Aramco chief warns oil inventory recovery could take 2 years after Hormuz reopening

RIYADH: Rebuilding global oil inventories while meeting demand could take up to two years once the Strait of Hormuz fully reopens and market confidence returns, Aramco President and CEO Amin H. Nasser said. Speaking at the Energy Intelligence Forum in London, the oil giant’s chief called for closer alignment among governments, oil suppliers and customers to withstand geopolitical shocks and strengthen global energy resilience. The comments come as the war in the Middle East has disrupted oil f