UAE - Mubasher: Abu Dhabi National Oil Company (ADNOC) has planned to provide full volumes of all crude grades to term customers in Asia in December, sources told Reuters.
The sources remarked that the crude grades include Murban, Umm Lulu, Das, and Upper Zakum.
ADNOC will supply the full volumes without any cut for the first time since the oil prices collapsed in the second quarter (Q2) of 2020 due to the negative impact of the coronavirus (COVID-19) pandemic on demands.
The company has reduced its supplies to be in line with OPEC+'s production quotas to support prices.
ADNOC has been expected to resume full supply volumes from December, as OPEC+ agreed in July to raise production by 400,000 barrels per day between August and December.
