❗️Saudi Aramco chief warns global fuel stockpiles could take two years to recover

Saudi Aramco CEO Amin Nasser warned that global shortages of crude oil and refined fuels could worsen, with replenishing stockpiles depleted through emergency measures potentially taking up to two years, according to remarks cited from the Energy Intelligence conference in London.

"Until Hormuz fully reopens and confidence returns, the crude reality is that pressure at both ends of the barrel will intensify," Nasser said.

He added that even after the Strait of Hormuz reopens, rebuilding inventories while meeting global demand could take up to two years.