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Breaking Posted 1 hour ago

Global Oil Inventories Depleted by 1 Billion Barrels, ADNOC Warns

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ADNOC chief Sultan Al Jaber said near 1 billion barrels have been drawn from global crude stocks following Middle East disruptions and Strait of Hormuz traffic losses. Diesel stocks in some markets hit seasonal lows. Energy markets face tighter supply buffers; crude prices supported by inventory depletion fears. Traders watch for further refining constraints and storage rebuilds.
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