World losing 100 million barrels a week of oil with Hormuz closed, Saudi Aramco chief says

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The CEO of Saudi Aramco warned that the world is losing 100 million barrels of oil weekly due to the closure of the Strait of Hormuz, attributed to ongoing conflicts in the region. He emphasized demand rationing and highlighted discrepancies between oil futures prices and actual market prices.

🇸🇦 Location: SA — Sources: 1 — First seen: — Last seen:
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