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30/12/2011 08:13 AST
Abu Dhabi National Oil Company (ADNOC), the main exporter for the Organization of Petroleum Exporting Country (OPEC) member the United Arab Emirates (UAE), will supply Murban crude at 10 percent below contracted volumes in February, steeper than a five-percent reduction in January.
The producer will also cut supplies for Lower Zakum and Umm Shaif by 10 percent, and Upper Zakum by five percent, it said.
Murban is the main export grade for the UAE. ADNOC produces most of the country's crude.
Reuters
Ticker | Price | Volume |
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SABIC | 114.77 | 5,915,941 |
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