Supertankers Waiting To Load Murban Crude After Floods

At least four supertankers are waiting to load Murban crude off Fujairah in the United Arab Emirates a week after floods shut operations at the oil hub, according to trade sources and shipping data on Refinitiv Eikon.

Last Thursday, the Abu Dhabi National Oil Company (ADNOC) said it had shut down its operations at Fujairah terminal due to “exceptional rainfall”.

The company had said it would divert Fujairah terminal oil lifting to…