UAE tells some oil buyers to take Gulf supply outside Hormuz

UAE tells some oil buyers to take Gulf supply outside Hormuz

The Star Online - Business·2026-04-29 19:01

Abu Dhabi National Oil Co. has informed some term customers of the availability of cargoes for loading off Fujairah, outside the Persian Gulf, as producers explore different routes to bring their oil to market.

The United Arab Emirates state-owned producer told its buyers they could pick up cargoes of grades including Upper Zakum via ship-to-ship transfer off Fujairah, said traders who asked not to be identified as negotiations are private. The cargoes are mainly available for loading in May, they added. 

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