Traders Find Abu Dhabi's Murban Attractive

摘要

Abu Dhabi National Oil Co. (Adnoc) has lowered the retroactive official prices of its June-loading crude exports, a move that is likely to improve the perceived competitiveness of key light, sour Murban crude versus a key Russian grade. The 8￠/bbl drop in Murban's official price relative to the Dubai benchmark is likely to prove more attractive to potential buyers from Japan and South Korea than Russian East Siberia-Pacific Ocean (Espo) crude, say two Asian market players (IOD Jun.7'17).