ADNOC reduces oil price in July

Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) on Wednesday said it retroactively reduced the official oil price of its crude Murban for July delivery by 9% or $4.45 per barrel (pb).

Prices went down to $44. 60 pb from $49.05 pb in June, the oil company said on its official website.

ADNOC previously raised official selling prices for its crude oil in June by 3.6%.

Mubasher Contribution Time: 03-Aug-2016 07:40 (GMT)
Mubasher Last Update Time: 03-Aug-2016 07:40 (GMT)