Energy

ADNOC Reports 15 Vessel Attacks as Hormuz Risks Mount

Abu Dhabi National Oil Company said attacks on its vessels and employees are having a significant impact on operations as the company tries to keep crude, gas and refined products moving through the Strait of Hormuz. Fifteen ADNOC vessels have been hit by missiles or drones since the war began, incl

Source: OilPrice.com

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DW NOTE

ADNOC operates the world's fourth-largest oil export terminal. Fifteen attacks on its vessels in a waterway that's been under convoy-only transit for four months is not a headline — it's confirmation that the Gulf supply corridor has moved from risk to casualty count. Brent at $82 prices in a reopening that hasn't happened yet.

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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 Reports 15 Vessel Attacks as Hormuz Risks Mount

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

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