Saudi Aramco chief says replenishing global oil stockpiles could take two years

Impact · against what's priced in

The outlook for Saudi Aramco is moderately positive as the CEO establishes a structural price floor through 2028 due to a massive physical oil deficit. While G7 reserve releases provide a short-term buffer, the claim that most remaining global storage is 'not practically available' underscores a prolonged period of supply tightness.

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In context

The CEO's estimate that replenishing global inventories could take two years, combined with a net 2 billion barrel deficit, suggests sustained pricing power and a structural floor for crude well into 2028.

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• g7New
• oil
• geopolitics
• 2222.SR
• aramco
• crude
• energy markets
• inventories
• iran
• middle east