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

Reuters| Dubai | United Arab Emirates

Updated: 28-05-2020 22:58 IST | Created: 28-05-2020 22:58 IST

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)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

READ MORE ON

OPEC+Chizu NomiyamaAbu Dhabi National Oil Company

READ MORE

OPINION / BLOG

LATEST NEWS

VIDEOS

View All