Saudi Aramco Warns of Long Oil Supply Disruption

Saudi Aramco Chief Executive Officer Amin Nasser warned of a long disruption to oil markets from the near closure of the Strait of Hormuz, while the company reported a jump...

By Bloomberg Markets · Bloomberg Markets

Saudi Aramco Chief Executive Officer Amin Nasser warned of a long disruption to oil markets from the near closure of the Strait of Hormuz, while the company reported a jump in profit following higher prices and its ability to redirect exports via a pipeline bypassing the vital waterway. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)