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CNBC
CNBC
US · 1 hrs ago
78◉ Centre
Saudi Aramco CEO says oil market won't normalize until 2027 if Hormuz disruption persists
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Accuracy 78/100
Partisan intensity 25/100
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◉ Centre ✓ Fair headline

Saudi Aramco's CEO warns that global oil markets will not stabilize until 2027 if disruptions to the Strait of Hormuz shipping route continue, citing rapid drawdowns in oil inventories.

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Saudi Aramco CEO says oil market won't normalize until 2027 if Hormuz disruption persists
Oil inventories are rapidly drawing down as the Strait of Hormuz remains close, Saudi Aramco CEO Amin Nasser said.
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