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World’s Energy Supply Buffers Have Been Eroded, ADNOC CEO Says
- Sultan Al Jaber said global oil inventories have fallen by nearly 1 billion barrels since the war in Iran disrupted shipping through the Strait of Hormuz.
- Al Jaber said some regions’ diesel stockpiles are at 35-year seasonal lows, while others face a 600-billion-cubic-foot liquefied natural gas supply gap.
- Al Jaber called for expanded strategic storage, larger product stockpiles, and flexible refining capacity near consumers.
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Global diesel stocks have fallen to their lowest levels in 35 years, said ADNOC CEO Sultan bin Ahmed Al Jaber
According to him, as a result of shipping disruptions in the Strait of Hormuz, nearly 1 billion barrels of oil have been removed from global reserves, and logistics costs have risen to as much as 30% of the cost per...
The world energy market faced an unprecedented shortage of diesel fuel, announced by Sultan bin Ahmed Al-Jaber, head of the Abu Dhabi National Oil Company (ADNOC), at the ADIPEC 2026 international exhibition.
Coverage Details
Total News Sources11
Leaning Left1Leaning Right8Center1Last UpdatedBias Distribution80% Right
Bias Distribution
- 80% of the sources lean Right
80% Right
R 80%
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