Oil market recovery slows after 1 billion barrels lost, Aramco CEO warns

5 articles · Updated · Reuters · May 10

Amin Nasser said about 1 billion barrels were lost in two months as Iran's Hormuz blockade disrupted shipping after the U.S.-Israeli war.
He said markets would take time to stabilise even if flows resume, with years of underinvestment and already-low inventories worsening the supply shock.
Aramco said its East-West Pipeline to the Red Sea has helped bypass Hormuz, while Asia remains central to the company despite the global disruption.

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