Global oil supply buffer running 'scarily thin', Aramco CEO says

Anthony Di Paola, Grant Smith & Charles Gorrivan / Bloomberg

Yesterday

Amin Nasser, the chief executive of Saudi Aramco, says that while the squeeze on crude is serious, refined fuel prices have risen even more sharply.(Oct 5): The oil stockpiles that cushion the world ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://sg1.tigeractivity.com/news/2673080536"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2673080536\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2673080536?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-10-05 12:03","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2673080536","market":"sg","top_or_hot":-1,"title":"Global oil supply buffer running 'scarily thin', Aramco CEO says","media":"Anthony Di Paola, Grant Smith & Charles Gorrivan / Bloomberg","content":"<div>\n<p>Amin Nasser, the chief executive of Saudi Aramco, says that while the squeeze on crude is serious, refined fuel prices have risen even more sharply.(Oct 5): The oil stockpiles that cushion the world ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/oil-gas/global-oil-supply-buffer-running-scarily-thin-aramco-ceo-says?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Global oil supply buffer running 'scarily thin', Aramco CEO says</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGlobal oil supply buffer running 'scarily thin', Aramco CEO says\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-05 12:03 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/oil-gas/global-oil-supply-buffer-running-scarily-thin-aramco-ceo-says?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Anthony Di Paola, Grant Smith & Charles Gorrivan / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Amin Nasser, the chief executive of Saudi Aramco, says that while the squeeze on crude is serious, refined fuel prices have risen even more sharply.(Oct 5): The oil stockpiles that cushion the world ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/oil-gas/global-oil-supply-buffer-running-scarily-thin-aramco-ceo-says?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FBZ","symbol_name":"First Trust Brazil AlphaDEX Fund","start_time":0,"source_url":"https://www.theedgesingapore.com/news/oil-gas/global-oil-supply-buffer-running-scarily-thin-aramco-ceo-says?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2673080536","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/oil-gas/global-oil-supply-buffer-running-scarily-thin-aramco-ceo-says?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2673080536","pubTimestamp":1791172980,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"Amin Nasser, the chief executive of Saudi Aramco, says that while the squeeze on crude is serious, refined fuel prices have risen even more sharply.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"FBZ":"First Trust Brazil AlphaDEX Fund","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X ETF","BNO":"美国布伦特原油基金有限合伙企业","OILK":"ProShares K-1 Free Crude Oil ETF","ERX":"二倍做多能源ETF-Direxion","UCO":"二倍做多彭博原油ETF","OILT":"Texas Oil Index ETF","UGA":"United States Gasoline Fund LP","BK4588":"碎股","XOP":"油气开采指数ETF-SPDR S&P","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","BWET":"BREAKWAVE TANKER SHIPPING ETF","DRLL":"Strive U.S. Energy ETF","IXC":"全球能源业ETF-iShares","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","SCO":"二倍做空彭博原油指数ETF","PXE":"Invesco Energy Exploration & Production ETF","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","VDE":"Vanguard Energy ETF","DBO":"原油ETF-PowerShares","USE":"USCF Energy Commodity Strategy Absolute Return Fund","XLE":"SPDR能源指数ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4570":"地缘局势概念股","DIG":"二倍做多美国油气指数","DBC":"商品指数ETF-PowerShares DB","USL":"United States 12 Month Oil Fund LP","IEO":"iShares Dow Jones U.S. Oil & Gas","USO":"美国原油ETF","OIH":"石油服务ETF","BK4585":"ETF&股票定投概念","PXJ":"Invesco Oil & Gas Services ETF","DBE":"能源商品ETF-PowerShares","GUSH":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bull 2X ETF","USOI":"ETRACS Crude Oil Shares Covered Call ETN","FTXN":"First Trust Nasdaq Oil & Gas ETF"},"translate_title":"沙特阿美首席执行官表示，全球石油供应缓冲“非常稀薄”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"OIH":1.5,"SCO":0.6,"PXE":1.5,"FBZ":1.5,"IXC":1.5,"IEO":1.5,"FTXN":1.5,"PXJ":1.5,"DBE":1.5,"VDE":1.5,"DBO":1.5,"BNO":1.5,"OILT":1.5,"DBC":1.5,"XOP":1.5,"UCO":0.6,"OILK":1.5,"USE":1.5,"XES":1.5,"XLE":1.5,"USO":1.5,"BWET":1.5,"DIG":1.5,"GUSH":1.5,"WTIU":1.5,"DRLL":1.5,"USOI":1.5,"UGA":1.5,"USL":1.5,"OILU":1.5,"DRIP":1.5,"DUG":1.5,"ERX":1.5},"content_text":"Amin Nasser, the chief executive of Saudi Aramco, says that while the squeeze on crude is serious, refined fuel prices have risen even more sharply.(Oct 5): The oil stockpiles that cushion the world from supply shocks have become \"scarily thin\", putting markets at risk of worsening unless the Strait of Hormuz reopens, according to the head of Saudi Arabia's state producer.\nThe head of the world's single biggest crude exporting company was speaking just days after governments in the world's biggest economies announced plans to release as much as 100 million barrels of emergency oil and diesel stocks to ease rising fuel costs.\n\"Until Hormuz fully reopens and confidence returns, the crude reality is that pressure at both ends of the barrel will intensify,\" Amin Nasser, the chief executive of Saudi Aramco, said at the Energy Intelligence Forum in London on Monday. \"While the squeeze on crude is serious, refined fuel prices have risen even more sharply.\"\nConsumption of crude is still rising and countries will require even more supply for at least the next two years while rebuilding their inventories, Nasser said. That could mean additional demand of at least two million barrels a day, or even more if governments decide to increase the amount of oil they hold in stockpiles, he said.\nWhen the US-Iran war began, the world had about 10 billion barrels of oil stocks, Nasser said. That has fallen to less than six billion, about 10% of which is practically available due to various technical restrictions, he said. \nReleasing part of what's left in global stockpiles will buy economies some time but won't fix the imbalances between supply and demand, Nasser said. Gulf producers are working to ramp up production and exports and have succeeded in boosting crude flows to near prewar levels.\nSaudi Arabia and neighbours like the United Arab Emirates and Kuwait have been using their own tankers to ship crude through Hormuz, which has been at least partly obstructed since the US and Israel attacked Iran at the end of February, kicking off a regional war.\nThe higher flows have provided scant relief for oil markets, which are still pricing in security risks to supply in the Persian Gulf and Red Sea. Brent crude, the international benchmark, has traded around US$100 ($128.04) a barrel over the past month, even as more tankers transited Hormuz. Those vessels have had to run the risk of heightened attacks, while Saudi Arabia has been repeatedly targeted over the last month.\nStill, all of Aramco's upstream capacity remains intact, Nasser said. That has allowed the company to continue covering its supply contracts with buyers in Europe and Asia. The company has used various export routes, shifted supply between its different crude grades and pressed its own tankers into operation to supply customers, he said.\nOver the past month, Aramco boosted crude shipments from its main export terminal at Ras Tanura in the Persian Gulf. The company reacted quickly to a temporary halt to its main cross-country pipeline after an attack last month, and has since brought flows back to about 80% of capacity.\nAramco is looking for alternative crude export routes to avoid relying too much on any single method of reaching global buyers, Nasser said, without providing specifics. The company is studying plans that would double or triple the capacity of its storage facilities, he said.\nUploaded by Tham Yek Lee","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}