels per day, a figure that could take up to 18 months to restore.

Nasser emphasized that the natural gas strategy remains unchanged despite these disruptions. This stance suggests that Aramco is prioritizing its long-term goals over short-term losses due to the war.

The Saudi Arabian company's focus on restoring oil flows will likely be a key challenge in the coming months, given the prolonged nature of the conflict.