{
  "id": 12151661,
  "title": "Global oil supply buffer is ‘scarily thin,’ Saudi Aramco CEO says",
  "url": "https://urgent.news/2026/10/05/global-oil-supply-buffer-is-scarily-thin-saudi-aramco-ceo-says",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T12:46:48.000Z",
  "source": {
    "name": "Financial Post",
    "slug": "financial-post",
    "url": "https://financialpost.com/commodities/energy/oil-gas/oil-supply-buffer-thin-saudi-aramco-ceo-says"
  },
  "original_language": "en",
  "account": null,
  "summary": "The global oil supply buffer has become \"scarily thin,\" according to the CEO of Saudi Aramco, Amin Nasser. He warned that the squeeze on crude oil and refined fuels is set to worsen unless the Strait of Hormuz reopens.\n\nAlmost 3 billion barrels of oil supply have been lost since the start of the US-Iran war, while 1 billion barrels of oil have been released from stocks so far, as reported by The Business Times - Companies & Markets. Nasser stated that replenishing inventories while meeting demand could take up to two years.\n\nThe strain on global inventories is severe, with most of the stock draw to date coming from commercial inventories, while the remaining 6 or so billion in storage is \"not practically available,\" according to Nasser, as per The Business Times - Companies & Markets.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Seeking Alpha News",
        "title": "Saudi Aramco unexpectedly slashes November Asia oil prices to multi-year low: report",
        "url": "https://urgent.news/2026/10/05/saudi-aramco-unexpectedly-slashes-november-asia-oil-prices-to-multi",
        "published": "2026-10-05T04:51:26.000Z"
      },
      {
        "outlet": "Financial Times",
        "title": "Saudi Aramco chief warns world’s oil stockpiles are ‘scarily thin’",
        "url": "https://urgent.news/2026/10/05/saudi-aramco-chief-warns-worlds-oil-stockpiles-are-scarily-thin",
        "published": "2026-10-05T08:21:07.000Z"
      },
      {
        "outlet": "The Business Times - Companies & Markets",
        "title": "Replenishing crude, fuel supplies could take two years: Saudi Aramco CEO",
        "url": "https://urgent.news/2026/10/05/replenishing-crude-fuel-supplies-could-take-two-years-saudi-aramco-ceo",
        "published": "2026-10-05T09:20:22.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Saudi Aramco chief says replenishing global oil stockpiles could take two years",
        "url": "https://urgent.news/2026/10/05/saudi-aramco-chief-says-replenishing-global-oil-stockpiles-could-take",
        "published": "2026-10-05T09:46:10.000Z"
      },
      {
        "outlet": "Quartz",
        "title": "Saudi Aramco CEO warns rebuilding global oil stocks could take two years",
        "url": "https://urgent.news/2026/10/05/saudi-aramco-ceo-warns-rebuilding-global-oil-stocks-could-take-two",
        "published": "2026-10-05T11:50:25.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}