NewsBreakNigeria
USD/NGN 1,331.28GBP/NGN 1,761.59USD/NGN black market ₦1,370GBP/NGN black market ₦1,850EUR/NGN 1,497.69JPY/NGN 8.44CAD/NGN 934.35
USD/NGN 1,331.28GBP/NGN 1,761.59USD/NGN black market ₦1,370GBP/NGN black market ₦1,850EUR/NGN 1,497.69JPY/NGN 8.44CAD/NGN 934.35

Oil Stockpile May Take 2 Years To Rebuild After Hormuz Reopens, Aramco CEO Warns

Nigeria could gain from higher crude prices but face pressure at the pump as Saudi Aramco’s chief executive warns that global oil stocks may take up to two years to rebuild after the Strait of Hormuz reopens. Aramco’s…

Aggregated · originally by Leadership
5 Oct 2026, 19:30 WAT · 3 min read
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Oil Stockpile May Take 2 Years To Rebuild After Hormuz Reopens, Aramco CEO Warns

Nigeria could gain from higher crude prices but face pressure at the pump as Saudi Aramco’s chief executive warns that global oil stocks may take up to two years to rebuild after the Strait of Hormuz reopens. Aramco’s…