UPDATE: Adnoc: April Murban Crude OSP $121.20/Bbl, -$5.80 On Month

Thursday, May 03, 2012

(Adds table of pricing)

SINGAPORE (Dow Jones)--Abu Dhabi National Oil Co., known as Adnoc, has posted the official selling price of its flagship Murban crude oil at $121.20 a barrel retroactively for April term supply, a $5.80-a-barrel decrease from the previous month, according to an official notice from the United Arab Emirates state-owned company Thursday.

This brings the closely-watched premium to benchmark Dubai crude to $3.90 a barrel.

Abu Dhabi National Oil Co.'s crude oil official selling prices, in U.S. dollars a barrel, are as follows:

 
                   Apr       Mar     Change 
Murban            121.20    127.00   -5.80 
Premium to Dubai   +3.90     +4.53   -0.63 
 
Lower Zakum       120.80    126.60   -5.80 
Premium to Dubai   +3.50     +4.13   -0.63 
 
Umm Shaif         120.40    126.20   -5.80 
Premium to Dubai   +3.10     +3.73   -0.63 
 
Upper Zakum       118.65    124.45   -5.80 
Premium to Dubai   +1.35     +1.98   -0.63 
 

-By Gurdeep Singh and Sarah Kent, Dow Jones Newswires; 65-6415 4064; gurdeep.singh@dowjones.com

(END) Dow Jones Newswires

03-05-12 1124GMT