Abu Dhabi National Oil Company Adjusts Offshore Crude Pricing, Ties to Dubai Benchmark on July 13

According to Jin10, on July 13, Abu Dhabi National Oil Company (ADNOC) adjusted its offshore crude pricing mechanism to support deliveries outside the Strait of Hormuz, with prices tied to Dubai benchmark rates.

For August deliveries via ship-to-ship (STS) transfers at Fujairah, ADNOC will price Upper Zakum and Das crude at a $0.80 premium per barrel to Dubai crude, while Umm Lulu crude will carry a $1.00 premium per barrel.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments