# UAE's ADNOC to cut Nov crude oil term supplies by 25 per cent for all grades, ETEnergyworld

> Abu Dhabi National Oil Company will cut crude supplies to term buyers by 25% in November across all four of its grades, as part of its OPEC+ commitment. The cut deepens from a 30% reduction for October. The UAE had pumped above its OPEC+ quota in August.

- Date: 2020-09-16 · published 2020-09-16T12:00:00.000Z
- Category: policy · region Global · magnitude medium
- Page: https://feedsoft.ai/events/51060-uae-s-adnoc-to-cut-nov-crude-oil-term-supplies-by-25-per-cent-for-all-grades
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

A large term-supply cut from a major exporter tightens crude availability and supports prices. Higher crude feeds into diesel and fertilizer costs for feed producers.

## Read by commodity

- WTI: bullish ▲
- BRENT: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-08-31 | [Oil rises as UAE’s ADNOC cuts October supplies by 30%](https://feedsoft.ai/events/51784-oil-rises-as-uae-s-adnoc-cuts-october-supplies-by-30.md) | -7.6% | -5.7% |
| WTI | 2022-09-05 | [OPEC+ makes small trim to world oil supplies as prices fall \| AP News](https://feedsoft.ai/events/39511-opec-makes-small-trim-to-world-oil-supplies-as-prices-fall-ap-news.md) | +1.0% | -3.7% |
| WTI | 2017-12-01 | [Brent crude and West Texas Intermediate (WTI) oil price: Opec-led supply cut extension boosts oil prices](https://feedsoft.ai/events/67644-brent-crude-and-west-texas-intermediate-wti-oil-price-opec-led-supply-cut.md) | -1.5% | +5.3% |
| WTI | 2022-07-29 | [Oil up over $2 per barrel as hopes fade for OPEC+ supply boost \| Reuters](https://feedsoft.ai/events/40404-oil-up-over-2-per-barrel-as-hopes-fade-for-opec-supply-boost-reuters.md) | -8.0% | -5.2% |
| WTI | 2019-07-03 | [OPEC, non-OPEC members decide on extending production cuts up to March 2020, ETEnergyworld](https://feedsoft.ai/events/58010-opec-non-opec-members-decide-on-extending-production-cuts-up-to-march-2020.md) | +7.6% | +4.4% |
| BRENT | 2020-08-31 | [Oil rises as UAE’s ADNOC cuts October supplies by 30%](https://feedsoft.ai/events/51784-oil-rises-as-uae-s-adnoc-cuts-october-supplies-by-30.md) | -7.2% | -8.2% |
| BRENT | 2022-09-05 | [OPEC+ makes small trim to world oil supplies as prices fall \| AP News](https://feedsoft.ai/events/39511-opec-makes-small-trim-to-world-oil-supplies-as-prices-fall-ap-news.md) | -0.9% | -5.0% |
| BRENT | 2017-12-01 | [Brent crude and West Texas Intermediate (WTI) oil price: Opec-led supply cut extension boosts oil prices](https://feedsoft.ai/events/67644-brent-crude-and-west-texas-intermediate-wti-oil-price-opec-led-supply-cut.md) | -2.0% | +4.9% |

## Sources

- energy.economictimes.indiatimes.com: https://energy.economictimes.indiatimes.com/news/oil-and-gas/uaes-adnoc-to-cut-nov-crude-oil-term-supplies-by-25-per-cent-for-all-grades/78144646

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.