Overview
- Independent ship‑tracking firms reported the UAE averaged about 3.7 million barrels per day of crude and condensate exports in June, its highest monthly level on record.
- Abu Dhabi crude loadings rose to roughly 4 million barrels per day between June 1 and June 29, a volume that exceeds pre‑conflict local loadings.
- ADNOC and traders increased commercial activity by issuing multiple sale tenders for June–August loading and drawing down inventories to keep shipments high.
- To reduce attack risk and bypass disrupted transit, the UAE moved oil through alternative routes and logistics including the Habshan–Fujairah pipeline and reported shuttle services and vessels operating with transponders off.
- Despite the rebound in flows, Gulf exports remain below February levels and analysts warn that demining, physical damage, higher insurance costs and regional enforcement by actors such as the IRGC could keep normalization fragile for weeks to months.