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ADNOC has told some oil buyers to pick up Gulf supply outside the Strait of Hormuz, as producers look to diversify to other routes and bring their oil to the market, Bloomberg reports

ADNOC's directive to oil buyers to source supply outside the Strait of Hormuz indicates a strategic shift in logistics, likely aimed at minimizing geopolitical risks in this pivotal shipping route.

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  • ADNOC has told customers of the availability of cargoes for loading off Fujairah. 
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This move could impact oil prices if it suggests heightened security concerns or supply chain diversifications, while also potentially influencing the WTI benchmarks and broader commodity markets depending on how other producers respond.

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