Mubasher TV
Contact Us Advertising   العربية

ADNOC to cut Asia crude supply in June

ADNOC to cut Asia crude supply in June
(Photo credit: Arabianeye - Reuters)

Abu Dhabi – Mubasher: Abu Dhabi National Oil Co (Adnoc) has notified Asian buyers that it will reduce June's supply the three grades of Murban, upper Zakum, and Das by 10%, according to Reuters.

Adnoc had cut May's supplies of Murban and Das by 7%.

Earlier, the company said that it had set the official selling price of Murban for March at $52.60 per barrel, decreasing $3.5 or 6.24% from $56.10 achieved in February.

Crude Das prices were also reduced by about $3.5 to $51.95 in March, according to figures published on Adnoc's website.

For the upper Zakum, adnoc had set its March price at $50.65 per barrel, with $3.35 down from the previous month at $54 per barrel.