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UAE is selling Saudi oil in a rare move, document shows

NEW DELHI/LONDON: The United Arab Emirates energy ministry is selling 1.7 million barrels of Saudi Arab Light oil via a rare tender, a document showed. Sources said the UAE was selling the oil loaded on the Gem No. 2 tanker, which was struck by an unidentified projectile last month. Since the start of the US-Israeli war with Iran, attacks on commercial vessels in Gulf shipping lanes have driven…

First reported by Business Recorder 1 source
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  1. Business Recorder

    UAE is selling Saudi oil in a rare move, document shows (opens Business Recorder in a new tab)

    NEW DELHI/LONDON: The United Arab Emirates energy ministry is selling 1.7 million barrels of Saudi Arab Light oil via a rare tender, a document showed. Sources said the UAE was selling the oil loaded on the Gem No. 2 tanker, which was struck by an…

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