ADNOC Issues Seventh Crude Tender Since June Despite Hormuz, Red Sea Risks | EN590 Commodities
EN590 Commodities GroupCrude Oil July 24, 2026
ADNOC Issues Seventh Crude Tender Since June Despite Hormuz, Red Sea Risks Abu Dhabi National Oil Company ADNOC has issued its seventh tender offering crude from the United Arab Emirates since the beginning of June, expecting to sell millions of barrels of oil between August and October, both from within and outside the Persian Gulf. Despite the renewed threats to supply from the Strait of Hormuz and the new threats to shipping in the Red Sea by the Iran-aligned Houthis in Yemen, ADNOC is inviting interested buyers to bid by the middle of next week for crude loading between August and October, Reutersreportedon Friday, citing trade sources. ADNOC is estimated to have sold more than 74 million barrels of crude to buyers in the previous tenders since early June, by running a kind of shuttle
About EN590 Commodities Group
25+ years in mineral exploration and extraction. 15+ years of global commodity trading. Based in New York, USA serving 75+ countries.