World’s energy supply buffers have been eroded, ADNOC CEO says
- The global oil supply buffers have been significantly depleted, with nearly 1 billion barrels drained since the US-Israeli war on Iran interrupted shipping in the Strait of Hormuz.
- Diesel stockpiles in certain regions are at a 35-year low for this time of year, while some areas are experiencing a liquefied natural gas supply gap of 600 billion cubic feet.
- Diesel prices have reached record highs due to wartime supply disruptions, impacting inflation and the cost of living for governments and consumers.
