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ADNOC TRADING
Abu Dhabi proposes new oil-pricing system to mirror wider marketAbu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The compan...- At the gates of Hormuz, 80 million barrels of oil are on standbyLarge volumes of crude oil are waiting in the Persian Gulf and are ready to move through the Strait of Hormuz if shipping activity resumes ...
- India is set to rewrite its oil destiny, moving from risk to leverageIn a landmark agreement, India is teaming up with the UAE to significantly increase its oil reserves, transitioning into a strategic player...
- ADNOC trading chief Philippe Khoury flags August as tipping point for oil prices if Iran war supply crisis persistsOil prices may surge significantly in August claimed ADNOC's chief. This could happen if demand increases and the Iran war supply issues co...
- The Iran war is pushing the global gas trade into the shadowsAs the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by ad...
- Oil well the damage control machineryAs India grapples with escalating fuel and plastic costs, the situation is further exacerbated by supply disruptions in West Asia, jeopardi...
- New UAE oil pipeline bypassing Hormuz 50% complete ahead of 2027 startIran, which has attacked vessels to assert control over the Strait, has expanded its definition of the waterway to include the UAE's Gulf o...
- PM Modi likely to seek more energy supplies from UAE during short visit, sources sayIndian Prime Minister Narendra Modi will visit the UAE to discuss long-term energy supply deals and expand strategic oil reserves. The visi...
- UAE defends OPEC exit; Warns Hormuz must stay open amid West Asia tensionsThe UAE has exited OPEC and OPEC+ stating it is a sovereign decision. This comes after an ADNOC tanker was hit by Iranian drones in the Str...
- Why UAE left OPEC and what it means for global oil prices and supplyThe United Arab Emirates has exited OPEC and OPEC+. This move significantly weakens the oil cartel and its leader, Saudi Arabia. Analysts s...
- GAIL India to borrow Rs 5,000-6,000 crore in financial year 2027India's largest gas distributor GAIL plans significant borrowing for expansion in fiscal 2027. The company is also securing spot LNG cargoe...
- ADNOC gets CCI clearance to acquire Covestro for USD 16.4 billionIndia's competition watchdog, CCI, has greenlit Abu Dhabi National Oil Company's (ADNOC) substantial $16.4 billion acquisition of Covestro,...
- Abu Dhabi's ADNOC looks to raise up to $2 bln from IPO of gas unitCompanies from the Middle East raised some $21.9 billion through IPOs in 2022, more than half the total for the wider EMEA region, which al...
- UAE's ADNOC deepens supply cuts to Asia in June in 'fragile' marketThe cuts are part of the United Arab Emirates' (UAE) obligation under a pact between the Organization of the Petroleum Exporting Countries ...
- UAE's ADNOC to remove all destination restrictions for all its crudesIntercontinental Exchange Inc will launch ICE Futures Abu Dhabi (IFAD) and trade in Murban futures contracts this month.
- Govt allows ADNOC to export crude oil stored in Indian strategic reservesAdnoc and Saudi Aramco, the two companies that have shown interest in filling Indian strategic reserves, have been demanding the freedom to...
- UAE's ADNOC inks pact with IOC for base oil sales in IndiaThe total Indian market for finished lubricants is two million tonnes and is growing at the rate of 2.4 per cent per annum.
- Abu Dhabi oil company hires India's strategic oil storageADNOC had in February this year signed a pact to fill half of the 1.5 MT strategic oil storage at Mangalore. On Monday it signed a similar ...
- First crude oil cargo from Abu Dhabi departs for Mangalore's strategic crude oil reserveAl Jaber said that the strategic reserve project represents an important new energy partnership with India that leverages the UAE and ADNOC...
- Government to build 2 crude oil storages in Odisha, RajasthanAnnouncing the two new facilities at Chandikhol in Odisha and Bikaner in Rajasthan, Finance Minister Arun Jaitley in his Budget for 2017-18...
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