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ADNOC: 1.437 Million b/d of Murban in November 2022

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ADNOC(Abu Dhabi National Oil Co.) maintains its export forecasts for December 2021 to October 2022 and adds those for November 2022.
The latter correspond to those for September and October 2022.

ADNOC wants to export more Murban crude oil

Murban is the company’s largest crude in terms of volume.
It represents a production capacity of around 2 million b/d out of the company’s 4 million.
It is produced from 2,000 onshore wells.
ADNOC aims to export 1.437 million barrels per day (b/d) by November 2022.
That’s just as much as in September 2022 and October 2022.
But more than in December 2021 and its 1.205 million b/d.
In addition, the Emirati company has also set its sales price for December 2021: $82.73/b.
This is 12% more than the November 2021 price of $73.41/b.
Murban is the second futures contract to be traded on a regional market.
It is also a deliverable grade in S&P Global Platts ‘ Dubai and Oman crude assessments.

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