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UAE slips hidden oil tankers through Strait of Hormuz
ADNOC moved at least 6 million barrels in April by turning off trackers and using ship-to-ship transfers, Kpler data showed.
- In April, the United Arab Emirates' Abu Dhabi National Oil Co and buyers sailed several tankers through the Strait of Hormuz with location trackers shut off, moving at least 4 million barrels of Upper Zakum and 2 million barrels of Das crude.
- The US-Israeli conflict that began on February 28 prompted Tehran to effectively shut the Strait of Hormuz to exports, forcing ADNOC to cut shipments by more than 1 million barrels per day from the 3.1 million barrels per day shipped last year.
- To bypass the blockade, ADNOC utilized ship-to-ship transfers, with one Upper Zakum cargo fetching a record $20 premium per barrel; the VLCC Hafeet conducted these transfers outside the strait to deliver oil to regional refineries.
- ADNOC intends to continue May loadings via ship-to-ship transfers, despite risks underscored by the UAE's accusation on Monday that Iran used drones to attack the ADNOC tanker Barakah passing through the Strait of Hormuz.
- The Strait of Hormuz closure and US blockade have pushed global oil prices over $100 a barrel, and these high-stakes transits reflect a new operational reality for global energy security amid the ongoing conflict.
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Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz
With their location trackers shut off to avoid Iranian attacks, the United Arab Emirates and buyers have recently sailed several tankers loaded with crude through the Strait of Hormuz in a bid to move...
·Annecy, France
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According to Al Arabiya, a UAE news outlet, citing Pakistani sources, an agreement has been reached between US President Trump and Iran to open the Strait of Hormuz. Accordingly, the parties will gradually reduce mutual blockades. This agreement includes the 14-point nuclear deal proposal offered to Tehran, which also includes the opening of facilities.
·Türkiye
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Total News Sources11
Leaning Left2Leaning Right4Center3Last UpdatedBias Distribution45% Right
Bias Distribution
- 45% of the sources lean Right
45% Right
L 22%
C 33%
R 45%
Factuality
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