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

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)

Give Feedback

Use this form for editorial or site feedback. We usually reply within 2 to 3 working days.

By submitting, you agree that we may use your email address to respond.