In Freight News 10/03/2017
Abu Dhabi National Oil Company (ADNOC) said it has informed its customers of cuts in crude allocations for March and April.
“In line with OPEC’s decision to cut production, we regret to advise you that crude oil allocation for the month of March and April 2017 will be reduced,” ADNOC told its customers in a letter dated March 6, which was received by Reuters on Thursday.
In March, only Upper Zakum crude grade will be cut by 5 percent, while in April both the Murban and Das grades will be reduced by 5 percent, and Upper Zakum by 3 percent, the letter said.
Source: Reuters
