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UAE's ADNOC cuts Dec Murban OSP to $111.80/bbl

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By Shoaib Ur Rehman
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adnocDUBAI: Abu Dhabi National Oil Company (ADNOC) said on Wednesday it had cut the December retroactive selling price of its benchmark Murban crude by $2.55 per barrel to $111.80.

The November official selling price (OSP) for Murban was $114.35/bbl.

December Murban was set at a $5.37 a barrel premium to the December average for Dubai, which stood at $106.43 a barrel. The premium was slightly higher than November's premium of $5.35.

Copyright Reuters, 2011

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