06:08 AM EDT, 07/13/2026 (MT Newswires) -- Abu Dhabi National Oil Co., d/b/a Adnoc, will offer increased rates for oil collected at Fujairah, located outside the Strait of Hormuz, instead of its usual terminals inside the Persian Gulf, Bloomberg News reported on Monday, citing a price sheet. The oil giant will reportedly price oil collected at Fujairah based on the Dubai benchmark for August. The Upper Zakum and Das crudes are said to be sold at the Dubai price plus $0.80 per barrel, while the Umm Lulu crude will be offered at the Dubai price plus $1.00 per barrel. Adnoc did not immediately respond to a request for comment from MT Newswires. (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.)

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.