| Kippreport.com

ADNOC Cuts Dec Murban Osp To $111.80/Bbl

January 4, 2012 3:54 by Reuters

Abu Dhabi National Oil Company (ADNOC) said on Wednesday it had cut the December retroactive selling price of its benchmark Murban crude <MUR-OSP> by $2.55 per barrel to $111.80.

The November official selling price (OSP) for Murban was $114.35/bbl.

December Murban was set at a $5.37 a barrel premium to the December average for Dubai, which stood at $106.43 a barrel. The premium was slightly higher than November’s premium of $5.35.

ADNOC set the December OSPs for Lower Zakum, Umm Shaif and Upper Zakum at $111.45 a barrel, $111.05 per barrel and $108.85 a barrel, respectively.

Tags: Adnoc, ADNOC OSP, ADNOC OSP cut, ADNOC OSP murban, ADNOC OSP murban cut