According to Svmuu, Amin Nasser, President and CEO of Saudi Arabian Oil Company (Saudi Aramco), stated on the 10th that global oil supply has decreased by approximately 1 billion barrels over the past two months. During a media interview that day, Nasser said that even if energy flows return to normal, the entire system will take some time to regain its usual state.
Saudi Aramco noted that the East-West Pipeline is a vital supply artery, helping to alleviate the global energy shock and providing some assurance to customers affected by shipping restrictions in the Strait of Hormuz. (Jinshi Data)