UAE’s ADNOC to Cut August Crude Nominations by 5%

SEATTLE (Oil Monster): 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.

Courtesy: www.reuters.com