Economic TimesLean R·
UAE to revamp crude pricing amid sharp market fluctuations
Abu Dhabi National Oil will alter its crude oil pricing methods starting November first. All Adnoc crudes will now use a regional Dubai benchmark published by Platts. This change aligns the UAE with other regional oil producers like Saudi Arabia. Asian oil refiners, who are major buyers, will find this adjustment significant. The shift follows recent volatility in regional oil market benchmarks.
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