Abu Dhabi National Oil Company & Goldman Sachs

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.

Goldman Sachs: Goldman Sachs analysts predict margin pressure for Europepean STOXX Europe 600-listed companies starting in the second quarter.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company, the UAE's state oil firm, indicated that full oil flows through the Strait of Hormuz would not return before the first or second quarter of 2027, even if the conflict ended immediately.

Goldman Sachs: Goldman Sachs raised its oil price forecasts for the fourth quarter, citing reduced output from the Middle East due to the ongoing situation.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company>>>, Abu Dhabi's state-owned oil company, lowered its June price for Murban crude, reflecting a broader regional trend of price adjustments.

Goldman Sachs: Goldman Sachs>>> provided an estimate that global demand fell 4% to 5% in April due to reduced flows through the Strait of Hormuz and weaker consumption in China>>> and Western Europe, offering an analytical perspective on market conditions.

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

Goldman Sachs: Goldman Sachs provided forecasts on oil prices, influencing market expectations.

Abu Dhabi National Oil Company: The head of Abu Dhabi National Oil Company>>> stated that full oil flows through the Strait of Hormuz>>> would not return before the first or second quarter of 2027, even if the war ends now.

Goldman Sachs: Goldman Sachs provided an analysis of global crude oil stockpiles, indicating the broader market impact of the geopolitical tensions.

Abu Dhabi National Oil Company: Abu Dhabi National Oil Company (Adnoc) has shown interest in Lukoil's assets.