Reported about 21 hours ago
The United Arab Emirates plans to cut oil shipments starting early next year as part of OPEC+'s efforts to enforce stricter production quotas and stabilize prices. Adnoc has informed some Asian customers of reduced crude oil allocations, cutting daily volumes by up to 230,000 barrels. Despite adhering to its OPEC+ production limits, skepticism remains about UAE's actual output levels, which some reports suggest may be significantly higher. The decision to cut exports will mainly impact Murban and Upper Zakum grades.
Source: YAHOO