Abu Dhabi’s Adnoc has issued forward-looking prices for its crude exports for one month to make them more competitive after Saudi Arabia’s record price cuts. Adnoc set the ofcial price of April-loading cargoes of its light sour Murban crude at a $2.75/bl discount to benchmark Dubai on 13 March. It marks the frst time it has set export prices a month before loading, and the frst time the ofcial price of Murban has been at a discount to Dubai, Argus data show. Adnoc set of- fcial prices for its other crude export streams at diferentials to Murban. It also set March cargo prices on 13 March, keeping them in line with February values.
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