Saudi Aramco chief warns that global oil stockpiles are dangerously low
G7 countries agreed to release 100 million barrels of diesel and crude oil. World oil stockpiles are very low, with less than 6 billion barrels of commercial inventories remaining. Rebuilding depleted inventories could take up to two years.
- G7 countries agreed to release 100 million barrels of diesel and crude oil.
- Rebuilding depleted oil inventories could take up to two years.
- Saudi Aramco chief stated world oil stockpiles are very low.
- Aramco CEO Amin Nasser said less than 6 billion barrels of commercial inventories remain.
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