UAE Cuts Partners’ Crude Shipments With Flows Sent to Fujairah

Abu Dhabi National Oil Co. cut the volume of crude for its onshore partners by about a fifth for this month, although the flows will still go to a port outside the all-but-shuttered Strait of Hormuz.

The state-owned oil producer told its equity partners that they will be permitted to load only 80% of their remaining Murban barrels for March, people familiar with the matter said. No specific reason was given, they said, asking not to be identified as they’re not allowed to speak publicly.