Saudi Aramco Issues Grave Warning: Oil Market Recovery May Be Delayed Until 2027

Odaily Planet Daily News As the Strait of Hormuz remains disrupted, the tension in the global energy supply has further intensified. Saudi Aramco issued a strong warning during its latest financial report briefing, pointing out that the scale of the current shock has reached an unprecedented level.

CEO Amin Nasser stated at a meeting on Monday that if this critical waterway remains closed, the global crude oil supply could decrease by approximately 100 million barrels per week. Since the outbreak of the current conflict, the cumulative shortfall has reached about 1 billion barrels. Although some of the losses have been offset by the release of strategic petroleum reserves and alternative transportation routes, Nasser emphasized: "We are facing the largest energy supply shock in global history."

The impact of this shock is extending into a longer cycle. The Strait of Hormuz originally handled about one-fifth of the world's oil and gas transportation. If the recovery time is further delayed by several weeks, the repair of market supply and demand dynamics may be postponed until 2027. The resulting disruption is no longer limited to short-term fluctuations but constitutes continuous pressure on the global supply system. (Jinshi Data)