ADNOC cuts September Murban oil prices to $69.10 | Alrroya

ADNOC cuts September Murban oil prices to $69.10

Sunday, 4 October 2009  at  14:21, Reuters, Abu Dhabi
Abu Dhabi National Oil Company (ADNOC) cut the September retroactive selling price of its benchmark Murban crude by $3.65 per barrel to $69.10, ADNOC said on Sunday.

The August offical selling price (OSP) for Murban was $72.75. September Murban was set at a $1.46 premium to the September average for Dubai, which stood at $67.64 a barrel, versus a premium of $1.41 for August. ADNOC cut the OSPs for Umm Shaif and Lower Zakum to to $68.60 a barrel and $68.85 a barrel respectively. It set the Upper Zakum OSP at $67.35 a barrel, down from $70.90.








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