Market Chatter: Adnoc Said to Plan Early 2027 Crude Deliveries Via Hormuz Bypass Pipeline

11:03 AM EDT, 10/28/2026 (MT Newswires) -- Abu Dhabi National Oil Co., d/b/a Adnoc, is preparing to deliver some Upper Zakum crude to Asian refiners from the United Arab Emirates' Fujairah terminal in the first months of 2027, Bloomberg News reported Wednesday, citing people familiar with the matter. The state-owned oil company's new pipeline, which is targeted for completion in 2027, will allow annual-term customers to load oil supply at Fujairah without needing to pass through the Strait of Hormuz, according to the report. Adnoc did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)