ADNOC to cut crude sales to Asia in late summer
Bloomberg reported that Abu Dhabi's Adnoc company plans to reduce the quantities of crude oil sold to Asian customers during August and September. The shipments will be cut by approximately 5% in the spot market to support Murban crude prices. Additionally, shipments limited to the non-bourse market will be halted due to scheduled maintenance in Abu Dhabi's fields. This measure is part of the company's efforts to stabilize prices and maintain oil supply security amid ongoing regional tensions around the Strait of Hormuz and attacks on oil tankers.
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