The Abu Dhabi National Oil Company (ADNOC), the energy giant of the United Arab Emirates (UAE) , announced on Monday the retrospective prices of its four main grades of crude oil for May.

According to ADNOC, the price for the onshore Murban crude oil was set at 68.40 U.S. dollars per barrel, while prices of the three offshore crudes were set at 68.45 dollars for Lower Zakum, 67.85 dollars for Umm Shaif and 64.05 dollars for Upper Zakum respectively.

ADNOC, a fully government-owned company established in 1971, is one of the world's leading oil companies with huge reserves. It currently produces over two million barrels of oil a day.

Source: Xinhua