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UAE’S ADNOC cuts official prices for all crude oil grades in August - Dotemirates
1 week 5 day

UAE’S ADNOC cuts official prices for all crude oil grades in August

Abu Dhabi National Oil Company (ADNOC) has cut prices for all crude grades in August to ensure that its oil remains competitive in Asia after its light grades traded at the widest discounts since 2015 last month. ADNOC set the August retroactive official selling price (OSP) for its benchmark Murban crude for sale to Asia at $75.05 per barrel, the company said on Wednesday. This puts the August Murban OSP’s premium to Dubai quotes at $2.56 a barrel, down 62 cents from the previous month. For Das, another light crude grade, the premium of its August OSP to Dubai quotes...


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