{
  "id": 13983044,
  "title": "Aramco CEO warns global oil inventories could take two years to replenish",
  "url": "https://urgent.news/2026/10/12/aramco-ceo-warns-global-oil-inventories-could-take-two-years-to",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-12T14:06:44.000Z",
  "source": {
    "name": "Saudi Gazette",
    "slug": "saudi-gazette",
    "url": "https://saudigazette.com.sa/article/665348/saudi-arabia/aramco-chief-replenishing-oil-stocks-could-take-2-years-new-export-routes-in-focus"
  },
  "original_language": "en",
  "account": "Saudi Aramco's President and CEO Amin Nasser has cautioned that replenishing oil inventories may take up to two years due to mounting pressures on crude oil supplies and challenges in global energy markets. Speaking at the World Petroleum Congress (WPC Energy) in Riyadh, Nasser disclosed that Aramco is actively seeking alternative crude oil export routes and expanding storage facilities to improve supply flexibility and bolster the company's resilience against potential fluctuations and disruptions in energy markets.\n\nNasser highlighted the impact of refined fuel price inflation, emphasizing the critical need for international cooperation to protect energy infrastructure and transportation routes. He emphasized that attacks on energy infrastructure in the region could have far-reaching consequences beyond Saudi Arabia, affecting economies and markets worldwide. Nasser underscored the interdependence of the global supply chain, noting that ongoing disruptions in the Strait of Hormuz and energy infrastructure attacks have intensified pressure on crude oil and refined product markets, especially diesel.\n\nLooking ahead, Aramco plans to boost its gas sales and increase production capacity by around 80 percent by 2030 compared to 2021 levels, as part of its broader strategy to meet rising energy demand and drive the transformation of the global energy sector.",
  "summary": "RIYADH — Saudi Aramco President and CEO Amin Nasser revealed that replenishing oil stocks could take approximately two years, amid mounting pressures on crude oil supplies and ongoing challenges in global energy markets.Addressing the World Petroleum Congress (WPC Energy) in Riyadh on Monday, Nasser confirmed that Aramco is exploring additional crude oil export routes and expanding its external…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}