Sunday, 24 April 2011

UAE producer cuts Murban crude supply by 5% in June - Arab News

Abu Dhabi National Oil Co (ADNOC) said on Sunday it will supply Murban crude for April at 5 percent below contracted volumes in June, compared to full volumes in May.

Allocations for Lower Zakum, Umm Shaif and Upper Zakum will also be supplied at a 5 percent cut, compared to no cuts in May ADNOC said.

“We have decided to cut the allocations for June in order to comply with our OPEC quota,” said an official from ADNOC.

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