Oil market to lose around 100 mln barrels each week, if Hormuz remains closed,: Aramco

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.For all the latest headlines, follow our Google News channel online or via the app.“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.Read more:Iran says demanded end to war, release of assets in its response to US

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