[President of Saudi Aramco: Global crude oil inventories are approaching “dangerous lows”] On October 14, Saudi Aramco President and CEO Amin Nasser stated at the 25th World Petroleum Council Energy Conference (World Petroleum Conference) on the 12th that global crude oil inventories are approaching “extremely dangerous” lows, and it may take two years to return to normal levels. Affected by the situation in the Strait of Hormuz, the global energy supply chain continues to be under pressure, and crude oil supply tension has intensified. Nasser said that current commercial onshore oil inventories are below 6 billion barrels, which is the "last available buffer", but the vast majority of these inventories cannot actually be used by the market. Nasser believes that as global crude oil consumption demand continues to rise, even if the Strait of Hormuz is fully reopened in the short term and market confidence is fully restored, it will take at least two years of "overloaded overtime production" to completely replenish depleted inventories.