“Aramco CEO says world lost 1bn barrels of oil in two months Saudi Aramco CEO Amin Nasser said on Sunday that the world had lost around one billion barrels of oil supply over the past two months, according to Reuters. The comments came after Aramco reported a 25 percent rise in first-quarter net profits. Nasser added that global energy markets would need time to stabilise even if the Strait of Hormuz were reopened and commercial shipping resumed.
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