Abu Dhabi Raises February Murban Crude Pricing After Saudi Boost

Adnoc increases Murban crude by 25 cts/bbl, to 75-cts premium
State producer Adnoc raises Upper Zakum; others left unchanged

The Ruwais refinery operated by Abu Dhabi National Oil Co. in Al Ruwais, United Arab Emirates.
Photographer: Christophe Viseux/Bloomberg

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By Anthony Di Paola

January 10, 2021 at 11:21 AM UTC

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Abu Dhabi raised pricing for February sales of its main crude grade after similar increases by Saudi Arabia, OPEC’s largest producer.

Government-owned Abu Dhabi National Oil Co. set Murban crude at a premium of 75 cents a barrel to the regional benchmark, according to a notice from the producer. That’s 25 cents more than in January. Abu Dhabi pumps almost all of the oil in OPEC member the United Arab Emirates.