Adnoc revises Abu Dhabi crude pricing

Adnoc, the Emirati company, announced an update to the pricing mechanism for Abu Dhabi crude oils. Starting from November 1, 2026, a new monthly pricing system will be implemented based on the Dubai Platts benchmark, replacing the previous pricing mechanism that was based on the Murban futures contracts. The change aims to enhance transparency and align pricing more closely with the actual loading months. It will cover all onshore and offshore crudes from Abu Dhabi fields, thereby supporting market demands and ensuring reliable oil supplies for customers worldwide. The new pricing mechanism has been designed to improve price accuracy and reinforce Adnoc’s commitment to its clients and investors, without affecting its financial instruments or energy obligations.

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