United Arab Emirates eases up on oil output curbs

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The United Arab Emirates' main oil exporter will ease up on OPEC-led supply curbs, a possible sign the Arab Gulf nation will not push for new cuts when the oil producing group meets next month.

The Abu Dhabi National Oil Company told customers Sunday that starting in October, it will let them load 15 percent less oil than normal levels, according to a report by the state news agency, WAM.

ADNOC customers for this month and next have been restricted to lifting 19 percent below their usual levels, a step the company took in line with the Organization of the Petroleum Exporting Countries' decision late last year to slash output by 4.2 million barrels from September 2008 levels.