Adnoc revises Abu Dhabi crude prices
Adnoc announced an update to the pricing mechanism for Abu Dhabi crude oils, effective from November 1, 2026. The system will shift from an International Exchange-based approach to a pricing mechanism based on the Dubai Platt's (PCAAT00) benchmark, with a price differential announced one month prior to delivery. The update aims to enhance price transparency and ensure that pricing aligns with the month of loading, while maintaining the company's commitments to customers and supplies. The report indicates strong demand for its crudes and states that the changes are not expected to impact its financial instruments or market commitments.
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