1 sources · updated 2h ago

ADNOC Makes One of the Biggest Changes to Middle East Crude Pricing in Years

Coverage — read at the source

• oilprice.com · 2h ago

  ADNOC Makes One of the Biggest Changes to Middle East Crude Pricing in Years ↗

  The Abu Dhabi National Oil Company (ADNOC) is making one of the most significant changes to Middle Eastern crude pricing in years, announcing that all of its Abu Dhabi crude grades will move to a prompt-month pricing methodology based on the Platts Dubai benchmark from November 1, 2026. The move marks a notable evolution in the company's pricing strategy. Rather than pricing cargoes two months ahead using ICE Futures Abu Dhabi (IFAD) Murban futures, ADNOC will now price Murban, Das, Upper Zakum…

• oilprice.com · 3h ago

  ADNOC Unveils New Crude Pricing Mechanism ↗

  ADNOC is changing the pricing formula used for its flagship crude grades. The oil giant said Friday it will move away from its ICE Futures Abu Dhabi-based pricing methodology, which prices crude off the Murban futures contract two months ahead of loading, and switch to a prompt-month system built around the Platts Dubai benchmark. The change takes effect Nov. 1 and covers all four of ADNOC's Abu Dhabi grades: Murban, Das, Umm Lulu and Upper Zakum. Under the new formula, ADNOC will set official s…