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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…
AI Summary
The Abu Dhabi National Oil Company announced that from November 1, 2026 all of its Abu Dhabi crude grades will be priced using a prompt‑month methodology tied to the Platts Dubai benchmark. This shift marks one of the largest changes to Middle Eastern crude pricing in recent years. The new system will replace the current pricing structure for all Abu Dhabi grades, aligning them with the Dubai benchmark for immediate delivery. The change is effective at the start of 2026 and will affect all future sales of ADNOC’s crude.
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