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 market share.

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…

ADNOC proposed using the Dubai benchmark for offshore crude pricing. New all-time high for crude oil by December 31 at 15.5% YES.