Ceraweek: Austria's OMV CEO says Middle East energy crisis surpasses crisis from Russia-Ukraine conflict

OMV Aktiengesellschaft

23/03/2026 21:54

HOUSTON, March 23 (Reuters) - The energy crisis in the Middle East is more significant than the crisis from Russia's invasion of Ukraine in 2022, the chief executive of Austria's OMV OMVV.VI said on Monday, as energy supplies have been removed from the global market instead of being rerouted.

"This is more significant, but of course, the key variable in there is how long will it take?" CEO Alfred Stern said on the sidelines of the CERAWeek energy conference in Houston.

 (Reporting by Stephanie Kelly; Editing by Chris Reese)

 ((Stephanie.Kelly@tr.com))