ADNOC Trading snaps up June-loading Upper Zakum crude, traders say [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
Upper Zakum crude in the spot market, tightening Middle East supply, trade sources said on Wednesday. ADNOC Trading has bought at least four cargoes of the medium-high sulphur crude from Exxon Mobil Corp, Omani trading firm OQ, Repsol and Aramco Trading at premiums of about $2.20-$2.30 a barrel to Dubai quotes, they said, nearly $1 a barrel higher than the previous month. ADNOC said it does not comment on such issues. The other oil firms typically do not comment on commercial deals. (Reporting by Florence Tan; Editing by Himani Sarkar)
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