UAE

Japanese Buyers Expect Price Relief for June Liftings from Abu Dhabi 

Despite strenuous denials by UAE Oil Ministry officials of Singapore/Tokyo reports of price discounts on Abu Dhabi crudes with effect from 1 June, it is nevertheless widely accepted in oil circles that term customers have received informal but specific assurances from the Abu Dhabi National Oil Company (ADNOC) that price relief will be forthcoming on June liftings.

No formal notification of such price relief is...