UAE – Mubasher: Abu Dhabi National Oil Company (ADNOC) has lowered the June selling price for the benchmark Murban crude, according to Reuters.
ADNOC has set the selling price of Murban crude at minus $4.45 per barrel (pb) to Platts Dubai, the company noted in a statement on Sunday.
It is noteworthy to mention that ADNOC announced its commitment to the OPEC+ agreement reached in April to cut crude oil production by 9.7 million barrels per day to reduce oversupply amid the coronavirus (COVID-19) pandemic.
