Energy News Today

UAE’s ADNOC to cut August crude nominations by 5% – source


A general view of ADNOC headquarters in Abu Dhabi, United Arab Emirates May 29, 2019. REUTERS/Christopher Pike/Files

DUBAI (Reuters) – State-run Abu Dhabi National Oil Company (ADNOC) will cut its crude oil nominations to its customers for August, a source familiar with the matter told Reuters on Sunday, in line with OPEC+ pact to reduce oil supplies.

Nominations for all crude grades – Murban, Upper Zakum, Das and Umm Lulu – will be cut by 5% each, the source said.

Reporting by Rania El Gamal; Editing by Alison Williams



Read More: UAE’s ADNOC to cut August crude nominations by 5% – source

2020-06-28 15:33:00

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Privacy & Cookies Policy
%d bloggers like this: