Reuters
05 Oct 2026, 09:15 UTC · 1h ago
Replenishing crude, fuel supplies could take two years, Saudi Aramco CEO says
Impact · against what's priced in
The warning of a structural supply deficit lasting two years provides a bullish catalyst for Saudi Aramco by establishing a long-term price floor for crude and refined products. This extended timeline for stockpile replenishment suggests persistent pricing power and higher margins than typically modeled for long-term horizons.
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- In context
The CEO's projection that replenishing global stockpiles could take two years indicates a prolonged supply squeeze, supporting higher crude prices and refined fuel margins through 2028.
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