Trade sources said on Wednesday Abu Dhabi National Oil Company (ADNOC) sold at least 12 million barrels of spot crude at a premium to Asian refiners and trading houses in its seventh tender. Renewed US–Iran tensions have disrupted supply and sparked a buying scramble after shipments via the Strait of Hormuz fell earlier this month. ADNOC has been using shuttle tankers to transship cargoes to other vessels in the Gulf of Oman to sustain exports, and Asian refiners, facing shipping delays and tigh

2026-07-29

Trade sources said on Wednesday Abu Dhabi National Oil Company (ADNOC) sold at least 12 million barrels of spot crude at a premium to Asian refiners and trading houses in its seventh tender. Renewed US–Iran tensions have disrupted supply and sparked a buying scramble after shipments via the Strait of Hormuz fell earlier this month. ADNOC has been using shuttle tankers to transship cargoes to other vessels in the Gulf of Oman to sustain exports, and Asian refiners, facing shipping delays and tighter supply, have increased purchases of alternative grades and ADNOC cargoes.

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2026-07-30

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2026-07-29

CNN, citing three people familiar with recent Pentagon data and a new report, said US military weapons inventories have fallen sharply after recent escalations with Iran and the conflict shows no sign of ending in the near term. The Center for Strategic and International Studies (CSIS) said on Monday US Patriot interceptors number fewer than 827 and THAAD interceptors fewer than 278; sources say CSIS’s estimates align with internal US government data. CSIS warned lower inventories could force th