ADNOC Holds Ninth Crude Tender Since June, Selling Over 100 Million Barrels

Abu Dhabi National Oil Company (ADNOC) held its ninth spot crude tender since June on Thursday, August 20, 2026 (29 Mordad 1405), offering oil for October and November loadings, as the UAE keeps pushing its oil production and exports higher despite the Hormuz crisis. According to Oilprice, citing Reuters, ADNOC offered Upper Zakum, Umm Lulu and Das crude grades in the tender.

Per the report, ADNOC is estimated to have sold more than 100 million barrels of crude in its previous eight spot tenders this summer. The UAE, which left OPEC on May 1, has found workarounds to the blockage of the strait by shuttling crude to larger vessels outside Hormuz and maximizing use of its onshore pipeline, allowing it to restore exports to pre-crisis levels as early as June. UAE oil output reached an all time record of 4.1 million barrels per day in June.