Sultan Al Jaber on Hormuz recovery, spare capacity and investment
At Atlantic Council, ADNOC’s CEO described prolonged Hormuz recovery, low spare capacity and the need to rebuild inventories and invest in supply infrastructure.
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At Atlantic Council, ADNOC’s CEO described prolonged Hormuz recovery, low spare capacity and the need to rebuild inventories and invest in supply infrastructure.
Taped April 23 and aired April 26, Wirth described Hormuz exposure, inventory drawdowns and uneven recovery times for damaged production and LNG infrastructure.
At CERAWeek, Lance said losing 8–10 million barrels per day of oil and roughly one-fifth of LNG supply would have major consequences and force inventory and futures-curve adjustments.
In a 10 March Reuters interview, ExxonMobil CEO Darren Woods said non-essential staff had left Middle East operations and some activity was being scaled back to manage inventories as Hormuz shipping was challenged.
Bloomberg reported on 28 April that Shell CEO Wael Sawan saw Hormuz-related oil and LNG shortages lasting for months and possibly into 2027, after large supply losses were partly replaced by inventory drawdowns.
CNBC’s verified YouTube channel published its CERAWeek conversation with TotalEnergies CEO Patrick Pouyanné on 24 March. The source does not state the exact recording day.
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