ENA NEWS · Crude Trading
ADNOC Trading Takes Lead in Discounted Iraqi Crude
ADNOC agreed to buy 32 million barrels of Iraqi crude for August and another 40 million for September, according to a Reuters source, becoming the largest lifter in both months. Most third-party barrels are expected to feed Ruwais while more UAE crude is marketed internationally. The strategy links discounted SOMO supply, refining optimisation and an expanding tanker fleet.
News summary. Original reporting is linked below.
Read original source · Reuters