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Aramco CEO says global oil stocks are ’scarily thin’ amid Hormuz risks

05 OCT 2026 · 2100Z

Saudi Aramco CEO Amin Nasser said global oil inventories have fallen to “scarily thin” levels and markets will remain under pressure until the Strait of Hormuz fully reopens. Speaking at the Energy Intelligence Forum in London, Nasser said supply constraints were affecting both…

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Aramco CEO says global oil stocks are ’scarily thin’ amid Hormuz risks | Straits