ADNOC sold over 12 million barrels of spot crude to Asian refiners at premiums following supply disruptions from U.S.-Iran hostilities. Major buyers included Indian Oil and Chinese majors, marking the
Iran attacked the UAE, striking a Vitol-owned oil terminal in Fujairah and igniting a large fire in an industrial zone. Consequently, Brent crude prices surged nearly 6% to approximately $114 per barr
The VTTI oil terminal in Fujairah was struck by an Iranian drone attack, causing a large fire amid escalating strikes near the Strait of Hormuz. The facility, jointly owned by IFM Global, Vitol, and A
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