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Market Chatter: Adnoc Reportedly Launches Second Tender to Sell Crude Oil from UAE

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Abu Dhabi National Oil Co., d/b/a Adnoc, reportedly launched a second tender to sell Upper Zakum, Umm Lulu, and Das crude cargoes for June to August loading.

The tender, set to close on Thursday, marks the state-owned oil group's second this week and allows buyers to bid for up to 2 million barrels of oil, Reuters reported Monday, citing trade sources.

Adnoc did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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