Abu Dhabi National Oil Company (Adnoc) has announced changes to the Official Selling Price (OSP) methodology for its Abu Dhabi crude grades following a routine commercial review.

The new pricing mechanism will take effect on November 1, 2026.

Under the revised system, Adnoc will replace the current ICE Futures Abu Dhabi-based methodology, which uses the Murban futures contract and prices crude two months ahead of loading, with a prompt-month pricing model based on the Platts Dubai benchmark (PCAAT00) plus an Adnoc-announced differential.

The differential will be published in the month preceding the target delivery month.

The updated methodology will apply to all major Abu Dhabi crude grades, including Murban, Das, Umm Lulu and Upper Zakum, bringing pricing more closely in line with the month of loading.

Adnoc said the change reflects its commitment to enhancing pricing transparency while continuing to meet strong global demand for its crude grades through its integrated trading, shipping and logistics network.

The company added that the revised pricing mechanism is not expected to have a material impact on any of its listed financial instruments, including issuances under Adnoc Murban’s GMTN or Sukuk programmes.

Adnoc also confirmed it will continue to meet all delivery obligations for its crude grades. -OGN/TradeArabia News Service