Saudi Aramco chief warns of 'scarily thin’ global oil stockpiles, amid war on Iran

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Saudi Aramco CEO Amin Nasser warned that global oil stockpiles are "scarily thin" following the US-Israel war on Iran, which he stated reduced regional supply by nearly 3 billion barrels. Nasser noted that over 1 billion barrels have been released from reserves, leaving less than 6 billion barrels of practically available commercial inventories, indicating the global energy system is already straining.

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The chief executive of Saudi Aramco warned that the world's oil stockpiles are now "scarily thin". In his first public speech since the US-Israel war on Iran began, Amin Nasser said the conflict reduced oil supply from the region by "nearly 3bn barrels", with over 1bn barrels of oil released from reserves to cushion the depletion.

Saudi Aramco chief warns of 'scarily thin’ global oil stockpiles, amid war on Iran

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