Aramco President: The disruption of the Strait of Hormuz for weeks will delay the recovery of energy markets until 2027 – Urgent
Amin Al-Nasser said Aramco CEO, the continued disruption of navigation traffic in Strait of Hormuz for a few more weeks will not return Energy markets will return to normal only in 2027.
He added that opening the Strait of Hormuz at the present time will not lead to an immediate breakthrough, as the market will need several months to rebalance and correct the imbalances that have accumulated since the beginning of the year, according to what was reported. "Newsletter"
He stressed that the global economy is going through a critical juncture due to supply chain disruptions, and the energy shock that began in the first quarter of this year is the largest ever.
The most prominent things that Aramco President Amin Nasser said about energy markets globally:
– The continued disruption of the Strait of Hormuz may delay the balance of energy markets until 2027
– Opening the Strait of Hormuz now will not return the markets to normal immediately
– The energy market will need months to correct imbalances that have accumulated since the beginning of the year
– The current energy shock is the largest…
Solving navigational crises
He pointed out that the delay in resolving the current navigational crises may have an impact that extends to the beginning of 2027, saying: "We are fully prepared to reach our maximum sustainable production capacity of 12 million barrels of crude oil per day within just three weeks, if directives are issued to increase supplies to fill any global deficit."
He explained that the company’s operational performance during the first quarter of 2026, average production reached 12.6 million barrels equivalent per day.
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