UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) will cut its crude oil supplies for fixed-term buyers by 30% in October, as part of the UAE's commitment to OPEC+ agreement, three sources told Reuters.
ADNOC will reduce the supply of its Murban, Umm Lulu, Das, and Upper Zakum crude in October.
Meanwhile, two sources referred that ADNOC will decrease its crude oil supplies by 30% for fixed-term buyers in Asia.
It is noteworthy to mention that in September, ADNOC will cut its crude oil nominations by 5% for all grades.
Source:
Mubasher