Aramco CEO warns of dangerously low global oil stockpiles

The CEO of Saudi Aramco, Amin Nasser, warned that global oil stockpiles are dangerously low due to the ongoing U.S.-Iran war. He made the remarks during the Energy Intelligence Forum in London, emphasizing that the world's supply resilience is 'scarily thin.' This statement comes just days after the G7 nations agreed to release additional inventories to address growing supply concerns.

Nasser highlighted that the current system is already under significant strain. He noted that with limited alternatives available, the world's ability to cushion against supply disruptions is severely compromised. The situation underscores the vulnerability of global oil markets amid geopolitical tensions.