- Country: Russia
Global Oil Reserves Reduce by 1Bln Barrels Due to Strait of Hormuz Blockade - ADNOC CEO
ABU DHABI (Sputnik) - A military conflict around Iran and the effective closure of the Strait of Hormuz have resulted in a reduction of global oil reserves by 1 billion barrels, Sultan Al Jaber, the UAE's industry and advanced technology minister and CEO of the Abu Dhabi National Oil Company…