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Abu Dhabi abandons global oil benchmark construction, ADNOC resumes pricing crude oil based on Dubai benchmark
2026-08-01 00:23:49
According to CoinMeta, and as reported by the Financial Times, Abu Dhabi has abandoned its plan to establish a global oil benchmark. Abu Dhabi National Oil Company (ADNOC) has resumed pricing its crude oil based on the Dubai benchmark. This change was made after the Iran war exposed issues with the Mubadil futures market.
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Source：Financial Times
This content is for market information only and does not constitute investment advice.
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