The CEO of Adnoc, Sultan al-Jaber, warned this week that Middle East oil production won’t fully recover until next year: “Even if this conflict ends tomorrow, it will take at least four months to get back to 80% of pre-conflict flows, and full flows will not return before the first or even second quarter of 2027.”
Mr Jaber’s assessment is the most pessimistic yet on the outlook for regional production. Last week, Aramco CEO Amin Nasser said that if the Strait of Hormuz remained shut for a few more weeks, the normalization might take until 2027 (MEES, 15 May). (CONTINUED - 190 WORDS)
