العربية
Business

Saudi Aramco Boss Says Global Oil Stockpiles 'Scarily Thin'

Global oil stockpiles are "scarily thin" owing to the US-Iran war, Saudi Aramco's chief executive Amin Nasser said Monday. "The system is already straining," Nasser told the Energy Intellligence Forum in London. "And with precious little else the world can turn to, the supply resilience cushion is scarily thin," he told the two-day conference attended by leaders from across the energy sector.

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Saudi Energy Minister Signs MoUs on Energy Cooperation with Mongolia, Tanzania, Cyprus, and Mauritius

Saudi Minister of Energy and Minister of Industry and Mineral Resources Prince Abdulaziz bin Salman bin Abdulaziz signed in Riyadh on Monday four memoranda of understanding with ministers from Mongolia, Tanzania, Cyprus and Mauritius to strengthen cooperation across a range of energy fields. The MoUs were signed on the sidelines of the 25th WPC Energy Congress, hosted by Saudi Arabia through October 15 under the theme “Pathways to an Energy Future for All."

Asharq Al-Awsat English