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The Latest Breaking News from ADNOC

ADNOC launches ninth spot crude tender since June, sources say

Abu Dhabi National Oil Company is offering spot crude oil in a tender. This tender is for Upper Zakum, Umm Lulu, and Das crude oil. Bids are due by August twenty-fourth and will remain valid until August twenty-sixth. Buyers can purchase on a free-on-board basis or arrange ship-to-ship transfers. The…

The Economic Times

UAE halts all trade and financial dealings with Iran

Abu Dhabi announced the suspension after Iran fired two ballistic missiles toward the country on Tuesday. The move severs ties with what had been a major trading partner for sanctioned Iran, as crude flow through the Strait of Hormuz has fallen to less than a quarter of pre-war levels.

Euronews

United Arab Emirates suspends trade with Iran after coming under renewed missile fire

The United Arab Emirates has suspended all trade with Iran after it said it had come under renewed fire from the country

The Independent UK

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UAE Secures Global Energy Lifeline Through Strategic Logistics and Infrastructure

In times of heightened volatility in global energy markets, the importance of producing countries is not measured solely by the number of barrels they can extract, but by their logistical capacity to deliver those commodities to buyers when traditional routes face severe bottlenecks.

inkl

Oil Price Today (August 17): Crude oil approaches $90 again amid no breakthrough in Iran war talks. What’s next?

Over the weekend, Iranian Foreign Minister Abbas Araqchi said Iran had not decided to resume talks with the U.S. Meanwhile, U.S. President Donald Trump called on Americans to accept slightly higher gasoline prices while the conflict continues.

The Economic Times

Iran fires back at Trump's threat to declare Hormuz a U.S. territory

Iran asserts control over the Strait of Hormuz, rejecting US President Donald Trump's claims. Trump stated he would declare the strait US territory after defeating Iran. An unnamed White House official later clarified Trump was joking about the declaration. Attacks in the strait continue, impacting regional shipping and oil prices…

The Economic Times

Iran fires back at Trump’s Hormuz takeover threat

TEHRAN - Iran on Saturday fired back at US President Donald Trump’s claim that he would soon declare the Strait of Hormuz part of US territory, saying the crucial energy waterway it has blockaded “will remain Iranian”.

Bangkok Post

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Israeli strike kills 7 in Lebanon, a vessel attacked in Hormuz and other news from the Middle East

An Israeli airstrike has killed seven people in Lebanon, marking one of the deadliest incidents since a truce with Hezbollah began in June

The Independent UK

2 UAE tankers attacked while transiting Strait of Hormuz

The United Arab Emirates accused Iran of conducting drone strikes on two oil tankers navigating the strategic Strait of Hormuz. Meanwhile, activists delivered crucial aid to Palestinians facing aggression from Israeli settlers in the West Bank. In a separate conflict, Yemen's military thwarted Houthi incursions, and a drone was successfully…

The Economic Times

2 UAE tankers attacked while transiting Strait of Hormuz, and other news from the Middle East

The United Arab Emirates is blaming Iran for firing drones at two tankers operated by a state-owned oil company as they sailed through the Strait of Hormuz, saying Friday the attacks represented acts of piracy

The Independent UK

UAE points finger at Iran as two ADNOC ships attacked in Strait of Hormuz

Two Abu Dhabi National Oil Company vessels faced attacks in the Strait of Hormuz. The United Arab Emirates accused Iran of carrying out these hostile attacks. This incident marks the second such attack on ADNOC vessels within a week. Iran's Revolutionary Guards were accused of piracy and using the strait…

The Economic Times

Israeli minister calls for police to replace military in handling West Bank settlers

Israel's Defence Minister Israel Katz called Friday for the police to take over law enforcement in the occupied West Bank from the military. Settlers there have been attempting to force Palestinian residents from their homes for nearly a week, intensifying efforts to seize more land. Read about the day’s events…

