Energy

ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping

Amid tightened vessel supply due to the Middle East crisis, Abu Dhabi’s national oil company ADNOC has paid about $590 million to buy five supertankers to better manage its crude deliveries, Reuters reported on Friday, quoting sources with knowledge of the deal. ADNOC has acquired the five very la

Source: OilPrice.com

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DW NOTE

ADNOC is buying ships during a transit crisis, which means the company expects the crisis to persist long enough to justify owning rather than chartering. That's not a bet on diplomacy — it's vertical integration against a chronic choke point.

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

For the first four months of the war between the United States and Israel and Iran, oil traders remained largely bearish. The overwhelming expectation was that the war would end soon—even as July rolled around—and oil flows out of Hormuz would recover. Instead, the world is slipping into a fuel shor

ADNOC Buys Five Supertankers as Hormuz Crisis Tightens Shipping

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Hedge Funds Pile Into Fuels as U.S. Supply Squeeze Deepens

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