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Saudi Aramco CEO: Energy Supply Shock Since Q1 2026 Is Largest in History; Can Boost Output to 12M bpd Within Three Weeks

GateNews
Commodities

According to Saudi Aramco’s chief executive, the energy supply shock that began in the first quarter of 2026 represents the largest global disruption in history. The company said it could raise crude oil production to its maximum sustainable capacity of 12 million barrels per day within three weeks if needed. The CEO added that even if the Strait of Hormuz reopens today, the market would still require several months to restore balance.

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FAO: Vegetable Oil Prices Surge 5.9% Amid Hormuz Tensions

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