Replenishing crude, fuel supplies could take two years, Saudi Aramco CEO says

By Reuters News

LONDON, Oct 5 (Reuters) - The squeeze on supplies of crude oil and refined fuels is set to worsen, and refilling global stockpiles tapped as an emergency measure might take two years, Saudi Aramco 2222.SE Chief Executive Amin Nasser told the Energy Intelligence conference in London on Monday.

"Until Hormuz fully re-opens and confidence returns, the crude reality is that pressure at both ends of the barrel will intensify. Even then, replenishing inventories while meeting demand could take up to two years," he said.

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