UAE's Adnoc set to reduce term crude supplies

Oil

Abu Dhabi National Oil Company (ADNOC) is expected to cut term Murban crude supplies in January by 20%, while volumes of Upper Zakum and Das are set to be trimmed by 15%, Reuters reported. Term supplies of Umm Lulu crude will also be down by 5%. These reductions would represent a further cut from the 20% exercised in December.