ADNOC issues March IFAD-based OSP for Murban crude at $85.11/b

Abu Dhabi National Oil Co. set the March official selling price for its flagship Murban crude oil at $85.11/b, up $10.75/b from $74.36/b for the February OSP, the company said in a Feb. 4 pricing letter. The increase in the Murban OPS comes after OPEC+ decided on Feb. 2 to hike its oil production ceiling by 400,000 b/d for March…