Friday , May 7 2021

ADNOC sets the first official selling price for Lulu's new crude oil



Singapore, November 7 (Reuters) – Abu Dhabi National Oil Company (ADNOC) said it retroactively put its first official selling price for its new raw material, Lulu, at $ 81.80 per barrel in October transport.

October deliveries from Umm Lulu are sold at a price of $ 1.75 per barrel above Dubai's average price for the month.

The table below shows the latest official selling prices (and their price differences with Dubai in brackets) in dollars per barrel.

October September change

Merban 82.30 (+2.91) 80.35 (+3.10) +1.95 (-0.19)

Mother of Lulu 81.80 (+1.75) Not available Not available

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DAS 81.70 (+2.31) 79.80 (+ 2.55) +1.90 (-0.24)

Zacom Top 80.45 (+1.06) 78.30 (+1.05) +2.15 (+0.01)

(Prepared by Ahmed Elhamy for the Arab publication)


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