ADNOC sells crude for December — loading to Asia, traders say

SINGAPORE, Oct 14 (Reuters) — ADNOC sold December-loading crude oil cargoes to refiners across Asia in its latest spot tender, traders said on Wednesday, with volumes placed in key markets including India, China, Taiwan and Japan. The Abu Dhabi National Oil Co sold Upper Zakum crude for ship-to-ship (STS) transfer off Fujairah in the United Arab Emirates or Sohar in Oman at discounts of about $4-$5 a barrel to Dubai quotes, traders said The producer also sold Das crude at a slight discount to Dubai on an STS basis, they added At least 8 million barrels of Das and Upper Zakum crude were sold to Indian refiners, according to traders. Some of the cargoes were priced at premiums of around $8 a barrel to the December Dubai benchmark on a delivered basis to India ADNOC also sold cargoes to refiners in China, Taiwan and Japan. Upper Zakum crude delivered into China fetched premiums of about $15 a barrel to Dubai quotes The latest sale is ADNOC's 11th spot crude tender since the start of June (Reporting by Siyi Liu; Editing by Kate Mayberry) ((mailto:siyi.liu@thomsonreuters.com)