ADNOC Uses Platts Dubai as Crude Price Reference

The update to ADNOC's crude oil pricing methodology, starting from November 2026, will be based on the "Platts Dubai" benchmark. This change makes Abu Dhabi's crude prices more closely linked to the actual month of shipment rather than futures contracts. The new system will be applied to Murban, Das, Umm Lulu, and Zakhum Upper grades, enhancing price transparency while maintaining ADNOC's commitment to deliver the contracted volumes of oil without affecting its financial instruments. The changes aim to support strong demand for its grades and ensure reliable supplies to customers worldwide.

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