Abu Dhabi's state-owned Adnoc sees availability of its flagship light sour Murban crude rising to as high as 1.422mn b/d over the coming twelve months, the company said in its latest forecast, around 25pc above current levels. Adnoc publishes a rolling 12-month outlook for its Murban crude at the end of each month. The company kept its recent forecast for the amount of Murban crude available for export from September to July 2022 unchanged, but added its projection for August 2022. Adnoc now says it expects to export 1.422mn b/d in August 2022, up 25pc from 1.13 mn b/d in September 2021.
Adnoc released its latest official selling prices (OSPs) based on its Murban crude futures contract in early-August, pricing its September-loading crude exports higher versus August. The September OSP for Murban crude has been calculated at $73.50/bl, up on the August Murban OSP at $72.34/bl. The September Murban OSP is the monthly average of the daily Singapore marker prices for the front-month September Murban futures contract on the Ice Futures Abu Dhabi (IFAD) exchange in July.