UAE Boosts Murban Crude Exports Ahead of Key OPEC+ Decision
Market Intelligence Analysis
AI-PoweredThe UAE's ADNOC has increased Murban crude exports to its international partners ahead of a key OPEC+ decision, potentially signaling a boost in oil production.
Market impact analysis based on bullish sentiment with 80% confidence.
Article Context
Abu Dhabi’s national oil company, ADNOC, has offered additional barrels of Murban crude to its international minority partners in the onshore concession where the grade is being produced, sources with knowledge of the plan told Bloomberg on Friday. Some of the partners have already sold part of the additional barrels, of yet unknown volumes, on the spot market, according to Bloomberg’s sources. BP, TotalEnergies, China National Petroleum Corporation (CNPC), Zhenhua Oil, Inpex of Japan, and South Korea’s GS Energy are…
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