Nearly 1 billion oil barrels drained from global inventories since Hormuz disruption, ADNOC CEO says
USO•Nearly 1 billion barrels have been drained from global oil inventories since shipping through the Strait of Hormuz was disrupted, ADNOC CEO Sultan Al Jaber said.
1. Inventories depleted
Since shipping through the Strait of Hormuz was disrupted by the US-Israeli war on Iran, nearly 1 billion oil barrels have been drained from global inventories, ADNOC CEO Sultan Al Jaber said on Monday. He added that the world has eroded its supply buffers.
