ADIPEC 2026 Opens: Al Jaber Cites 1 Billion Barrel Inventory Drain
ABU DHABI – November 02, 2026 -- Nearly one billion barrels of crude have been drained from inventories since the Strait of Hormuz disruption, ADNOC Group CEO Sultan Al Jaber said at the opening of ADIPEC 2026, as he urged the energy industry to fundamentally rethink how it builds, protects and delivers secure energy.
Hosted by ADNOC under the patronage of UAE President Sheikh Mohamed bin Zayed Al Nahyan, the event is the largest in its history. Organisers expect 239,000 participants from more than 170 countries. The four-day programme runs until 5 November, with more than 1,800 speakers across 13 conference programmes and over 380 sessions.