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The CEO of Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates said that global inventories have been depleted by nearly 1 billion barrels since the Strait of Hormuz was blocked.

2026-11-02

The CEO of Abu Dhabi National Oil Company (ADNOC) of the United Arab Emirates said that global inventories have been depleted by nearly 1 billion barrels since the Strait of Hormuz was blocked.

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2026-11-02

PBOC conducted 541 bn yuan of overnight reverse repos; 1 tln yuan of overnight reverse repos and 56 bn yuan of 7-day reverse repos matured, resulting in a net Withdrawal of 515 bn yuan.

PBOC conducted 541 bn yuan of overnight reverse repos; 1 tln yuan of overnight reverse repos and 56 bn yuan of 7-day reverse repos matured, resulting in a net Withdrawal of 515 bn yuan.
2026-11-02

ADNOC CEO said shipping and logistics now account for more than 30% of the per-barrel cost of crude after recent maritime disruptions.

ADNOC CEO said shipping and logistics now account for more than 30% of the per-barrel cost of crude after recent maritime disruptions.
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