Saudi Aramco CEO: Oil market may face 'catastrophic consequences' BlockBeats News: On March 10th, according to the Financial Times, Amin Nasser, CEO of Saudi Aramco, the world's largest oil company, stated on Tuesday that the longer the Middle East conflict persists, the "catastrophic consequences" it will have on the oil market and the "dramatic" impact on the global economy. Nasser's warning is Saudi Aramco's first public comment on the ongoing conflict sparked by the US and Israel's attacks on Iran earlier this month. He stated in a media conference call that Saudi Aramco will be able to export approximately 5 million barrels of crude oil per day from the western port of Yanbu within a few days in response to the 'biggest crisis facing the oil and gas industry in the region'. Due to Iran's threat to shipping near the Strait of Hormuz, other ports of Saudi Aramco are no longer able to operate normally, making Yanbu Port the only available export channel at present.