Saudi Aramco CEO Amin Nasser has warned that global oil market disruptions could persist until 2027 if shipping through the Strait of Hormuz remains restricted for more than a few weeks. Despite these geopolitical tensions, Aramco reported a 26% increase in first-quarter adjusted net income, reaching SAR 126 billion ($33.6 billion) , bolstered by crude prices climbing toward $100 a barrel . The company's ability to outperform analyst expectations was largely attributed to its "strategic foresight," specifically the use of the East-West pipeline to redirect exports to the Red Sea, bypassing the blocked waterway. While the firm maintained its $21.9 billion quarterly dividend , Nasser emphasized that the global energy system remains severely constrained, urging the industry to prioritize investments in infrastructure resilience to combat long-term supply instability. (ICE DUBAI)

Fonte notizia: https://www.arabianbusiness.com/