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Thursday, March 04, 2021 3:11 GMT
Abu Dhabi National Oil Co. is lifting destination restrictions for all of its crude grades, as it prepares to launch its Murban futures contract, the company announced March 3. "This is to create more freely traded commodity that can be traded on the global markets," Khaled Salmeen, the head of ADNOC's downstream, marketing and trading directorate, said in a media briefing. "The removal of the restrictions will bring additional value to our customers [and] to ADNOC." ADNOC had previously...More