{
  "id": 17759308,
  "title": "Dr Sultan Al Jaber urges energy security overhaul as nearly billion barrels drawn from oil markets",
  "url": "https://urgent.news/2026/11/02/dr-sultan-al-jaber-urges-energy-security-overhaul-as-nearly-billion-17759308",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-02T06:18:24.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/energy/2026/11/02/dr-sultan-al-jaber-urges-energy-security-overhaul-as-nearly-billion-barrels-drawn-from-oil-markets/"
  },
  "original_language": "en",
  "account": "At the Adipec conference in Abu Dhabi, Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, warned that nearly one billion barrels have been removed from global oil inventories due to disruptions in the Strait of Hormuz, highlighting the need for a comprehensive approach to energy security. Dr Al Jaber emphasized that supply alone is insufficient; delivery is equally crucial. During the opening ceremony, he called for increased investment in supply infrastructure and artificial intelligence to bolster the energy industry's resilience against potential disruptions. He noted that while just-in-time production strategies have been effective, the recent disruption has revealed the importance of preparing for \"just in case\" scenarios. Shipping and logistics costs, once minimal, now account for over 30% of a barrel's cost, underscoring the heightened vulnerability of global supply chains. Dr Al Jaber identified five key priorities for enhancing energy security: accessible supply, routes to markets, operational intelligence, investment confidence, and human resources. He also stressed the importance of intelligent energy systems that can predict risks, enhance performance, and lower costs. The UAE, he stated, would continue advocating for dialogue, diplomacy, and political solutions to maintain stability in energy markets and the global economy. Dr Al Jaber highlighted that the UAE's energy leadership has been tested and proven through its resilience in challenging times.",
  "summary": "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, the Adipec conference in Abu Dhabi heard on Monday. “Simply put, the world has eroded its supply buffers,” said Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and managing director and…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}