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UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom

1 source ·1 article ·17h ago

The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through the contested Strait of Hormuz.

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Bloomberg 1

All coverage · 1 article

Bloomberg Markets ·17h ago

UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom

The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through the contested Strait of Hormuz.