ADNOC Auctions Two Types of Light Crude Oil; Traders Say Supply Is Relatively Abundant
2026-10-27 21:38:25
According to CoinMeta, Abu Dhabi National Oil Company (ADNOC) has launched a crude oil tender to sell two types of light crude oil, with shipment scheduled between December and January. Buyers can choose to purchase crude oil from Murban (Murban) or Um Lu Lu (Umm Lulu), with each order ranging from 500,000 to 2 million barrels. Buyers also have the option to purchase on a "cost and freight" (C&F) basis, with delivery expected between December and February. The tender will close on November 2nd, and bids are valid until November 4th. Traders noted that this is the 12th crude oil tender conducted by ADNOC since the conflict between the US and Iran erupted in late February, and it is relatively rare to sell Murban crude oil through such tenders, which may indicate that current supply is sufficient.
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Source:Jin10 Data
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