ADNOC changes crude pricing to prompt-month system Abu Dhabi National Oil Co. is overhauling its crude pricing methodology. The new formula will use the Platts Dubai benchmark instead of the ICE Futures Abu Dhabi-based pricing methodology. The change takes effect
ADNOC changes crude pricing to prompt-month system
Abu Dhabi National Oil Co. is overhauling its crude pricing methodology.
The new formula will use the Platts Dubai benchmark instead of the ICE Futures Abu Dhabi-based pricing methodology.
The change takes effect on November 1 and applies to all four Abu Dhabi grades: Murban, Das, Umm Lulu, and Upper Zakum.
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