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OilMonster
Crude Oil June 29, 2020 03:30:53 AM

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

Anil
Mathews
OilMonster Author
Nominations for all crude grades - Murban, Upper Zakum, Das and Umm Lulu - will be cut by 5% each, the source said.
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                           

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