ADNOC Updates Pricing Method for Abu Dhabi Crude

Jul 31, 2026

53 min

Jul 31, 2026 17:30

ADNOC changes pricing method for Abu Dhabi crude from November

## New Pricing Methodology

Starting November 1, 2026, ADNOC will implement a revised pricing strategy for its Abu Dhabi crude grades. This change follows a routine commercial review and aims to enhance transparency and align pricing more closely with the month of loading.

## Transition from Current System

The current pricing system, based on ICE Futures Abu Dhabi and the Murban futures contract, prices crude two months ahead of loading. The new approach will use the Platts Dubai benchmark, plus an ADNOC-announced differential, to set prices for the prompt month.

## Affected Crude Grades

The updated pricing will apply to ADNOC’s onshore and offshore crude grades, including Murban, Das, Umm Lulu, and Upper Zakum. This adjustment is part of ADNOC's commitment to providing reliable energy supplies and maintaining strong demand for its crude.

## Impact on Financial Instruments

The change is not expected to significantly affect any ADNOC listed financial instruments, such as those under the Murban GMTN or Sukuk programs. ADNOC assures that it will continue to fulfill all delivery obligations for its crude grades.

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