France 24

Iran says Hormuz won’t reopen until US ‘corrects’ its behavior

Iran issued new demands for the Strait of Hormuz reopening and the UAE reported an Iranian missile attack. Yemen's military launched attacks against Iran-backed Houthi rebels in response to recent strikes. Turkey's parliament approved a draft law advancing peace efforts with Kurdish insurgents. The Strait of Hormuz remains crucial for…

The Economic Times

Iran issues tough demands to reopen strait of Hormuz as deal still out of reach

Tehran urges US to ‘correct its behaviour’ as UAE says one of its ships targeted by Iranian missile

The Guardian - UK

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The Economic Times

UAE-India: More than just energy

India's rapid economic growth positions it as a key partner for the UAE. The two nations are enhancing trade and industrial collaborations significantly. They aim to build resilient energy and commodity supply chains together. Industrial partnerships will support India's manufacturing ambitions and technological advancements. This collaboration will power India's digital…

The Economic Times

Hormuz oil shuttling trade is picking up again after lull

Producers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rely on Hormuz transits.

The Economic Times

QatarEnergy-controlled LNG tanker exits Hormuz, first in nearly three weeks

A QatarEnergy LNG tanker exited the Strait of Hormuz, the first since July 11. Ship transits through the Hormuz waterway increased on Wednesday from previous days. Commodity ship traffic through the Bab el-Mandeb strait slowed down on Wednesday. Crude loadings from Yanbu fell significantly after a Houthi blockade was declared.

The Economic Times

UAE to invest $6.2 billion in Abu Dhabi gas project

Abu Dhabi's state oil company ADNOC will invest $6.2 billion in a new gas project. This offshore development is a joint venture with international energy companies. The project aims to produce gas volumes starting from the year 2030. The move aims to expand the UAE's liquefied natural gas platform. It…

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The Economic Times

Global Market: Asian refiners turn to cheaper Gulf oil despite Saudi price cuts

Saudi Arabia significantly reduced crude oil prices for Asian buyers this month. Rival Gulf producers are offering better value and deeper discounts to attract customers. Higher transportation costs from within the Persian Gulf also reduce Saudi crude's appeal. Weak demand across Asia, especially in China, further impacts Saudi oil sales.

The Economic Times

One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz

Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to…

The Economic Times

Abu Dhabi proposes new oil-pricing system to mirror wider market

Abu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The company is considering setting official selling prices for Upper Zakum, Das, and Umm Lulu grades based on a differential to the Dubai benchmark, a move that could…

The Economic Times

The U.S. is using an Iranian smuggling tactic to sneak oil out of the Gulf

America's military is secretly guiding oil tankers in the Gulf of Oman. This operation uses drones and helicopters to help ships transfer oil. The goal is to keep energy exports flowing despite Iranian actions. At least 92 ships have been involved in these transfers since May. This method mirrors Iran's…

The Times of India

UAE job fair offers 1,000 vacancies in AI, engineering; attracts 4,500 Emirati job seekers

More than 4,500 Emirati job seekers flocked to the Industrialists Career Exhibition 2026 in Abu Dhabi, where over 1,000 vacancies were offered across engineering, manufacturing, artificial intelligence, digital technology and other future-focused sectors.

Euronews

SOCAR, TotalEnergies and ADNOC lock in Caspian gas supply deal

Azerbaijan's SOCAR signed a long-term deal with TotalEnergies, ADNOC's investment arm XRG and Turkey's BOTAŞ to export gas from the Absheron offshore field from 2029, bolstering the Southern Gas Corridor that Europe has increasingly relied on in recent years.

The Economic Times

The Iran war is pushing the global gas trade into the shadows

As the Strait of Hormuz remains under Iranian control amid the ongoing West Asia conflict, Qatar has quietly resumed some LNG exports by adopting tactics more commonly associated with the oil industry's “shadow fleet.” LNG carriers are increasingly switching off transponders, travelling in pairs, and making “dark transits” through the…

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