ADNOC to cut November crude oil exports to Asia
9/20/2017 7:44:06 AM
SINGAPORE (Reuters) — Abu Dhabi National Oil Company has informed buyers in Asia it will reduce supplies of its flagship Murban crude by 15% in November to comply with OPEC production cuts, trade sources said on Wednesday.
The cut for Murban supplies was slightly deeper than the 10% reduction in October because of oilfield maintenance, one of the sources said.
The producer will also cut November Das crude supplies by 10% and allocation of Upper Zakum crude by 5%, the sources said.
ADNOC could not be immediately reached for comment.
Reporting by Florence Tan; Editing by Tom Hogue
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