[Saudi Aramco: The energy market has suffered an unprecedented impact] On October 22, Amin Nasser, President and CEO of the Saudi Arabian National Oil Company (Saudi Aramco), said in an interview that the current situation in the Middle East has caused an unprecedented impact on the energy market. In an exclusive interview broadcast on the 22nd, Nasser said that since the outbreak of the crisis, global crude oil supply has decreased by approximately 3 billion barrels compared to normal conditions. Without the release of global strategic reserves, oil prices would far exceed current levels. Nasser said that the Saudi East-West Oil Pipeline plays an important role in maintaining the supply of crude oil in the market. The pipeline's transportation capacity has been increased from about 2 million barrels per day to 7 million barrels per day. He predicts that after the situation returns to normal, the market's average daily crude oil demand will increase by about 3 million barrels for consumption and inventory replenishment. (CCTV News)