Aramco Sees Growing Demand for Oil Storage Facilities -- Market Talk
Dow Jones2026/11/03 10:441044 GMT - Saudi Aramco is receiving numerous requests from customers and international partners for additional oil storage facilities as prolonged supply disruptions prompt countries and companies to reassess their inventories. Chief executive Amin Nasser says the company is working to meet the requests, with some countries holding reserves sufficient for only a few days of consumption. He estimates that filling newly developed storage facilities could require an additional 1 million barrels a day of oil supply, on top of roughly 2 million barrels a day needed over two years to replenish depleted inventories if disruptions ended immediately. (farhan.rafid@wsj.com)
(END) Dow Jones Newswires
November 03, 2026 05:44 ET (10:44 GMT)
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