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Market Chatter: UAE Reportedly Weighs Third Oil Export Pipeline
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12:26 PM EST, 11/04/2026 (MT Newswires) -- The United Arab Emirates is exploring a third crude oil export pipeline to bypass the Strait of Hormuz, Bloomberg News reported Wednesday, citing people familiar with the matter. State-owned Abu Dhabi National Oil Co., or Adnoc, has reportedly been telling customers in Asia about the pipeline, which could run from the UAE's western coast to the port of Fujairah. However, the plans, including the route, could still change. 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.
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