Saudi Aramco CEO warns global oil stockpiles face two-year replenishment cycle

Saudi Aramco $2222 chief executive said Monday that replenishing global crude and fuel stockpiles could take up to two years due to tight supply conditions. The executive flagged that oil stockpiles are running at critically low levels amid ongoing geopolitical risks and production constraints in key regions.

The statement underscores persistent supply tightness in energy markets, with implications for crude prices and downstream energy infrastructure investment globally.

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