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21.08.26 - 01:21
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ADNOC Issues Ninth Spot Crude Tender Since June As UAE Boosts Oil Exports (ZeroHedge)
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ADNOC Issues Ninth Spot Crude Tender Since June As UAE Boosts Oil Exports
Submitted by Tsvetana Paraskova of OilPrice.com
Abu Dhabi National Oil Company (ADNOC) has just issued its ninth spot tender offering crude oil to buyers for October and November loadings, as the United Arab Emirates (UAE) continues to push its oil production and exports higher despite the Hormuz crisis.
The UAE's national oil company is offering Upper Zakum, Umm Lulu, and Das crude grades pumped at fields inside the Persian Gulf in its ninth spot tender since June, sources in the trade industry told Reuters on Thursday.
In the previous eight spot tenders this summer, ADNOC is estimated to have sold more than 100 million barrels of crude to buyers.
As in the previous tenders, the ninth spot tender offers buyers the opportunity to buy cargoes on a free-on-board basis at UAE's Fujairah Storage, Zirku, or Das Island, or arrange ship-to-ship (STS) transfers at the Fujairah-Sohar range outside the Strait of Hormuz, accordin...
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20.08.26 - 18:18
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VAE: Wirtschaftliche Erholung trotz Iran-Krieg? (DW)
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Der Iran-Krieg setzt der Wirtschaft der Vereinigten Arabischen Emirate (VAE) zu: Einwohner haben das Land verlassen, Touristen ihre Reisen storniert. Zugleich betonen die Behörden, die Wirtschaft stabilisiere sich....
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20.08.26 - 09:42
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Wirtschaft der VAE: Am Abgrund oder auf Erholungskurs? (DW)
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Der Iran-Krieg setzt der Wirtschaft der Vereinigten Arabischen Emirate (VAE) zu: Einwohner haben das Land verlassen, Touristen ihre Reisen storniert. Zugleich betonen die Behörden, die Erholung habe bereits begonnen....
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19.08.26 - 22:45
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UAE cuts off trade with Iran after missiles land in water (The Hill)
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The United Arab Emirates (UAE) said Tuesday it was cutting off trade with Iran after the country detected two missiles fired from Iran. In a post on the social platform X, the UAE's Ministry of Foreign Affairs said in a statement that Afra Al Hameli, the director of the Strategic Communications Department at ministry, said......
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19.08.26 - 15:51
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UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington; Kpler Says US Navy Gaining Ground In Hormuz (ZeroHedge)
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UAE Cuts Ties As Iran Warns Gulf States Against Helping Washington; Kpler Says US Navy Gaining Ground In Hormuz
Iran's parliament speaker Mohammad Bagher Ghalibaf is visiting Baghdad while at the same time US Secretary of State Marco Rubio has spoken UAE National Security Adviser Sheikh Tahnoon bin Zayed Al Nahyan to discuss the Hormuz situation and security. Except of course the two sides aren't talking with each other.
President Trump has made clear that no talks are on, and that none are scheduled, as he's been floating a 'new' strategy to 'strangle' the Iranian economy over the long term. CNN reported Tuesday that White House officials have recently communicated that they are shifting their strategy — going from "hammer Iran ASAP" to "strangle them" over time.
US Navy file image/Reuters
As for Ghalibaf, he blasted War Secretary Pete Hegseth and Treasury Secretary Scott Bessent on Tuesday, mocking this new disengagement strategy, given the US has already failed...
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