UAE's National Oil Company Silently Ships Oil, Taking High Risks After Exiting OPEC
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(1) According to reports, the United Arab Emirates national oil company deployed its own fleet, turned off vessel transponders for silent navigation, and successfully exported oil and gas cargoes from the Persian Gulf, circumventing control by the Iranian navy and US warships to deliver energy to markets in urgent need.(2) Nearly three months since the outbreak of hostilities, other oil-producing countries and Western traders have largely relied on rented tankers, with transportation volumes restricted by shipowners' risk tolerance; at the same time, limited storage capacity has pushed all parties to expedite exports. The UAE officially exited OPEC on May 1, further intensifying its export demand.(3) Wright, a senior freight analyst at maritime analysis firm Clarksons, stated that after leaving OPEC, the UAE national oil company is willing to take on greater risks to export crude oil. A company spokesperson said that, in accordance with corporate regulations, it is not appropriate to disclose vessel locations and route information.
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