UAE Adjusts Offshore Crude Oil Pricing Mechanism to Support Delivery via the Strait of Hormuz

金十2026/07/13 09:38

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```htmlGolden Ten Data reported on July 13 that, according to a pricing document, Abu Dhabi National Oil Company will sell offshore crude oil with pricing linked to the Dubai benchmark, allowing pickup outside the Strait of Hormuz. For crude oil delivered in August, if ship-to-ship (STS) transfers are conducted in Fujairah, the oil company will price it based on the Dubai crude benchmark. Upper Zakum and Das crude oil will be priced at a premium of $0.80 per barrel over Dubai crude, while Umm Lulu crude will be priced at a premium of $1 per barrel over Dubai crude. All these crudes are produced from fields within the Persian Gulf. Additionally, these crudes will continue to be sold at their original loading locations.```

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