Per WSJ
Saudi Aramco's Amin Nasser says limitations on oil supply could lead to a disrupted energy market. The chief executive said when the spare capacity is eroded, there will be little buffer left for interruptions or unforeseeable events.
Global crude il benchmark declined over the past four months falling to 11% in September.
Analysts and energy executives blame fears of a recession as the reason behind the price impact. Fear itself outweighed the impact of current demand and supply.