ADNOC sells over 12 million barrels of crude at premiums to Asian refiners amid tightening supplies and U.S.-Iran tensions.
Abu Dhabi National Oil Co sold at least 12 million barrels of spot crude to Asian
refiners and trading firms at premiums in its latest tender, as
renewed U.S.-Iran hostilities disrupted supplies and sparked a
buying spree, trade sources said on Wednesday.Oil flows through the Strait of Hormuz have fallen sharply
since fighting between the United States and Iran intensified
ADNOC issues its seventh crude tender since June, offering millions of barrels despite renewed threats to Hormuz and Red Sea…
Asian refiners are resuming purchases of U.S. spot crude cargoes as renewed disruptions in the Strait of Hormuz increase concerns…
Asian refiners have increased purchases of U.S. crude as escalating Middle East tensions and disruptions to shipping through the…
Available crude would need to be significantly discounted to prompt any more buying. Read more at straitstimes.com. Read more at…
ADNOC has reportedly purchased five supertankers to strengthen crude export logistics as regional conflict disrupts shipping and…
Asian refiners slow Middle East crude buying as Hormuz risk and high freight costs offset falling prices, even as Gulf producers…
