Saudi Aramco has warned of the global consequences of disruption in the movement of ships in the Strait of Hormuz, emphasizing that energy markets will need significant time to return to stability, even after the resumption of maritime traffic.
Publish dateSunday 10 May 2026 - 15:29
Story Code : 354131
Afghan Voice Agency (AVA): According to Al-Mayadeen Network, the CEO of Saudi Aramco Oil Company announced that the world has lost about one billion barrels of oil in the past two months.
He added that energy markets will need a long time to rebuild and achieve stability, even if ships resume movement in the Strait of Hormuz.
Previously, informed sources had reported that Saudi Aramco plans to stop its gas exports next month.
Bloomberg News Network also confirmed this report, citing informed sources. According to the report, the suspension of gas exports is due to damage to Aramco's main export facilities.
This is while Saudi Arabia's National Oil Company (Aramco) had informed Asian buyers last month that their crude oil quota for loading in April was limited and only Saudi light oil could be delivered from the Yanbu terminal.
He added that energy markets will need a long time to rebuild and achieve stability, even if ships resume movement in the Strait of Hormuz.
Previously, informed sources had reported that Saudi Aramco plans to stop its gas exports next month.
Bloomberg News Network also confirmed this report, citing informed sources. According to the report, the suspension of gas exports is due to damage to Aramco's main export facilities.
This is while Saudi Arabia's National Oil Company (Aramco) had informed Asian buyers last month that their crude oil quota for loading in April was limited and only Saudi light oil could be delivered from the Yanbu terminal.
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