Sources say ADNOC will restore most Murban oil to equity holders by July.

Multiple trade sources reported on Thursday that Abu Dhabi National Oil Company has restored the majority of Murban crude oil supplies going to equity holders for July, after a drastic cut in June.

Traders said that partners in Murban crude producer ADNOC Onshore include BP TotalEnergies China National Petroleum Corp Inpex Zhenhua oil and South Korea's GS Energy. They are entitled to 40% of production, which is around 2.1million barrels per day.

Sources said that during the conflict between Israel and Iran last month, ADNOC informed equity holders it would reduce its Murban crude oil supply by 3 to 4 million barrels.

The changes were not immediately apparent.

They said that the majority of these volumes has been restored.

A spokesperson from ADNOC stated that there were no reductions in supplies to long-term clients such as refiners.

In an email, he said that "ADNOC maintained uninterrupted supply for our customers with no cessation in Murban sales contracts in June or July."

Kpler data revealed that Japan, Thailand, and India were the top three importers of Murban oil. (Reporting and editing by Tom Hogue and Himani Sarkar; Jan Harvey and Jan Harvey, Himani Sarkar)

(source: Reuters)