UAE’s Adnoc Buys Tankers for $1.3 Billion as Crude Exports Boom
The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed...
By Anthony Di Paola · Bloomberg Markets
The biggest oil producer in the United Arab Emirates spent $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.