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ADNOC Updates Crude Pricing Methodology

ADNOC changes crude pricing methodology

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12:16:55 PM UTC
SquawkNews
ADNOC Announces Update To Its Crude Pricing Methodology

Effective 1 November 2026, ADNOC Will Transition From The Current ICE Futures Abu Dhabi-Based Pricing Methodology ADNOC Will Transition To A Prompt-Month Pricing Methodology Based On The Platts Dubai Benchmark Plus An ADNOC-Announced Differential That Will Be Announced In Month Preceding Target Delivery Month Updated Methodology Will Apply Across ADNOC s Abu Dhabi Onshore And Offshore Crude Grades, Including Murban, Das, Umm Lulu And Upper Zakum Updated Methodology Aligns Pricing More Closely With The Month Of Loading Continues To See Strong Demand For Its Crude Grades And Remains Focused On Providing Reliable Energy Supplies To Customers New Pricing Mechanism Reinforces ADNOC s Commitment To Pricing Transparency For Its Growing Customer And Investor Base Change In Pricing Mechanism Is Not Expected To Have A Material Impact On Any ADNOC Listed Instruments Will Continue To Meet All Of Its Obligations With Regard To Delivery Of Its Abu Dhabi Onshore And Offshore Crude Grades