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Global diesel stocks have fallen to a 35-year low due to the conflict in the Middle East, ADNOC chief Sultan bin Ahmed Al-Jaber said. According to him, since the disruption of shipping in the Strait of Hormuz, almost a billion barrels of oil have been withdrawn from global reserves, and logistics costs have risen to 30% of the cost of a barrel.

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TASS · · Source

🇮🇷 Iran · Map

Global diesel stocks have fallen to a 35-year low due to the conflict in the Middle East, ADNOC chief Sultan bin Ahmed Al-Jaber said. According to him, since the disruption of shipping in the Strait of Hormuz, almost a billion barrels of oil have been withdrawn from global reserves, and logistics costs have risen to 30% of the cost of a barrel.

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