Economy
ADNOC chief: Nearly one billion barrels drawn from global inventories due to disruption in the Strait of Hormuz
WHAT TO KNOWFrom LBCI
Sultan Al Jaber, CEO of Abu Dhabi National Oil Company (ADNOC), announced on Monday that since shipping through the Strait of Hormuz was disrupted because of the Iran war, nearly one billion barrels of oil have been drawn from global inventories. He said the world had depleted its precautionary reserves of…
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