Saudi Aramco CEO and President Amin Nasser
Saudi Aramco CEO and President Amin Nasser said the world lost nearly 1 billion barrels of oil over the past two months, adding that energy markets will take time to stabilize even if flows resume, due to shipping disruptions through the Strait of Hormuz. 
According to Reuters, Nasser said the company’s goal is simple; ensuring energy supplies continue flowing even under pressure.
He added that years of underinvestment in the sector have exacerbated pressure on already low global oil inventories and spare capacity.
Nasser also stressed that Asia remains a key priority for the company and central to global crude demand despite shifts in shipping routes.
According to Argaam data, Saudi Aramco reported a 26% year-on-year (YoY) rise in Q1 2026 profit to SAR 120.13 billion.
Saudi Aramco CEO and President Amin Nasser
Saudi Aramco CEO and President Amin Nasser said the world lost nearly 1 billion barrels of oil over the past two months, adding that energy markets will take time to stabilize even if flows resume, due to shipping disruptions through the Strait of Hormuz.
According to Reuters, Nasser said the company’s goal is simple; ensuring energy supplies continue flowing even under pressure.
He added that years of underinvestment in the sector have exacerbated pressure on already low global oil inventories and spare capacity.
Nasser also stressed that Asia remains a key priority for the company and central to global crude demand despite shifts in shipping routes.
According to Argaam data, Saudi Aramco reported a 26% year-on-year (YoY) rise in Q1 2026 profit to SAR 120.13 billion.
