Middle East & Africa

摘要

UAE: Spot activity in the Middle East remains muted as attention remains fixed on quarterly and semester contract talks. Adnoc has begun discussions with customers for Q1 2011 and 1H 2011 contracts, which are expected to continue into next week. The producer is looking to have a number of contracts settled by the end of December. Price ideas are in the $160-165/mt FOB Ruwais range.