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The CEO of ADNOC Oil Company, Sultan Al Jaber, said that diesel reserves in some areas have reached a 35-year low for the current period of the year. As Kommersant writes, due to the disruption of shipping in the Strait of Hormuz, almost a billion barrels of oil were withdrawn from global storage facilities, and transportation and logistics costs increased from 5% to 30% of the cost of the barrel.

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The CEO of ADNOC Oil Company, Sultan Al Jaber, said that diesel reserves in some areas have reached a 35-year low for the current period of the year. As Kommersant writes, due to the disruption of shipping in the Strait of Hormuz, almost a billion barrels of oil were withdrawn from global storage facilities, and transportation and logistics costs increased from 5% to 30% of the cost of the barrel.

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