Al-Nasser: Aramco expects demand rationing to continue as long as supplies through the Strait of Hormuz are disrupted.

SAUDI ARAMCO

SAUDI ARAMCO

2222.SA

0.00

DUBAI, May 11 (Reuters) - Saudi Aramco Chief Executive Amin Nasser said on Monday that the oil market could lose about 100 million barrels per week if the disruptions in the Strait of Hormuz continue at the current level and the strait remains closed.

He added, "We expect demand to remain conserved as long as the supply disruption through the Strait of Hormuz continues. If trade and shipping resume normally, we expect a very strong return to demand growth."


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.