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ADNOC crude selling prices stand firm for November

by Daniel Canty on Dec 8, 2009

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UAE government news agency WAM announced today Abu Dhabi National Oil Company (ADNOC) the prices of its crude oil for November.

An ADNOC company statement said the Government Selling Prices (GSP) for crude oil FOB Abu Dhabi ports for the month of November are as follows: Murban (US$78. 60) per barrel, Lower Zakum (US$78.35), Umm Shaif (US$78.10) and Upper Zakum (US$77.20) per barrel.

Japan has become the biggest buyer of ADNOC's crude oil exports in recent years.

In September, Japan's oil imports from the UAE had dropped 28 per cent from a year earlier, by more than 278,000 barrels per day (bpd), Japanese government figures show. The decline was equal to 12 per cent of the Emirates' total September oil output of about 2.23 million bpd.

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