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Global Oil Reserves Could Take Two Years to Rebuild, Warns Saudi Aramco CEO
Saudi Aramco's CEO Amin Nasser warns that global oil and fuel inventories could require up to two years to rebuild following unprecedented supply disruptions. Speaking at the Energy Intelligence Forum in London, Nasser revealed that nearly 3 billion barrels have been lost since the conflict began, with 1 billion barrels drawn from global reserves. The restocking process would add approximately 2 million barrels per day to global demand over the next 18 months, creating sustained pressure on an already strained energy system.