Saudi Aramco CEO Amin Nasser warns that replenishing global oil stockpiles could take as long as two years. He says the current shortage is driven by supply disruptions linked to the ongoing U.S.-Iran conflict and warns that the pressure on inventories could worsen if tensions continue.
Across outlets, Nasser frames the issue as a broader strain on the global oil supply system rather than a short-lived imbalance. Quartz reports that about 3 billion barrels of supply have been lost since the conflict began, contributing to inventories reaching alarmingly low levels. CNBC and Euronews similarly describe the situation as a squeeze on global stockpiles, with timelines for rebuilding potentially extending to two years.
While the sources differ slightly in emphasis—some focusing on the two-year timeline, others on the estimated volume of lost supply—they all point to the same core message: global oil inventories are under severe strain, and restoring buffer stocks is unlikely to happen quickly under continued disruption.
