All articles tagged with #amin nasser
Saudi Aramco CEO Amin Nasser warned that global oil inventories are critically low, with nearly 3 billion barrels of supply lost since the Iran conflict began. He stated that replenishing stocks could take two years, even after the Strait of Hormuz reopens, as emergency reserves fail to address long-term supply deficits.
Saudi Aramco CEO Amin Nasser criticized the energy transition, urging policymakers to abandon the idea of phasing out oil and gas as demand for fossil fuels is expected to continue growing. Nasser emphasized that the transition strategy is failing and proposed investing in oil and gas to reflect realistic demand assumptions. He highlighted the limited success of alternative energy sources and emphasized the importance of reducing emissions from oil and gas, particularly in developing nations.