Abu Dhabi Cuts Prices for Oil Cargoes Lifted in June
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Abu Dhabi National Oil Co., the state-owned producer, cut the price on all four of its crude grades by almost 4 percent for cargoes lifted in June.
The company, known as Adnoc, lowered the price for Murban crude, its largest export grade, by $3.05 a barrel, or 3.9 percent, to $74.80 a barrel for June shipments, according to an e-mailed statement today.