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ADNOC Trading Purchases at Least Four June Loading Upper Zakum Cargoes

OIL

ADNOC Trading has bought at least four June-loading cargoes of Abu Dhabi's Upper Zakum crude in the spot market, tightening Middle East supply according to Reuters sources.

  • The cargoes were purchased at premiums of about $2.20-$2.30/bbl to Dubai quotes - nearly $1/bbl higher than the previous month.

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