Saudi Aramco's CEO may be too downbeat about the road to restocking global oil supplies
Some see record oil production and more alternative routes for delivery once the Strait of Hormuz fully opens.

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Some see record oil production and more alternative routes for delivery once the Strait of Hormuz fully opens.
Amin Nasser says 'system is already straining' and 'replenishing inventories could take up to two years'The UK's telecoms regulator Ofcom has welcomed the deal…

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.

Iran's foreign minister reportedly said his country is not engaging in talks with the U.S., but added: "Messages are being exchanged through intermediaries."

Higher oil prices propelled a quarterly earnings jump for Saudi Arabia's energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
Higher oil prices propelled a quarterly earnings jump for Saudi Arabia's energy giant, which used pipelines to work around disruptions in the Strait of Hormuz.
The results come as oil supermajors have reported blowout quarterly profits, benefitting from higher fossil fuel prices amid the Iran war.
Aramco had resumed crude oil loadings on Friday at its Ras Tanura terminal in the Gulf after they were halted for nearly four months.

"Reopening routes is not the same as normalizing a market that has been deprived of about 1 billion barrels of oil."

Aramco, the world's largest oil company, reports a 25% jump in first-quarter profits

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Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.

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Aramco's CEO warns of "catastrophic consequences" for the oil market if the effective closure of the Straits Of Hormuz were to remain for an extended period. H…
Saudi Aramco beats profit estimates and keeps $85 billion payouts as oil prices surge again.

Saudi Arabia oil giant Aramco reports 2025 profit of $104 billion, down from 2024

Saudi oil giant Aramco is reporting a $26.9 billion profit in the third quarter, down slightly from last year as global energy prices remain depressed over con…

The results come as the world's largest oil company faces a profit squeeze in a weaker crude price environment.
(RTTNews) - State-run Saudi Arabian Oil Co. or Saudi Aramco (2222) reported Tuesday that its second-quarter profit and revenues declined from last year, with w…
Saudi Aramco said quarterly revenues were impacted by lower crude oil and oil products prices.

Saudi Aramco's first-quarter net profit fell 5% year-on-year amid lower oil prices and production.

Saudi Arabia's state-owned oil giant Aramco posted first-quarter profits of $26 billion, down 4%

Saudi Arabia's state-owned oil giant Aramco has reported a $106.25 billion profit in 2024, down 12% from the prior year on lower energy prices
Saudi state oil producer Aramco reported a decline in net profit in 2024 and warned of a dividend cut.
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