UAE

ADNOC Fixes Crude Prices for January under New Market Related Formula 

The Abu Dhabi National Oil Company (ADNOC) has notified its Japanese third-party customers of crude prices for January Siftings under the company's new market related price formula. The January prices notified by ADNOC (with previous official prices in brackets) are as follows: Murban, $24.95/B ($28.15/B); Lower Zakum, $24.85/B ($28.10/B); Umm Shaif, $24.75/B ($28.05/B); Upper Zakum, $23.80/B ($27.50/B)....