--- title: "Saudi Aramco CEO: Oil Inventories May Need Two Years to Rebuild" publication: "MediaBias News" url: "https://mediabias.news/business/saudi-aramco-ceo-oil-inventories-may-need-two-years-to-rebuild" api: "https://mediabias.news/api/v1/stories/saudi-aramco-ceo-oil-inventories-may-need-two-years-to-rebuild" markdown: "https://mediabias.news/business/saudi-aramco-ceo-oil-inventories-may-need-two-years-to-rebuild.md" audio: "https://mediabias.news/api/audio/saudi-aramco-ceo-oil-inventories-may-need-two-years-to-rebuild" category: "Business & Economy" area: "Middle East" published: "2026-10-05T11:46:00.404Z" source_reported: "2026-10-05T11:15:37.038Z" updated: "2026-10-05T11:46:00.404Z" trust_score: 42 critic_score: 57 hype_score: 41 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-10-05T12:30:16.395414+00:00" --- # Saudi Aramco CEO: Oil Inventories May Need Two Years to Rebuild *Amin Nasser warns supply disruptions have depleted reserves, with recovery time dependent on Strait of Hormuz reopening.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 42 of 100, higher is better. Central claim attributed to Saudi Aramco CEO Amin Nasser, with Reuters cited as a source. - Craft 57 of 100, higher is better. Reporting includes quotes from the CEO and mentions the G7 agreement and oil prices. - Hype 41 of 100, lower is better. Headlines use strong adjectives like 'scarily thin' and 'dangerously low' to describe oil reserves. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - Global oil inventories may require up to two years to be replenished, according to Saudi Aramco CEO Amin Nasser. - Nasser stated that nearly 3 billion barrels of oil supply have been lost since the U.S.-Iran war began. - Around 1 billion barrels have been drawn from existing oil stocks. - Oil prices were mixed on Monday as Middle East crude exports increased. Saudi Aramco CEO Amin Nasser has warned that rebuilding global oil inventories could take as long as two years. He stated that nearly 3 billion barrels of oil supply have been lost since the U.S.-Iran war commenced. Approximately 1 billion barrels have been drawn from existing stocks to mitigate supply disruptions. Nasser made these remarks at the Energy Intelligence conference in London. He indicated that pressure on oil markets would intensify until the Strait of Hormuz, a key shipping route for approximately 20% of global oil and LNG, fully reopens. The G7 countries recently agreed to release 100 million barrels of diesel and crude from emergency reserves. ## Disagreement on stock draw figures CNBC reported that Nasser said nearly 3 billion barrels of oil supply had been lost and 1 billion barrels drawn from stocks. La Tercera stated Nasser said almost 3 billion barrels of supply have been lost since late February. Business Times reported that one billion barrels of oil has been released from stocks so far. Jordan News reported Nasser said nearly 3 billion barrels of oil supply had been lost, equivalent to around half of the crude and petroleum products normally transported through the Strait of Hormuz. ## What the coverage left out None of the left-rated, centre-rated, or right-rated digests mention the specific figures for oil prices on Monday, such as Brent crude futures trading at $102.92 per barrel and U.S. West Texas Intermediate futures at $90.76, as reported by CNBC. ## Who covered it Shares of the 14 covering outlets with a published leaning rating: - Left: 14% (2) - Centre: 15% (2) - Right: 71% (10) 25 of 39 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-10-05T12:30:16.395414+00:00. **Coverage watch:** developing. Checked 6 times; 0 checks found a material change. Most recently checked 2026-10-05T13:30:11.088Z. ## How the sides framed it ### Left - CNBC and SANA both reported Nasser's warning that replenishing global oil inventories could take up to two years. Both outlets noted his statement that nearly 3 billion barrels of oil supply have been lost since the U.S.