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NEWS INTELLIGENCE ARCHIVE
14 AUG 2026 FRIDAY
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The biggest oil producer in the United Arab Emirates spent $1.3 billion to expand its tanker fleet to benefit from surging crude exports after the country left OPEC and pushed more of its oil through the contested Strait of Hormuz.
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news gCaptain ·2026-08-07

UAE’s Adnoc Buys $1.3 Billion of Tankers as Oil Exports Boom

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