Abu Dhabi, July 31 -- Abu Dhabi National Oil Company (ADNOC) has announced an update to the Official Selling Price methodology for its Abu Dhabi crude grades, transitioning to a prompt-month pricing structure following a regular commercial review.

According to ADNOC, effective November 1, 2026, the state-owned energy group will shift from its current ICE Futures Abu Dhabi-based pricing mechanism to a prompt-month pricing framework. The existing model utilizes the Murban futures contract and prices crude two months ahead of loading.

Under the revised approach, pricing will be based on the Platts Dubai benchmark, supplemented by an ADNOC-announced differential set in the month preceding the target delivery month.

The updated methodology ...