According to Jin10, traders said Abu Dhabi National Oil Company (ADNOC) launched a tender for two light crude grades, with loadings scheduled between December and January. Buyers can choose Murban or Umm Lulu crude, with cargoes ranging from 500,000 to 2 million barrels. Buyers can also purchase on a cost-and-freight (C&F) basis, with delivery scheduled between December and February. The tender closes on November 2, and bids remain valid through November 4. One trader said this was ADNOC’s 12th crude tender since the conflict between the United States and Israel and Iran began in late February. The trader added that ADNOC rarely sells Murban through tenders, which may indicate ample supply.
