ADNOC Sells UAE Crude at Premiums to Asian Refiners in Seventh Tender
Abu Dhabi's ADNOC secured premium prices from Asian refiners in its seventh crude tender, signaling strong regional demand.
Abu Dhabi National Oil Company secured premium prices from Asian refiners in its seventh consecutive crude oil tender, according to sources familiar with the deals, underscoring persistent demand from the region's largest buyers for Middle Eastern supply.
The tender outcome marks a continued streak of above-benchmark pricing for ADNOC, suggesting Asian refiners — particularly those in China, India, South Korea, and Japan — remain willing to pay up for reliable Gulf crude despite ongoing pressure on refining margins globally.
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ADNOC's repeated success in extracting premiums across seven tenders reflects a broader tightening of Middle Eastern crude availability for Asian customers, a trend shaped by OPEC+ production discipline and competing demand from European buyers seeking alternatives to Russian barrels.
The results carry implications for oil price benchmarks and regional energy markets, as premium outcomes in successive tenders can reinforce pricing power for Gulf producers and influence contract negotiations for term supplies throughout the year.
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