PANews reported on May 10th that, according to Jinshi News, Saudi Aramco President and CEO Amin Nasser stated that global oil supply has decreased by approximately 1 billion barrels in the past two months. In a media interview that day, Nasser said that even if energy flows return to normal, the entire system will need time to return to normal. Saudi Aramco stated that the East-West pipeline is a vital supply artery, helping to mitigate global energy shocks and providing some assurance to customers affected by shipping restrictions in the Strait of Hormuz.