Abu Dhabi Proposes New Offshore-Oil Pricing

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Abu Dhabi National Oil Co. is proposing a new pricing methodology for crude supplies to term customers that aligns more closely with wider regional trading norms. This shift signals a potential change in how the UAE’s largest oil company approaches oil sales agreements.

Abu Dhabi National Oil Co., the UAE’s biggest oil company, is proposing a new pricing methodology for the sale of crude supplies to term customers, opting for an approach that’s more aligned with wider regional trading norms, according to people with direct knowledge of the matter. Bloomberg's Anthony di Paola reports. (Source: Bloomberg)