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ADNOC Keeps Loading LNG as Hormuz Risks Intensify - Crude Oil Prices Today | OilPrice.com

Source: Crude Oil Prices Today | OilPrice.com

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DW NOTE

ADNOC is loading LNG cargo from terminals *west* of Hormuz — Abu Dhabi's exports flow through the Arabian Sea, not the choke point that has been shut for 189 days. The headline conflates geographic risk with operational reality. What ADNOC actually faces is pricing power: with 10.1 million barrels per day still offline and Asian buyers desperate for non-Hormuz supply, every molecule leaving Ruwais commands a scarcity premium.

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Kuwait’s crude oil exports have rebounded to about 1 million barrels per day (bpd), recovering to two-thirds of the 1.6 million bpd shipped through the Strait of Hormuz before the Iran war, according to a senior official at state-owned Kuwait Petroleum Corporation (KPC). Kuwait has managed to ramp u

ADNOC Keeps Loading LNG as Hormuz Risks Intensify - Crude Oil Prices Today | OilPrice.com

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