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Market Chatter: Adnoc Reportedly Sells Minimum 30 Million Barrels of Crude in June

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Abu Dhabi National Oil Co., or Adnoc, sold spot crude oil cargoes of at least 30 million barrels to Asian refiners over the past two weeks in June, Reuters reported Tuesday, citing unnamed trade sources.

The state-owned oil group's sale reportedly consists of Das, Upper Zakum, and Umm Lulu cargoes to buyers in India, China, South ​Korea, Japan, and other trading houses. Some were priced at flat to slight premiums to Dubai benchmarks for loading between June and August.

Adnoc did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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