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UAE slips hidden oil tankers through Strait of Hormuz
ADNOC moved at least 6 million barrels in April by turning off trackers and using ship-to-ship transfers, Kpler data showed.
- In April, the United Arab Emirates' Abu Dhabi National Oil Co and buyers sailed several tankers through the Strait of Hormuz with location trackers shut off, moving at least 4 million barrels of Upper Zakum and 2 million barrels of Das crude.
- The US-Israeli conflict that began on February 28 prompted Tehran to effectively shut the Strait of Hormuz to exports, forcing ADNOC to cut shipments by more than 1 million barrels per day from the 3.1 million barrels per day shipped last year.
- To bypass the blockade, ADNOC utilized ship-to-ship transfers, with one Upper Zakum cargo fetching a record $20 premium per barrel; the VLCC Hafeet conducted these transfers outside the strait to deliver oil to regional refineries.
- ADNOC intends to continue May loadings via ship-to-ship transfers, despite risks underscored by the UAE's accusation on Monday that Iran used drones to attack the ADNOC tanker Barakah passing through the Strait of Hormuz.
- The Strait of Hormuz closure and US blockade have pushed global oil prices over $100 a barrel, and these high-stakes transits reflect a new operational reality for global energy security amid the ongoing conflict.
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32 Articles
32 Articles
UAE Running Ghost Tankers Through Hormuz to Escape Iran’s Blockade
While conventional wisdom, especially after Trump’s counter-blockade of Iran’s blockade, holds that the Strait of Hormuz is completely blocked, the reality is that the UAE is now running loaded crude tankers through the Iranian-controlled Strait of Hormuz with transponders switched off
At least 6 million barrels of Emirate oil have been "spoiled" through Iran's blockade.
Market Screener+2 Reposted by 2 other sources
Hungry to sell, UAE slips hidden oil tankers through Strait of Hormuz
With their location trackers shut off to avoid Iranian attacks, the United Arab Emirates and buyers have recently sailed several tankers loaded with crude through the Strait of Hormuz in a bid to move...
·Annecy, France
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Total News Sources32
Leaning Left6Leaning Right5Center4Last UpdatedBias Distribution40% Left
Bias Distribution
- 40% of the sources lean Left
40% Left
L 40%
C 27%
R 33%
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