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Saudi Aramco CEO: The impact of the current crisis on the energy market is unprecedented. Current oil stocks are below required levels. Since the crisis began, the market has lost about 3 billion barrels of supply. During the crisis, oil prices could have reached higher levels, and one of the factors preventing further increases in oil prices is the east-west pipeline. I expect demand to grow to 3 million barrels per day after the crisis is over.
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Saudi Aramco CEO: The impact of the current crisis on the energy market is unprecedented. Current oil stocks are below required levels. Since the crisis began, the market has lost about 3 billion barrels of supply. During the crisis, oil prices could have reached higher levels, and one of the factors preventing further increases in oil prices is the east-west pipeline. I expect demand to grow to 3 million barrels per day after the crisis is over.
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