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 US-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.