UAE’s ADNOC to Cut July Crude Nominations After OPEC+ Pact
Nominations for all crude grades - Murban, Upper Zakum, Das and Umm Lulu - will be cut by 5% each, the source said.Â
By Anil
Mathews
SEATTLE (Oil Monster): 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.
Courtesy: www.reuters.com
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