The capacity pledge comes as global commercial oil inventories have fallen to less than 6 billion barrels from nearly 10 billion barrels at the start of the crisis. Nasser described the remaining cushions as "scarily thin" and warned the market will not normalize quickly. He estimated that replenishing these stocks while meeting increasing demand could take as long as 2 years after the Strait of Hormuz reopens.
Tuesday, October 20, 2026
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Saudi Aramco Can Reach 12 Million BPD Production Within Days
Commodities16 days ago
Amin Nasser announced at the Energy Intelligence conference in London that the producer's operational systems remain intact despite the ongoing geopolitical crisis. The CEO of Saudi Aramco stated the company can make its maximum sustainable production capacity of 12 million barrels per day available within days, and specifically within 10 days if required. Nasser noted that the firm possesses the strategic reserves and flexibility to shift or isolate output to meet global needs.
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