SINGAPORE: Abu Dhabi National Oil Company (ADNOC) plans to supply full volumes of Upper Zakum and Das crude to at least three term customers in December, sources with knowledge of the matter said on Monday.
The producer from the United Arab Emirates had told customers last month that it will reduce term crude supplies in November by 5%.
Buyers had been expecting ADNOC to reinstate full supply volumes from December as the Organization of the Petroleum Exporting Countries and its allies including Russia agreed in July to increase production by 400,000 barrels per day between August and December.
The producer could not be immediately reached for a comment outside of office hours.
(Reporting by Florence Tan; Editing by Kim Coghill and Sherry Jacob-Phillips) ((Florence.Tan@thomsonreuters.com; Reuters Messaging: firstname.lastname@example.org))