Abu Dhabi National Oil Co, the state run producer in the UAE capital, said it would cut shipments of all crude grades in November below amounts contracted under long term purchase agreements.
Reductions in the amount of oil shipped will be deeper in November for all grades, except Murban crude, when compared with October, according to an emailed statement on Monday.
Adnoc, as the state producer is known, said it will reduce sales of the Lower Zakum grade by 15 percent compared with a 10 percent shortfall in October.
Umm Shaif exports will be cut by 20 percent compared with a 15 percent reduction, and Upper Zakum crude deliveries will be 20 percent lower than contracted after no cuts were announced for October.
The federation, which exports most of its crude to Asia, has the capacity to produce about 2.8 million barrels a day, Oil Minister Mohamed Al Hamli said March 2.
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