Reportedly, UAE Energy Minister Sultan Al Jaber warned of potential disruptions in the Strait of Hormuz during the ADIPEC conference. He noted that nearly one billion barrels have been drawn from reserves and diesel stocks hit 35-year seasonal lows in some markets. Al Jaber also cited a 600 billion cubic feet LNG supply shortfall and rising oil logistics costs, urging diplomacy and preparedness. Additionally, he announced ADNOC will deploy OpenAI Frontier technology for field development and well management.
Published · Reported · see source attribution
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