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Coronavirus
VERY HIGH
Pakistan Deaths
15,329
10024hr
Pakistan Cases
715,968
513924hr
Sindh
268,284
Punjab
245,923
Balochistan
20,178
Islamabad
64,902
KPK
97,318

DUBAI: State-run Abu Dhabi National Oil Company (ADNOC) has informed its customers of a cut in its crude oil nominations for January in line with OPEC's decision last week to reduce oil supplies, a source familiar with the matter said on Monday.

Nominations for Murban crude grade will be cut by 15 percent, while both Das and Upper Zakum grades will be cut by 5 percent each, the source said.

OPEC and its Russia-led allies agreed on Friday to slash oil production by more than the market had expected despite pressure from US President Donald Trump to reduce the price of crude.

 

Copyright Reuters, 2018