June 16, 2026 [Reuters]- Abu Dhabi National Oil Company (ADNOC) has sold ​at least 30 million barrels of spot crude to Asian refiners and trading firms ‌so far this month and offered more this week, trade sources said, boosting exports during the U.S.-Iran ceasefire.

The United Arab Emirates producer sold cargoes of Das, Upper Zakum and Umm Lulu crude to refiners in India, China, South ​Korea and Japan as well as to global trading houses. Some were priced at flat ​to slight premiums to Dubai benchmarks for loading between June and August, the ⁠sources said.

The three crude grades are produced from fields inside the Gulf and must be ​shipped through the Strait of Hormuz.

The sales were conducted over the past two weeks, ahead of the ​signing of a preliminary agreement between the U.S. and Iran to end their conflict.

ASIAN BUYERS

Indian state refiners Indian Oil Corp and Bharat Petroleum Corp have bought a combined 6 million barrels of Abu Dhabi oil so far ​this month, the sources said.

The cargoes were sold at parity or premiums of $1–$2 a barrel to ​Dubai prices on a cost-and-delivered basis via ship transfers at Fujairah, they added.

ADNOC’s sales also included 3 million barrels ‌of ⁠Das crude to Japan’s largest refiner Eneos and 1 million barrels to South Korea’s GS Energy.

or Upper Zakum, China’s Unipec, the trading arm of state giant Sinopec, bought 6 million to 8 million barrels, while Vitol took 4 million barrels and Rongsheng Petrochemical 2 million barrels, the sources said.

South ​Korea’s largest refiner SK Energy ​bought 7 million ⁠barrels of Umm Lulu crude, they added. Some cargoes were sold at premiums, two of the traders said. The companies typically do not comment on ​commercial sales.

ADNOC offered the cargoes on a free-on-board basis from storage at ​Fujairah, or ⁠from terminals at Zirku or Das Island, as well as via ship-to-ship transfers off the UAE, Oman or Malaysia. Buyers also had the option of cost-and-freight delivery.

ADNOC did not immediately respond to a request ⁠for comment.

Since ​the Iran war began, ADNOC has exported crude and products by ​switching off transponders to reduce the risk of Iranian attacks, with cargoes either transferred ship-to-ship or sailing directly to buyers.