ADNOC shifts Abu Dhabi crude pricing to prompt-month methodology from November
Effective 1 November 2026, ADNOC will transition from the current ICE Futures Abu Dhabi-based pricing methodology to a prompt-month pricing methodology based on the Platts Dubai benchmark, plus an ADNOC-announced differential.
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ADNOC announced an update to the Official Selling Price (OSP) methodology for its Abu Dhabi crude grades following a regular commercial review. Effective 1 November 2026, ADNOC will transition from ICE Futures Abu Dhabi-based pricing using the Murban futures contract (which prices crude two months ahead of loading) to a prompt-month pricing methodology based on the Platts Dubai benchmark plus an ADNOC-announced differential announced in the month preceding target delivery month. The updated methodology applies across ADNOC's Abu Dhabi onshore and offshore crude grades, including Murban, Das, Umm Lulu and Upper Zakum, and aligns pricing more closely with the month of loading. ADNOC stated the change reinforces its commitment to pricing transparency and is not expected to have material impact on ADNOC listed instruments.
Source
Reported by: Gulf News 31 Jul 2026 Read the original ↗ More from Gulf News →
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Gulf News (UAE).
When was it announced?
31 Jul 2026.
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Read the original at Gulf News: https://gulfnews.com/business/energy/adnoc-changes-pricing-method-for-abu-dhabi-crude-from-november-1.500627123
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