UAE's Adnoc buys US$1.3 bil of tankers as oil exports boom

Anthony Di Paola / Bloomberg08-07

The United Arab Emirates spent US$1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left Opec.(Aug 7): The biggest oil producer in the United Arab Emirates...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2657621910?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-07 10:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2657621910","market":"sg","top_or_hot":-1,"title":"UAE's Adnoc buys US$1.3 bil of tankers as oil exports boom","media":"Anthony Di Paola / Bloomberg","content":"<div>\n<p>The United Arab Emirates spent US$1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left Opec.(Aug 7): The biggest oil producer in the United Arab Emirates...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/oil-gas/uaes-adnoc-buys-us13-bil-tankers-oil-exports-boom?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n","source":"edge_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UAE's Adnoc buys US$1.3 bil of tankers as oil exports boom</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUAE's Adnoc buys US$1.3 bil of tankers as oil exports boom\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-08-07 10:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/oil-gas/uaes-adnoc-buys-us13-bil-tankers-oil-exports-boom?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Anthony Di Paola / Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The United Arab Emirates spent US$1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left Opec.(Aug 7): The biggest oil producer in the United Arab Emirates...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/oil-gas/uaes-adnoc-buys-us13-bil-tankers-oil-exports-boom?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"USO","symbol_name":"美国原油ETF","start_time":0,"source_url":"https://www.theedgesingapore.com/news/oil-gas/uaes-adnoc-buys-us13-bil-tankers-oil-exports-boom?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","article_id":"2657621910","we_media_id":null,"thumbnails":[],"rights":{"source":"edge_highlight","url":"https://www.theedgesingapore.com/news/oil-gas/uaes-adnoc-buys-us13-bil-tankers-oil-exports-boom?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2657621910","pubTimestamp":1786069233,"columns":[],"sourceInfo":{"source_id":"edge_highlight","name":"Edge"},"weMediaInfo":null,"summary":"The United Arab Emirates spent US$1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left Opec.","collect":0,"end_time":0,"defaultTopTitle":"theedgesingapore.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"USO":"美国原油ETF","ERX":"二倍做多能源ETF-Direxion","USE":"USCF Energy Commodity Strategy Absolute Return Fund","BWET":"BREAKWAVE TANKER SHIPPING ETF","USL":"United States 12 Month Oil Fund LP","USOI":"ETRACS Crude Oil Shares Covered Call ETN","OIH":"石油服务ETF","BNO":"美国布伦特原油基金有限合伙企业","DRIP":"Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares","IEO":"iShares Dow Jones U.S. Oil & Gas","GUSH":"Direxion Daily S&P Oil &Gas Exp. & Prod. Bull 2X Shares","DIG":"二倍做多美国油气指数","XES":"SPDR S&P Oil & Gas Equipment & Services ETF","BK4588":"碎股","OILK":"ProShares K-1 Free Crude Oil ETF","OILT":"Texas Oil Index ETF","WTIU":"MICROSECTORS ENERGY 3X LEVERAGED ETN","IXC":"全球能源业ETF-iShares","VDE":"Vanguard Energy ETF","PXE":"Invesco Energy Exploration & Production ETF","XLE":"SPDR能源指数ETF","DRLL":"Strive U.S. Energy ETF","OILU":"MicroSectors Oil & Gas Exp. & Prod. 3x Leveraged ETN","BOAT":"SonicShares Global Shipping ETF","UCO":"二倍做多彭博原油ETF","DBO":"原油ETF-PowerShares","XOP":"油气开采指数ETF-SPDR S&P","UGA":"United States Gasoline Fund LP","SCO":"二倍做空彭博原油指数ETF","BK4570":"地缘局势概念股","FBZ":"First Trust Brazil AlphaDEX Fund","DBC":"商品指数ETF-PowerShares DB","UAE":"iShares MSCI UAE ETF","PXJ":"Invesco Oil & Gas Services ETF","DUG":"二倍做空石油与天然气ETF(ProShares)","BK4585":"ETF&股票定投概念","DBE":"能源商品ETF-PowerShares","FTXN":"First Trust Nasdaq Oil & Gas ETF"},"translate_title":"随着石油出口繁荣，阿联酋国家石油公司斥资13亿美元购买油轮","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XLE":1.5,"USE":1.5,"USO":1.5,"IXC":1.5,"GUSH":1.5,"PXJ":1.5,"XES":1.5,"FBZ":1.5,"DRIP":1.5,"FTXN":1.5,"DIG":1.5,"XOP":1.5,"OILU":1.5,"DBC":1.5,"USL":1.5,"UCO":0.6,"USOI":1.5,"UAE":1.5,"VDE":1.5,"DRLL":1.5,"SCO":0.6,"DUG":1.5,"OILT":1.5,"BOAT":1.5,"DBE":1.5,"DBO":1.5,"WTIU":1.5,"ERX":1.5,"PXE":1.5,"BNO":1.5,"OIH":1.5,"OILK":1.5,"IEO":1.5,"UGA":1.5,"BWET":1.5},"content_text":"The United Arab Emirates spent US$1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left Opec.(Aug 7): The biggest oil producer in the United Arab Emirates spent US$1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left Opec and pushed more of its oil through the contested Strait of Hormuz.\nAbu Dhabi National Oil Co's (Adnoc) shipping arm almost doubled the number of its very large crude carriers (VLCCs), which can carry about two million barrels of crude, to 14 from eight, according to a statement. It also bought five ships that carry fuels like propane. \nWhile much of the transit via the Strait of Hormuz has been choked off because of the war between the US and Iran, Adnoc has moved more crude through it than any other producer over the past two months. The company also announced that it left the Organization of the Petroleum Exporting Countries (Opec), a decision that in the longer-term means it will likely lift output and need more ships to do so. \nOil tanker markets have been shaken up this year after a South Korean tycoon, with backing from a unit of the world's biggest container shipping company, snapped up dozens of supertankers. Even prior to the Iran war, those efforts were propelling tanker earnings higher, but they've also added to reasons for producers to want to secure vessels for themselves, with a senior industry executive saying earlier this year that companies have been scrambling for tonnage.\nThroughout the Iran war, Adnoc has used its own vessels and chartered tankers to shuttle crude and refined products, often under cover of darkness and with military escort, out of the Gulf where the barrels can be transferred to other ships. \nThe UAE has also been able to route oil through a cross-country pipeline skirting Hormuz. Since the pipeline can carry less than half of the roughly 3.6 million barrels a day of crude the UAE has exported over the past two months, tanker availability has proved key.\nSaudi Arabia, which also owns a large tanker fleet, has been relying on its own pipeline, pumping crude from its fields near the Gulf across the Arabian peninsula to the Red Sea for export.\nAdnoc L&S bought all six of the VLCCs and three of the very large gas carriers (VLGCs)on the secondary market and the company will take delivery of the vessels this quarter. The two remaining VLGCs are newbuilds that will be delivered in the fourth quarter.\nUploaded by Felyx Teoh","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2657621910","isCrawlerRequest":true}