UAE’s Oil Giant ADNOC to Cut Murban Crude Exports

Abu Dhabi’s national oil company, ADNOC, forecasts lower export volumes of its flagship Murban crude between August 2025 and May 2026, as it plans to process higher volumes of the grade domestically. ADNOC plans to export 1.705 million barrels per day (bpd) of Murban Crude in August, down by 65,000 bpd compared to the previous schedule, Reuters reports, citing an ADNOC report. The company pumping nearly all the crude in one of OPEC’s top producers, the United Arab Emirates (UAE), will also lower its Murban crude exports by between 100,000…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com