Oil market will lose around 100 million barrels every week, if Strait of Hormuz remains closed, Aramco CEO says

DUBAI, May 11 (Reuters) - The oil market will lose around 100 ‌million barrels every week, if the disruptions in the Strait of Hormuz continue at ⁠the current rate and it remains closed, the CEO of Saudi oil giant Aramco, Amin Nasser, said on Monday.

"We expect demand ‌rationing ⁠to continue as long as supply remains disrupted through the Strait ⁠of Hormuz. If normal trade and shipping resume, we ⁠anticipate a very robust return to ⁠demand growth," he added.

Reporting by Yousef Saba; Editing by Joe Bavier

Reuters

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Oil market will lose around 100 million barrels every week, if Strait of Hormuz remains closed, Aramco CEO says

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