--- title: "Saudi Aramco CEO Reports Significant Drop in Global Oil Supply" type: "News" locale: "en" url: "https://longbridge.com/en/news/285844208.md" description: "Saudi Aramco President and CEO Amin Nasser stated on the 10th that global oil supply has decreased by approximately 1 billion barrels over the past two months. According to Odaily, Nasser mentioned in a media interview that even if energy flows return to normal, the entire system will take time to stabilize. Saudi Aramco emphasized the importance of the East-West pipeline as a crucial supply artery, which helps mitigate global energy shocks and provides some assurance to customers affected by shipping restrictions in the Strait of Hormuz." datetime: "2026-05-10T14:03:41.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/285844208.md) - [en](https://longbridge.com/en/news/285844208.md) - [zh-HK](https://longbridge.com/zh-HK/news/285844208.md) --- # Saudi Aramco CEO Reports Significant Drop in Global Oil Supply Saudi Aramco President and CEO Amin Nasser stated on the 10th that global oil supply has decreased by approximately 1 billion barrels over the past two months. According to Odaily, Nasser mentioned in a media interview that even if energy flows return to normal, the entire system will take time to stabilize. Saudi Aramco emphasized the importance of the East-West pipeline as a crucial supply artery, which helps mitigate global energy shocks and provides some assurance to customers affected by shipping restrictions in the Strait of Hormuz. ### Related Stocks - [KSA.US](https://longbridge.com/en/quote/KSA.US.md) ## Related News & Research - [Saudi Aramco GAAP EPS of $0.13, revenue of $124.59B](https://longbridge.com/en/news/285882552.md) - [Saudi Aramco Q1 Cash Flow From Operating Activities $30.7 Billion](https://longbridge.com/en/news/285829949.md) - [Oklo Looks Stronger as a Long-Term Energy Play Thanks to 2 Major Growth Drivers](https://longbridge.com/en/news/286923204.md) - [Was the Rally in Energies and Grains to Start the Week a Surprise?](https://longbridge.com/en/news/286759354.md) - [ZAWYA: Saudi plans to issue $40bln worth of real estate bonds by 2030: Report](https://longbridge.com/en/news/287004613.md)