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

Source: cnbc October 5, 2026 · 02:46
Saudi Aramco chief says replenishing global oil stockpiles could take two years
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Saudi Aramco's CEO warned it could take up to two years to rebuild global oil inventories, saying the squeeze could worsen as the U.S.-Iran war continues.
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The Consumer News and Business Channel (CNBC) is an American business news channel owned by Versant. The network broadcasts live business news and analysis programming during the morning, daytime business day, and early-evening hours, with the remaining hours filled by business-related documentaries and reality television programming, as well as occasional sports presentations from USA Sports. CNBC operates an accompanying financial news website, CNBC.com, which includes news articles, video and…

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Capital
Riyadh
Region
Middle East, North Africa, Afghanistan & Pakistan
Income level
High income
ISO code
SAU
Data: World Bank

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