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Abu Dhabi keeps crude supply to Asia but omits plus option

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Abu Dhabi National Oil Co (ADNOC) will supply full contractual supplies of four main crude grades to Asia in October, but is not giving its customers a so-called "plus tolerance" option, traders said on Thursday.

August 30, 2012 10:42 by



Abu Dhabi National Oil Co (ADNOC) will supply full contractual supplies of four main crude grades to Asia in October, but is not giving its customers a so-called “plus tolerance” option, traders said on Thursday.

ADNOC has notified Asian buyers it will supply its four main grades – Murban, Lower Zakum, Umm Shaif and Upper Zakum – at contractual volumes in October, steady from September, the sources said.

The state-run firm has in the past given buyers the option of asking for all grades’ cargoes to be 5 percent more or less than contracted volumes for September.

(Reporting by Osamu Tsukimori; Editing by Michael Watson)



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