UAE's ADNOC will allocate crude cut at 5 percent: Reuters

Abu Dhabi National Oil Company (ADNOC) will maintain its allocation cuts for all grades of crude it sells to term customers at 5 percent in November, Reuters reported quoting sources.

"The producer from the United Arab Emirates started increasing crude supplies to term customers from October when it eased allocation cuts to 5% versus a 15% cut in September," the agency said.