submitted by oiltrades 290 days ago (via ameinfo.com)
Abu Dhabi National Oil Co (Adnoc) has sealed deals with at least four Asian buyers for 2010 supplies of three naphtha grades at $14.50-$16.50 a ton above its own price formula, Reuters has reported. The price, on a free-on-board basis, was agreed at the initial levels offered by Adnoc, despite some resistance, traders told the news service.