Saudi Aramco’s Chief Executive Officer Amin Nasser stated that the global market has been deprived of nearly one billion barrels of oil over the past two months because of the ongoing war. In a statement to Reuters, he said that although energy supply is gradually returning to normal, it will take time for the entire system to fully recover. Nasser emphasized that the company’s goal remains to maintain energy supply despite existing pressures on the system.

Earlier, Saudi Aramco reported that its net profit for the first quarter of 2026 reached 120.13 billion Saudi riyals, equivalent to about 32.5 billion US dollars. This represents a 25.5 percent increase compared to the same period last year, which the company attributed to higher oil sales.

The company’s statement highlights both the short-term supply challenges caused by the war and the resilience of its financial performance amid global market disruptions.