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Global Oil Market Weekly Highlights
Global Oil Market Weekly Highlights
CRUDE TRADES
Middle East Oil Shifts: ADNOC Cuts Exports, Iraq Ramps Down for OPEC+ Compliance, and US Sanctions Squeeze Iran-China Flows
The Middle East oil market is adapting to strategic shifts by major producers. ADNOC, Abu Dhabi's national oil company, forecasts lower Murban crude exports from Aug. 2025 to May 2026, cutting by up to 177K b/d.
June 08, 2025
