Adnoc raises July Murban crude OSP

Abu Dhabi National Oil Company (Adnoc) raised the July retroactive selling price of its benchmark Murban crude by $1.80 a barrel to $113.95, it said on Tuesday. 

The June official selling price (OSP) for Murban was set at $112.15 a barrel.  

Adnoc set the OSPs for Lower Zakum, Umm Shaif and Upper Zakum at $113.65 a barrel, $113.15 per barrel and $109.95 a barrel respectively.  

July Murban was set at a $3.96 a barrel premium to the July average for Dubai, which stood at $109.99 a barrel. The premium for June was $4.38 a barrel.  

The following table shows the latest OSPs and differentials to Dubai:  

July (diff to        June (diff to        Monthly Change   
          Dubai)                Dubai)            (vs Dubai) Murban    $113.95(+$3.96)    $112.15 (+$4.38)   +$1.80 (-$0.42) L. Zakum  $113.65(+$3.66)    $111.95 (+$4.18)   +$1.70 (-$0.52) Umm Shaif $113.15(+$3.16)    $111.55 (+$3.78)   +$1.60 (-$0.62) U. Zakum  $109.95(-$0.04)    $107.95 (+$0.18)   +$2.00 (-$0.22)