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ADNOC stalls diesel term talks because of fuel uncertainty after Qatar spat

Reuters  |  SINGAPORE 

By Jessica JaganathanSINGAPORE (Reuters) - Abu Dhabi National Oil Company (ADNOC) has temporarily halted talks with buyers for its long-term diesel contracts because of concerns it may need the fuel in case of the loss of natural gas supplies from Qatar, industry sources said on Wednesday. The talks were for unspecified volumes of diesel for loading from its Ruwais refinery over July 2017 to June 2018 but they have been stalled because ADNOC may be setting aside the fuel as back up for power generation needs, especially as temperatures soar above 40 degrees Celsius, said three sources ...

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First Published: Wed, July 12 2017. 16:22 IST