-Iran war began, with around 1 billion barrels drawn from stocks. CNBC also mentioned the G7 countries' agreement to release 100 million barrels of diesel and crude from emergency reserves. ### Centre - LRT.lt and WTVB reported that Saudi Aramco CEO Amin Nasser stated global oil supplies are "dangerously low" or that it could take up to two years to refill global stockpiles. Both outlets mentioned the U.S.-Iran war as a cause for the supply worries and noted the G7 countries' agreement to use more of their reserves. ### Right - La Tercera, Interfax.ru, Protothema, EADaily, Business Times, and Le Figaro all reported that Saudi Aramco CEO Amin Nasser warned that rebuilding oil inventories could take up to two years. Several of these reports, including La Tercera and Protothema, mentioned Nasser's statement that nearly 3 billion barrels of supply have been lost since the conflict began. Le Figaro noted Nasser's warning about "dangerously low" world oil stocks and the G7 countries' announcement of a release from their reserves. **Provisional coverage gap:** left. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - veryLow: 1 - low: 1 - mixed: 5 - high: 6 - unknown: 25 - veryHigh: 1 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [Newsit.gr](https://newsit.gr/oikonomia/finance/i-saudi-aramco-proeidopoiei-pos-tha-xreiastoun-eos-dyo-xronia-gia-anaplirosi-ton-apothematon-petrelaiou/4790898) — Saudi Aramco Warns It Will Take up to Two Years to Replenish Oil Reserves - [القدس العربي](https://alquds.co.uk/%D8%B1%D8%A6%D9%8A%D8%B3-%D8%B4%D8%B1%D9%83%D8%A9-%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D9%8A%D9%82%D9%88%D9%84-%D8%A5%D9%86-%D9%85%D8%AE%D8%B2%D9%88) — The President of Saudi Aramco Says that Global Oil Stocks Are "Disturbingly low." - [topwar.ru](https://topwar.ru/291050-glava-aramco-vosstanovleniju-neftetrafika-iz-persidskogo-zaliva-radovatsja-rano.html) — Chapter Aramco: Rehabilitation of Oil Trade From the Persian Gulf to Rejoice Early - [frognews.bg](https://frognews.bg/novini/preduprejdenie-sauditska-arabiia-svetovnite-petrolni-zapasi-barzo-namaliavat.html) — Warning From Saudi Arabia: World Oil Stocks Will... - [Telegraf – Najnovije vesti](https://biznis.telegraf.rs/info-biz/4408979-petina-svetske-nafte-prolazi-kroz-ormuz-trziste-ostaje-pod-pritiskom-obnavljanje-zaliha-i-do-dve-godine) — A Fifth of the World's Oil Passes Through Hormuz: The Market Remains Under Pressure, Restocking up to Two Years - [BAKU.WS: Xəbəriniz olsun](https://baku.ws/dunya/seudiyyeden-neftle-bagli-ciddi-xeberdarliq-ehtiyatlar-kritik-hedde-catib) — Saudi Arabia Issues Serious Warning About Oil: Reserves Have Reached Critical Levels - [Free Malaysia Today News](https://freemalaysiatoday.com/category/business/2026/10/05/saudi-aramco-boss-says-global-oil-stockpiles-scarily-thin) — Saudi Aramco boss says global oil stockpiles ‘scarily thin’ - [tennews.in: National News Portal - Breaking News, Live News, Delhi News, Noida News, National News,](https://tennews.in/oil-market-risks-rising-as-inventories-shrink-hormuz-reopening-crucial-saudi-aramco-ceo) — Oil market risks rising as inventories shrink, Hormuz reopening crucial: Saudi Aramco CEO - tennews.in: National News Portal - [La