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Commodity Market, Commodities News Today | The HinduBusinessLine

India could limit sulphur exports as supplies tighten, sources say India turns to US, Oman, Nigeria for LNG imports in March as Qatar, UAE supplies dry up China resumes buying broken rice from India Silver Price Today April 16: Latest rates in Delhi, Mumbai, Kolkata, Chennai & Bengaluru Gold rate today April 16: Gold rates up in Mumbai, Delhi, Chennai, Kolkata, Ahmedabad & Bengaluru Indian LNG importers scoop up spot shipments after prices recede Limelight Lab Grown Diamonds targets tier 2-cities with 25 stores in Q1 Crude oil futures edge up despite hopes of US-Iran ceasefire extension ‘Iran war oil shock as disruptive as Covid’ Iran war brings US close to net crude exporter for first time since World War II NAAS suggests govt to consider one-time licensing for imported horticulture hybrids India targets cocoa self-sufficiency by 2040 with national mission and reforms Why is Gold rate surges past $4,850 & Silver crossing $80? Crude unlikely to return to pre-war levels soon; India's import bill may rise $70 billion annually: Report US shuts down Iran’s maritime trade despite optimism for more talks Brent crude edges up ahead of fresh US-Iran talks Global fertilizer supply crunch tightens farm economics Crude oil prices fall for a second day on expectations US-Iran talks may resume Madhya Pradesh CM says basmati rice from the State is exported to 47 nations Russian crude oil imports rebound in March as PSU refiners lift record volumes Oil prices hit record high in March as refiners try to replace West Asian grades: IEA India’s gems and jewellery exports plunge 35% in March on weak demand Inflows into gold ETFs turn positive in past fortnight India’s Russian oil imports surge to €5.3 billion in March on higher volumes Russia restricts helium exports as global supply tightens amid Middle East tensions India’s oil security under pressure as West Asia crisis exposes import dependence risks Fuel price freeze: ₹18/litre loss on petrol, ₹35 on diesel Iran oil hoard at sea shields China’s refiners from US blockade Oil declines as US, Iran weigh more talks; US blockade of shipping to and from Iranian ports in place IMD forecast of below-normal Indian monsoon poses risk to agriculture, economy
ADNOC tells clients they can opt to load crude outside Gu...
2026-04-29 · via Commodity Market, Commodities News Today | The HinduBusinessLine
File picture: Sultan Ahmed Al Jaber, CEO, ADNOC

File picture: Sultan Ahmed Al Jaber, CEO, ADNOC

Abu Dhabi National Oil Company has notified some customers ​that they could load two crude grades outside ‌of the Gulf next month as ​the Strait of Hormuz remained closed, ⁠according to two people with knowledge of the matter and a notice reviewed by Reuters.

The two ‌crude grades are Das and Upper Zakum that ADNOC will move from ‌the Das Island and Zirku Island ‌terminals ⁠located inside the Gulf to locations ⁠outside for loading. Exports from these terminals have fallen drastically as it has been hard to find ships ​willing to transit ‌the strait since the start of the US-Iran war in late February.

“To ensure that customers can continue to perform their contractual liftings, ‌we are also making cargoes ​available for loading outside of the Arabian Gulf, on a case-by-case basis,” ADNOC ⁠said in a note to clients.

The note did not say how ADNOC planned to ‌move the cargoes.

The producer said clients could reach ADNOC staff to confirm their plans to lift term cargoes by using the alternative delivery points.

ADNOC did not immediately respond to a request for comment.

It did ‌not state the alternative delivery points in ​the notice although the sources said they included ship-to-ship transfers off Fujairah in the ⁠United Arab Emirates or off Sohar in Oman.

The ⁠producer also did not state if there will be additional costs incurred ‌in such transfers and whether these will be borne by ADNOC or the buyer, ​the sources added.

Published on April 29, 2026