UAE'S ADNOC trims March crude prices for all three grades
The March OSP premium to Dubai quotes for Das and Upper Zakum fell 11 cents from February
Abu Dhabi National Oil Company (ADNOC) set the March retroactive selling price for its benchmark Murban crude at $66.10 per barrel, 5 cents lower than February, ADNOC said on Tuesday.
This sets the March Murban official selling price (OSP) premium to Dubai quotes at $3.36, down 6 cents from the previous month.
The March OSP premium to Dubai quotes for Das and Upper Zakum fell 11 cents from February.
ADNOC trimmed prices for all crude grades it sold to Asia to reflect weakness in the spot market last month, traders said.
The following table shows the latest OSPs and their differentials to Dubai crude in brackets:
March Feb Change Murban $66.10 (+$3.36) $66.15 (+$3.43) -$0.05 (-$0.06) Das $65.55 (+$2.82) $65.65 (+$2.82) -$0.10 (-$0.11) Upper Zakum $63.20 (+$0.47) $63.30 (+$0.58) -$0.10 (-$0.11)
0 comments