Abu Dhabi's Retroactive Crude Oil Export Prices Raised by 3.90-4/B for February Liftings

摘要

Abu Dhabi National Oil Company (ADNOC) on 5 March announced the retroactive prices for February liftings of the four crudes it exports under term contracts.After cutting its prices by 7-7.25/b for January,ADNOC has raised them by 3.90/b to 4/b for February liftings.The prices of its reference crude,Murban,and Lower Zakum have thus been raised to 58.75/b,which compares with a high of nearly 73/b in July 2006 and averages of 64.90/b (for Murban) and 64.93/b (for Lower Zakum) through 2006 as a whole.The price of Umm Shaif has been raised to 58.10/b and that of Upper Zakum by 4/b to 54.95/b for February.