https://gnosly.com/feed/adnoc/Business Intelligence Console and Prediction Algorithms3747<p>Sultan al-Jaber, CEO of the Abu Dhabi National Oil Company (ADNOC), says the world’s energy buffers have eroded since the launch of the US-Israel war on Iran, with nearly one billion barrels of oil drained from global inventories. </p><p>Al-Jaber told an energy conference in Abu Dhabi that shipping and logistics costs have surged to more than 30 percent of the cost of a barrel of oil, compared with 5 percent before the war. </p><p>He added that diesel stocks in some markets have fallen to 35-year lows for this time of year. “This new reality means we need expanded strategic storage and flexible refining capacity closer to consumer markets,” he said.</p>https://aje.news/0ppjsk0.00202026-11-02T07:42:37.830618+00:005aljazeera.comenergyoiladnoc3638https://www.aljazeera.com/wp-content/uploads/2026/11/2026-10-07T064344Z_1995558323_RC26YNAS5J2N_RTRMADP_3_ENERGY-EMIRATES-1793600997.jpg?w=770&resize=770%2C699&quality=80Sultan al-Jaber, the CEO of the Abu Dhabi state oil company ADNOC [File: Rula Rouhana/Reuters]2026-11-02T07:42:39.326472+00:00