Adnoc Cuts Asia Crude Shipments, Boosting Flagship Oil Grade Price

Abu Dhabi National Oil Co. (Adnoc) plans to reduce crude oil shipments to Asian customers in August and September, a move that is already contributing to an increase in the price of its flagship Murban oil grade.

19 Aug, 06:50 — 19 Aug, 06:50

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bloombergHigh6d ago

Adnoc Cuts to Asia Shipments Send Flagship Oil Grade Higher

Abu Dhabi National Oil Co. plans to trim the amount of crude sold to Asian customers in August and September, according to people familiar with the matter — cuts that are already helping to push up the price of the flagship Murban oil grade.

By Yongchang Chin and Anthony Di Paola

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Adnoc Cuts Asia Crude Shipments, Boosting Flagship Oil Grade Price

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Adnoc Cuts to Asia Shipments Send Flagship Oil Grade Higher

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