República](https://larepublica.co/globoeconomia/ceo-de-saudi-aramco-dice-que-reponer-reservas-de-crudo-y-combustible-llevaria-dos-anos-4496636) — Saudi Aramco CEO Says Replenishing Oil and Fuel Reserves Would Take Two Years - [regionalmedianews.com](https://regionalmedianews.com/news/national/business/replenishing-crude-and-fuel-stocks-could-take-two-years-saudi-aramco-ceo-says) — Replenishing crude and fuel stocks could take two years, Saudi Aramco CEO says - Regional Media News - [news-pravda.com](https://news-pravda.com/world/2026/10/05/2642123.html) — ️Saudi Aramco chief warns global fuel stockpiles could take two years to recover - [1prime.ru](https://1prime.ru/20261005/zapasy-873948359.html) — The Head of Saudi Aramco Warned of "Scarefully Low" Oil Reserves in the World. - [δημοκρατία](https://dimokratia.gr/kosmos/753285/aramco-eos-kai-dyo-chronia-gia-na-gemisoyn-xana-ta-pagkosmia-apothemata) — Aramco: Up to Two Years to Fill Global Oil Reserves Again - [madhyamamonline.com](https://madhyamamonline.com/middle-east/saudi-aramco-chief-warns-oil-stockpiles-are-scarily-thin-as-hormuz-crisis-persists-1560713) — Saudi Aramco chief warns oil stockpiles are ‘scarily thin’ as Hormuz crisis persists - [bhaskarlive.in](https://bhaskarlive.in/others/oil-market-risks-rising-as-inventories-shrink-hormuz-reopening-crucial-saudi-aramco-ceo-2148852) — Oil market risks rising as inventories shrink, Hormuz reopening crucial: Saudi Aramco CEO - [Unknown](https://biz.nv.ua/ukr/markets/svitovi-rezervi-nafti-skorotilisya-saudi-aramco-poperedzhaye-pro-riziki-rinku-50647209.html) — World Oil Reserves Reduced to Frighteningly Low Levels — Saudi Aramco - [srpskainfo.com](https://srpskainfo.com/biznis/mracne-prognoze-svjetskom-trzistu-nafte-bice-potrebne-najmanje-2-godine-za-oporavak) — DARK FORECASTS The World Oil Market Will Need at Least 2 Years to Recover - [Lietuvos Radijas ir Televizija](https://lrt.lt/naujienos/verslas/4/3073246/saudi-aramco-vadovas-pasaulines-naftos-atsargos-gresmingai-menkos) — Saudi Aramco CEO: Global Oil Reserves 'Dangerously Low' - [sofokleousin.gr](https://sofokleousin.gr/agores/saudi-aramco-eksantlountai-ta-pagkosmia-apothemata-petrelaiou) — Saudi Aramco: Global Oil Reserves Are Running Out - [La Tercera](https://latercera.com/pulso/noticia/jefe-de-aramco-advierte-que-reconstruir-los-inventarios-de-petroleo-podria-tomar-hasta-dos-anos) — Head of Aramco Warns that Rebuilding Oil Inventories Could Take up to Two Years - [Interfax.ru](https://interfax.ru/business/1120410) — Saudi Aramco Claimed that the World's Oil Reserves Were Falling to a Frighteningly Low Level. - [WTVB](https://wtvbam.com/2026/10/05/replenishing-crude-and-fuel-stocks-could-take-two-years-saudi-aramco-ceo-says) — Replenishing crude and fuel stocks could take two years, Saudi Aramco CEO says - [SANA](https://sana.sy/economy/2597834) — Saudi Aramco: World Oil Stocks Are "Disturbingly Low" - [Protothema](https://protothema.gr/economy/article/1889803/petrelaio-eos-kai-duo-hronia-tha-hreiastoun-gia-tin-anaplirosi-ton-pagosmion-apothematon-proeidopoiei-i-saudi-aramco) — Oil: It Will Take up to Two Years to Replenish Global Reserves, Saudi Aramco Warns - [EADaily](https://eadaily.com/ru/news/2026/10/05/glava-saudovskogo-neftegiganta-rano-radovatsya-zapasy-nefti-pugayut) — Head of Saudi Petroleum Giant: Early to Rejoice. Oil Reserves Scare EADaily - [sawaleif.com](https://sawaleif.com/%D8%A3%D8%B1%D8%A7%D9%85%D9%83%D9%88-%D8%AA%D8%AD%D8%B0%D8%B1-%D9%85%D8%AE%D8%B2%D9%88%D9%86%D8%A7%D8%AA-%D8%A7%D9%84%D9%86%D9%81%D8%B7-%D8%A7%D9%84%D8%B9%D8%A7%D9%84%D9%85%D9%8A%D8%A9-%D8%B9%D9%86-1111672) — Aramko Warns: World Oil Stocks Are at an Alarming Level - [negocios.com](https://negocios.com/articulo/mercados/aramco-lanza-alerta-petroleo-entra-zona-mas-peligrosa/20261005115602495114.html) — Aramco Launches the Alert: Oil Enters Its Most Dangerous Area - [Dagens industri](https://di.se/live/saudi-aramcos-vd-kan-ta-tva-ar-att-fylla-pa-oljelager) — Saudi Aramco CEO: It Could Take Two Years to Replenish Oil Reserves - [CNBC](https://cnbc.com/2026/10/05/aramco-saudi-arabia-iran-hormuz-oil-energy.html) — Saudi Aramco chief says replenishing global oil stockpiles could take two years - [BizToc](https://biztoc.com/x/131ad86f857c8331) — Saudi Aramco chief says replenishing global oil stockpiles could take two years - [borskollen.se](https://borskollen.se/nyheter/27/saudi-aramco-varnar-oljelagren-sjunker-till-oroande-nivaer-globalt) — Saudi Aramco Warns: Oil Inventories Are Falling to Worrying Levels Globally - [Le Figaro](https://lefigaro.fr/conjoncture/le-patron-du-geant-saoudien-aramco-met-en-garde-contre-des-stocks-mondiaux-de-petrole-dangereusement-faibles-20261005) — The Boss of Saudi Giant Aramco Warns Against "Dangerously Low" World Oil Stocks - [Jordan News | Latest News from Jordan, MENA](https://jordannews.jo/Section-112/Economy/Aramco-Eyes-More-Oil-Export-Routes-Amid-Supply-Disruptions-56986) — Aramco Eyes More Oil Export Routes Amid Supply Disruptions - [European Business Magazine](https://europeanbusinessmagazine.com/aramco-oil-stocks-thin) — Aramco Chief Warns Global Oil Stocks Are 'Scarily Thin - [Business Times](https://businesstimes.com.sg/companies-markets/energy-commodities/replenishing-crude-fuel-supplies-could-take-two-years-saudi-aramco-ceo) — Replenishing crude, fuel supplies could take two years: Saudi Aramco CEO - [Insider Paper](https://insiderpaper.com/saudi-aramco-oil-stockpiles-scarily-thin) — Saudi Aramco boss says global oil stockpiles 'scarily thin' - [Hospodárske Noviny](https://hnonline.sk/finweb/zahranicna-ekonomika/96306071-sef-saudi-aramco-varuje-pred-dalsim-tlakom-na-trh-s-ropou-obnova-zasob-po-konflikte-v-irane-moze-trvat-roky) — Saudi Aramco Boss Warns of Further Pressure on Oil Market, Replenishment of Supplies After Iran Conflict Could Take Years - [insider.gr](https://insider.gr/epiheiriseis/427420/kampanaki-apo-saudi-aramco-tromaktika-mikro-dihty-asfaleias-toy-petrelaioy) — Saudi Aramco Warns: Oil Safety Net 'Terribly Small' - [Naftemporiki](https://naftemporiki.gr/finance/markets/2170728/ichiri-proeidopoiisi-aramco-tromaktika-mikro-to-dichty-asfaleias-toy-petrelaioy) — Aramco Warns: Oil Safety Net 'Terribly Small' ## Questions **How long could it take to rebuild global oil inventories?** Saudi Aramco CEO Amin Nasser stated that it could take up to two years to replenish global oil inventories. This timeline is dependent on the full reopening of the Strait of Hormuz and meeting ongoing demand. **How much oil supply has been lost since the U.S.-Iran war began?** According to Saudi Aramco CEO Amin Nasser, nearly 3 billion barrels of oil supply have been lost since the U.S.-Iran war began. Around 1 billion barrels have been drawn from existing stocks to compensate for this loss. **What action have the G7 countries taken regarding oil reserves?** The G7 countries have agreed to release 100 million barrels of diesel and crude oil from their emergency reserves. This decision was made to help ease supply worries in the global market. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/saudi-aramco-ceo-oil-inventories-may-need-two-years-to-rebuild. Please cite as: MediaBias News, "Saudi Aramco CEO: Oil Inventories May Need Two Years to Rebuild", https://mediabias.news/business/saudi-aramco-ceo-oil-inventories-may-need-two-years-to-rebuild