ADNOC says India-UAE oil pact also explores potential crude storage in Fujairah as part of India's strategic petroleum reserve

The ADNOC announcement highlights a collaboration between India and the UAE to enhance India's strategic petroleum reserves, potentially indicating deeper energy ties amid evolving geopolitical dynamics.

Newsquawk StaffPublished 15 May 2026, 12:27 UTCOn the live feed at 12:07 UTC — 6 more headlines followed before this page went public

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12:12

China State Planner head tells Boeing (BA) CEO China welcomes and supports Boeing and Chinese companies in deepening practical cooperation based on commercial principles, via a statement

12:08

Spain's Treasury to sell 2031, 2033, and 2050 debt on May 21st

12:07

ADNOC says India-UAE oil pact also explores potential crude storage in Fujairah as part of India's strategic petroleum reserve

12:04

Strategy (MSTR) to repurchase USD 1.50bln of 2029 notes for estimated USD 1.38bln cash; to fund repurchases with cash, securities sales, and/or bitcoin sales

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Michael Carrick offered two-year deal, with the option of a third, to be Manchester United (MANU) manager, Guardian reports

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Context

This move could affect global oil supply considerations and security, potentially influencing market sentiment towards WTI and Brent prices. Traders should monitor how this development impacts oil flows and regional stability.

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