HORMUZ DISRUPTION FORCES ADNOC TO ADJUST OUTPUT
The Abu Dhabi National Oil Company says it is managing offshore production to cope with storage limits as tensions in the Middle East disrupt shipping.
The company is using export routes that bypass the Strait of Hormuz and relying on international storage to keep supplies flowing to global customers. Fighting in the region has nearly shut the key waterway linking the Persian Gulf to open seas, blocking a major export route for Middle Eastern oil and gas.
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