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ADNOC Overhauls Crude Pricing Methodology
Abu Dhabi National Oil Co.
AI Summary
Abu Dhabi National Oil Co. is changing up the pricing formula it built its flagship crude benchmark on. ADNOC said Friday it will move away from its ICE Futures Abu Dhabi-based pricing methodology, which prices crude off the Murban futures contract two months ahead of loading, and switch to a prompt-month system built around the Platts Dubai benchmark. The…
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