Adnoc Tightens August Exports

摘要

Abu Dhabi National Oil Co. (Adnoc) will cut August exports of Murban crude to term buyers by 5% of contracted volumes, the company told customers in a notice this week. Still, Murban exports will be higher than in June, when Adnoc cut loadings by 10% of contracted volumes. The company is cutting supplies of its three other export grades -Umm Shaif, Upper Zakum and Lower Zakum -in August after delivering full volumes in June. Lower Zakum loadings will be 5% below contracted volumes, and Upper Zakum and Umm Shaif 8% below.