Dr Sultan Al Jaber urges energy security overhaul as nearly billion barrels drawn from oil markets
The disruption of shipping through the Strait of Hormuz has drained nearly one billion barrels from global oil inventories, exposing the need for a fundamental rethink of energy security, Dr Sultan Al Jaber, Minister of Industry and Advanced Technology has said. “Simply put, the world has eroded its supply buffers,” he said. “But, trust me, supply is only half the story. The other half is…
Dr Sultan Al Jaber, Minister of Industry and Advanced Technology, has called for a major overhaul of energy security after nearly one billion barrels were removed from global oil inventories due to shipping disruptions in the Strait of Hormuz. In his remarks at the opening of Adipec in Abu Dhabi, Al Jaber, who is also the managing director and group chief executive of Adnoc, stressed that supply alone is not enough to ensure energy security.
He emphasized that delivery is equally important and highlighted the need for increased investment in supply infrastructure and artificial intelligence to bolster the industry against future shocks. Al Jaber addressed OpenAI CEO Sam Altman, emphasizing the potential of AI to transform energy. He announced a partnership with OpenAI and G42 to deploy OpenAI Frontier across Adnoc's operations, aiming to make its systems smarter, safer, and more resilient.
The partnership was backed by Sheikh Khaled bin Mohamed bin Zayed, Crown Prince of Abu Dhabi. Al Jaber noted that the Iran war severely disrupted energy flows through the Strait of Hormuz and exposed weaknesses in global supply chains, leading to diesel stocks reaching their lowest levels in 35 years and a 600 billion cubic feet gap in LNG supplies.
He stressed that energy security must now be measured at the point of delivery, not just production, and outlined five priorities: accessible supply, routes to market, operational intelligence, investment confidence, and people. Al Jaber called for intelligent energy systems that can anticipate risks, improve performance, and reduce costs.
He also emphasized the need for intelligent investment strategies, where capital follows confidence, policies create it, finance accelerates it, and insurance keeps trade moving. The UAE, he said, would continue advocating for dialogue, diplomacy, and political solutions to maintain stability in energy markets and the global economy.
Al Jaber concluded by highlighting the UAE's model of pressure-tested resilience, where talent, capital, and investment have remained, ensuring economic movement even during disruptions.
Written by urgent.news from The National UAE's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
