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UAE’s ADNOC to cut August crude nominations by 5% -source

State-run Abu Dhabi National Oil Company (ADNOC) will cut its crude oil nominations to its customers for August, a source familiar with the matter told Reuters on Sunday, in line with OPEC+ pact to reduce oil supplies.

Nominations for all crude grades – Murban, Upper Zakum, Das and Umm Lulu – will be cut by 5% each, the source said.
Source: Reuters (Reporting by Rania El Gamal; Editing by Alison Williams)

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