Saudi Aramco Chief Warns World Oil Stockpiles Are Scarily Thin
· Business · Financial Times, oilprice
Saudi Aramco Chief Executive Officer Amin Nasser has warned that global oil inventories are at critically low levels. Speaking at an industry event, Nasser stated that spare production capacity has narrowed significantly across the energy sector. The comments come as global demand continues to recover while upstream investments remain constrained. Nasser cautioned that these tight reserve margins leave energy markets vulnerable to sudden geopolitical shocks or supply disruptions.
Why it matters
A sharp constriction in global oil stockpiles threatens to drive up crude prices, directly inflating fuel import bills for India and increasing transport and manufacturing costs for consumers.
Read the original report — Financial Times
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