International markets are facing a significant drop in diesel stocks due to the conflict in the Middle East, Abu Dhabi National Oil Company (ADNOC) CEO Sultan Ahmed Al Jaber said at the ADIPEC 2026 conference. From the collapse of the Strait of Hormuz, "in some markets diesel stocks are at their lowest seasonal level in 35 years," said the CEO. Markets are also facing the shortage of liquefied natural gas supplies, Al Jaber added.

International markets are facing a significant drop in diesel stocks due to the conflict in the Middle East, Abu Dhabi National Oil Company (ADNOC) CEO Sultan Ahmed Al Jaber said at the ADIPEC 2026 conference. From the collapse of the Strait of Hormuz, "in some markets diesel stocks are at their lowest seasonal level in 35 years," said the CEO. Markets are also facing the shortage of liquefied natural gas supplies, Al Jaber added.