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Nearly 1 billion oil barrels drained from global inventories since Hormuz disruption, ADNOC CEO says

Middle East News

02-11-2026 | 01:51

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Nearly 1 billion oil barrels drained from global inventories since Hormuz disruption, ADNOC CEO says

Since shipping through the Strait of ‌Hormuz was disrupted by the U.S.-Israeli war on Iran, nearly 1 ⁠billion oil barrels have been drained from global inventories, the CEO of Abu Dhabi's state-owned oil ‌company, ⁠ADNOC, said on Monday.

The world has eroded its supply ⁠buffers, Sultan Al Jaber added.

Reuters

Middle East News

Shipping

Strait of ‌Hormuz

Israel

Iran

Abu Dhabi

⁠ADNOC

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