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Market Chatter: Adnoc Said to Shift Some Crude Loadings to Offshore Fujairah

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-- Abu Dhabi National Oil Co., or Adnoc, is offering some term customers crude cargoes, including Upper Zakum, for pickup through ship-to-ship transfer offshore Fujairah, United Arab Emirates.

Bloomberg News wrote Tuesday, citing unnamed traders, that Upper Zakum, a grade that typically loads from Zirku Island within the Persian Gulf, alongside other cargoes, will be mainly available for loading in May. The move comes as producers explore alternative routes to bring oil to market.

The state-owned oil group did not immediately respond to a request for comment from.

(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.)

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