ADNOC to reduce Feb crude output by 229,000 b/d as part of delay to OPEC+ cut unwind

Middle East crude producer Abu Dhabi National Oil Co. informed equity holders this week of a 229,000 b/d reduction in February crude output, five traders with knowledge of the matter said Dec. 12, though the actual extent of the cuts could be much smaller on a month-on-month basis. Sources said the figures are likely based ...