Abu Dhabi – Mubasher: The Abu Dhabi National Oil Company (ADNOC) on Monday announced that it was seeking feedback from Asian buyers with regard to the changing of its monthly crude pricing mechanism, according to Reuters.
“ADNOC asks buyers whether it should maintain existing retroactive pricing system or change it to forward pricing, which would align pricing of Abu Dhabi grades with most of the other Middle East producers,” Reuters reported.
The UAE-based company is expecting buyers to reply by December 12, the international news agency concluded.
