How much crude oil has ADNOC sold so far this month, and to which regions and companies?

ADNOC has sold at least 30 million barrels of spot crude so far this month to Asian refiners and trading firms, including Indian Oil Corp and Bharat Petroleum Corp in India (6 million barrels combined), Eneos in Japan (3 million barrels of Das crude), GS Energy in South Korea (1 million barrels), Unipec in China (6–8 million barrels of Upper Zakum), Vitol (4 million barrels), Rongsheng Petrochemical (2 million barrels), and SK Energy in South Korea (7 million barrels of Umm Lulu crude). Sales were conducted via FOB from Fujairah, Zirku or Das Island, or via ship-to-ship transfers off the UAE, Oman or Malaysia.

What are the key crude grades sold by ADNOC, their origin, and how are they shipped?

ADNOC sold cargoes of Das, Upper Zakum, and Umm Lulu crude — all produced from fields inside the Gulf and requiring shipment through the Strait of Hormuz. The sales included loading between June and August, with pricing at flat to slight premiums over Dubai benchmarks on a cost-and-delivered basis via ship transfers at Fujairah, or on a free-on-board basis from storage at Fujairah or terminals at Zirku or Das Island, as well as via ship-to-ship transfers off the UAE, Oman or Malaysia; buyers also had the option of cost-and-freight delivery.

ADNOC sells at least 30 million barrels crude in supply boost, sources say

Jun 16, 2026

ADNOC sold at least 30 million barrels of spot crude to Asian refiners and traders this month, boosting exports amid the U.S.-Iran ceasefire. Major buyers included Indian, Chinese, Japanese, and Korean entities purchasing key Gulf crude grades.

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