ADNOC Oil Prices to Change From November 2026 Under New Benchmark
Abu Dhabi National Oil Company (ADNOC) will introduce a new pricing system for its crude oil from November 1, 2026. The change means ADNOC oil prices for its main crude grades will be linked to the prompt-month Platts Dubai benchmark instead of Murban crude futures.
The updated pricing method will apply to key export grades, including Murban, Das, Umm Lulu and Upper Zakum.
ADNOC said the new system will allow it to publish a premium or discount against the Dubai benchmark closer to the cargo loading month. The move is expected to make ADNOC oil prices more transparent and better reflect market conditions.
Industry experts believe the change will help buyers and traders compare Abu Dhabi‘s crude with other regional oil benchmarks more easily. It also comes at a time when global energy markets continue to adjust to changing trade flows and price movements.
ADNOC confirmed that the new pricing method will not affect its crude supply commitments. Trading of Murban futures on ICE Futures Abu Dhabi (IFAD) will continue for contracts that remain active, while inactive contracts will gradually be phased out before the November transition.
The update marks an important step for Abu Dhabi’s energy sector and is expected to strengthen confidence in ADNOC oil prices among customers and investors worldwide.
