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ADNOC
UAE hits record oil exports after OPEC exit
The United Arab Emirates pushed crude oil and condensate exports to a record high in June, averaging about 3.7 million barrels per day, according to ship-tracking data from Kpler and Vortexa cited by Reuters. The milestone marks the UAE's emergence…
ADNOC proposes new crude pricing system after UAE’s OPEC exit
Abu Dhabi National Oil Co. is proposing a new pricing methodology for crude sales to long-term customers, a move that would bring the UAE's largest oil producer more in line with regional trading norms, according to people with knowledge of…
Asian refiners balk at Gulf oil rush after Hormuz reopening
The signing of an interim U.S.-Iran deal this week has set the stage for the Strait of Hormuz to reopen, but Indian and East Asian refiners are in no hurry to resume large-scale Middle Eastern crude purchases — even as…
ADNOC tells buyers to resume crude loading inside Gulf
Abu Dhabi National Oil Company has instructed its term buyers to resume loading crude oil from ports inside the Persian Gulf, marking a concrete step toward normalizing maritime commerce in the region following the US-Iran agreement signed earlier this week.