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Market Chatter: Adnoc Reportedly Restores Ruwais Refinery to Full Capacity After Drone Strike

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Abu Dhabi National Oil Co., or Adnoc, reportedly restored its Ruwais refinery to full capacity after it halted operations in March due to a fire caused by an Iranian drone strike, Bloomberg News reported Monday, citing people familiar with the matter.

The refinery returned to processing 922,000 barrels of crude daily a month ago, with fuel exports reaching 70% of prewar levels, the report added.

The state-owned oil company 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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