UAE's ADNOC to cut July crude nominations after OPEC+ pact -source


Reuters | Dubai | Updated: 28-05-2020 22:58 IST | Created: 28-05-2020 22:58 IST
UAE's ADNOC to cut July crude nominations after OPEC+ pact -source
  • Country:
  • United Arab Emirates

State-run Abu Dhabi National Oil Company (ADNOC) has informed its customers of a cut in its crude oil nominations for July in line with a decision by OPEC+ last month to reduce oil supplies, a source familiar with the matter told Reuters on Thursday.

Nominations for all crude grades - Murban, Upper Zakum, Das and Umm Lulu - will be cut by 5% each, the source said. (Reporting By Rania Elgamal Editing by Chizu Nomiyama)

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