Gasoline & Abu Dhabi National Oil Company

Gasoline: Gasoline prices have climbed significantly across the United States, driven by the global energy crisis caused by the Iran war and the constrained Strait of Hormuz, impacting consumer spending and sentiment.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company is a major oil producer affected by the Strait of Hormuz closure, impacting its export capacity and operations. It is building a second pipeline to mitigate this.

Gasoline: Inventories at multi-year lows, margins near record levels, US prices above $4 per gallon.

Abu Dhabi National Oil Company: ADNOC is working to move oil from inside the strait and has issued tenders, benefiting from higher prices.

Gasoline: Inventories at multi-year lows, prices above $4/gallon in the U.S., causing political and economic pressure.

Abu Dhabi National Oil Company: ADNOC has had tankers struck by Iran, affecting its exports. It is using alternative routes.

Gasoline: US gasoline prices up 29% year-over-year, causing political and economic strain.

Abu Dhabi National Oil Company: Its vessels attacked in the strait, highlighting risks to energy shipping and UAE interests.

Gasoline: US gasoline futures that fell on deal optimism, reflecting energy market impact.

Abu Dhabi National Oil Company: ADNOC has suffered attacks on its vessels, highlighting the risks to energy infrastructure and shipping.