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UAE'S ADNOC sets Oct Murban crude OSP at $51.35/bbl

Published November 3, 2016 Updated November 3, 2016 03:09pm
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By Shoaib Ur Rehman
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imageSINGAPORE: Abu Dhabi National Oil Company (ADNOC) raised the October retroactive official selling price for its benchmark Murban crude to $51.35 a barrel, up $5.85 from September, ADNOC said on Thursday.

That puts October Murban's premium to Dubai quotes at $2.37 a barrel, up 20 cents from a month ago, in line with market expectations.

The September Das OSP premium to Dubai quotes rose 25 cents while that for Upper Zakum increased by 35 cents, lower than premiums fetched for spot cargoes sold last month.

Copyright Reuters, 2016

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