UAE’s ADNOC to Cut July Crude Nominations After OPEC+ Pact

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