ADNOC to adopt prompt‑month pricing based on Platts Dubai from Nov 1 2026

ADNOC pricing methodology Platts Dubai Murban futures Abu Dhabi crude

Abu Dhabi National Oil Company (ADNOC) announced that, effective 1 November 2026, it will replace its current Murban futures‑based Official Selling Price (OSP) methodology with a prompt‑month pricing framework anchored to the Platts Dubai benchmark. The new formula will add a company‑announced differential that will be disclosed in the month preceding the target delivery month.

The change applies to all four Abu Dhabi crude grades – Murban, Das, Umm Lulu and Upper Zakum – and is intended to align prices more closely with the actual month of loading. ADNOC said the shift will not materially affect its listed financial instruments, including its GMTN and Sukuk programmes, and will not impact its physical crude deliveries. The move follows the United Arab Emirates’ exit from OPEC and OPEC+ on 1 May 2026, which freed ADNOC from production quotas and supports a broader strategy of commercial autonomy.

Entities: Abu Dhabi · Abu Dhabi National Oil Company (ADNOC) · Borouge · Hazeem Sultan Al Suwaidi · Murban · OPEC · Platts Dubai · Ruwais production complex · United Arab Emirates

Claims

What the coverage asserts, and how well corroborated each claim is across sources.

[● 4 SOURCES] The change applies to all four Abu Dhabi crude grades: Murban, Das, Umm Lulu and Upper Zakum. (ADNOC announcement)
[● 4 SOURCES] ADNOC will change its Official Selling Price methodology effective 1 November 2026. (ADNOC announcement)
[● 4 SOURCES] ADNOC will continue to meet delivery obligations for its onshore and offshore crude grades. (ADNOC statement)
[● 4 SOURCES] The new methodology will replace the Murban futures‑based model with a prompt‑month pricing based on the Platts Dubai benchmark plus a company‑announced differential. (ADNOC announcement)
[● 2 SOURCES] The pricing shift follows the UAE’s exit from OPEC and OPEC+ on 1 May 2026, freeing ADNOC from production quotas. (Contextual reporting)
[● 4 SOURCES] The pricing change will not materially affect ADNOC's listed financial instruments, including its GMTN and Sukuk programmes. (ADNOC statement)
[● 2 SOURCES] Previously, ADNOC priced crude using the ICE Futures Abu Dhabi Murban contract, setting prices two months ahead of loading. (Background information)
[● 4 SOURCES] ADNOC says the new pricing aligns prices with the actual month of loading. (ADNOC statement)