ADNOC CEO Says Global Energy Supply Buffers Have Eroded
ADNOC’s CEO said global inventories have fallen by nearly 1 billion oil barrels since the US-Israeli war on Iran disrupted Strait of Hormuz shipping. Diesel stockpiles in some areas are at 35-year lows.
The world has eroded its supply buffers by draining nearly 1 billion oil barrels from global inventories since the US-Israeli war on Iran disrupted shipping through the Strait of Hormuz, the CEO of Abu Dhabi's state-owned oil company ADNOC said.Diesel stockpiles in some areas are at 35-year lows fo…