Move will give the company greater flexibility to maintain competitiveness in volatile market

ADNOC will price Murban, Das, Umm Lulu and Upper Zakum off the Platts Dubai benchmark starting Nov. 1, dropping its Murban futures-based system.

ADNOC will shift all Abu Dhabi crude grades to prompt-month Platts Dubai pricing from November, improving price discovery and aligning crude pricing with refinery hedging