EnergyReader · 2026-08-03 01:28

ADNOC to Switch All Crude Pricing to Brent from November as Benchmark Volatility Bites

By EnergyReader Newsroom · August 3, 2026

Abu Dhabi National Oil Co. will reprice all of its crude oil grades against a new benchmark starting November 1, the company said, ending months of uncertainty that followed wild swings in the marker it had been using to underpin its sales contracts. About 110 million barrels have been sold under the existing structure, according to the announcement, giving the scale of the transition facing buyers across Asia and Europe.

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ICE Brent crude futures, front-month → OPEC reference basket → Strait of Hormuz oil/LNG transit flows → China crude oil imports →

Connected coverage Stories linked to Brent through the market graph: same hub, spread, route or driver.

ICE Brent Crude Front-Month Hits $104.80 as Equity Markets Stay Calm Through Seven-Month Supply Crunch 2h ago · Brent same market Oil Holds Above $100 as Fed Rate Hike Bets Stay Firm on Energy Inflation 3h ago · Brent same market Asian Refiners Pay Record Dubai Premiums as Futures Markets Signal Diverging Supply 7h ago · Dubai Crude shared: Saudi Crude Production … Saudi Pipeline Partial Restart Pulls WTI Back From Recent Highs 4h ago · WTI via Global Crude Balance Bond Yields at 19-Year Highs Fail to Shift WTI From $102 13h ago · WTI via Global Crude Balance ULSD Heating Oil Retreats While Crude Climbs as Distillate Demand Weighs on Complex 34m ago · ULSD same desk

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