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ADNOC's tender to test buyers' willingness to load oil in Strait of Hormuz
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ADNOC's tender to test buyers' willingness to load oil in Strait of Hormuz
Abu Dhabi National Oil Company (ADNOC) has reportedly issued its fourth tender of June, offering Upper Zakum, Umm Lulu and Das crude for June to August loading, a move, which, as per the analysts, would gauge whether buyers are willing to load crude in the Strait of Hormuz following an interim peace deal between the United States and Iran. As per the reports, under the new contract, buyers can bid for up to two million barrels of crude oil. As …
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