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Abu Dhabi proposes new oil-pricing system to mirror wider market
Abu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The company is considering setting official selling prices for Upper Zakum, Das, and Umm Lulu grades based on a differential to the Dubai benchmark, a move that could simplify comparisons with other regional crudes and support increased production following the UAE's exit from OPEC.
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economictimes.indiatimes.com
Abu Dhabi proposes new oil-pricing system to mirror wider market
Abu Dhabi National Oil Co. is proposing a shift in how it prices crude for term customers, aligning with regional trading norms. The company is considering setting official…
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cryptobriefing.com
ADNOC proposes shift to Dubai benchmark for offshore crude pricing
ADNOC proposed using the Dubai benchmark for offshore crude pricing. New all-time high for crude oil by December 31 at 15.5% YES.
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oilprice.com
UAE Rewrites Offshore Oil Pricing To Capture Asian Markets | OilPrice.com
No longer restricted by OPEC caps and launching a major post-quota production increase, the UAE is aligning its pricing strategy to compete effectively for long-term Asian spot…
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UAE positions Murban crude as global benchmark to capture Asian markets
UAE positions Murban crude as a global benchmark to capture Asian markets. Crude oil reaching a new all-time high by December 31 at 9.5% YES.