Global oil reserves have fallen by a billion barrels — ADNOC chief on the consequences of the Middle East crisis
ADNOC CEO Sultan Al Jaber stated that, due to supply disruptions through the Strait of Hormuz, global oil reserves have fallen by approximately 1 billion barrels, and diesel reserves in a number of markets have reached their lowest level in 35 years. He called for expanding storage and refining capacity closer to consumers.
Aziz Karimov