Abu Dhabi Proposes New Offshore-Oil Pricing

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… 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)