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Abu Dhabi National Oil Company (Adnoc) has announced a discovery of 650 million barrels of onshore crude oil reserves in Abu Dhabi.

Asian demand for July-loading Middle East medium sour grades has strengthened as healthy refinery margins for middle distillates, improved Chinese appetite and a closed arbitrage window allayed concerns that cheap Russian barrels could curtail buying, market sources told S&P Global Commodity Insights. Medium sour crudes such as Oman Blend, Al-Shaheen and Upper Zakum were attracting ...

Abu Dhabi National Oil Company on Thursday announced three oil discoveries including one at Bu Hasa, Abu Dhabi’s biggest onshore field, with a crude oil production capacity of 650,000 barrels per day, the company said on Thursday. The discovery in Bu Hasa includes 500 million barrels of oil from an exploration well in the field, ...

May 19 (Reuters) - Abu Dhabi National Oil Company on Thursday announced three oil discoveries including one at Bu Hasa, Abu Dhabi’s biggest onshore field, with a crude oil production capacity of 650,000 barrels per day, the company said on Thursday. The discovery in Bu Hasa includes 500 million barrels of oil from an exploration well in the field, the company said in a

The Dubai Financial Market will begin trading Oman crude oil futures next month as the bourse continues to diversify its product offerings and attract new investors. The trading of Oman crude oil contracts, a benchmark that is used by many Gulf producers to price their oil, will begin on June 1, the DFM said in ...