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ADNOC sets the first official selling price for Lulu's new crude
Abu Dhabi National Oil Company (ADNOC) said it had retroactively set its first official selling price for its new crude, Lulu, at $ 81.80 per barrel in October shipments.
October shipments from Umm Lulu are sold at a premium of $ 1.75 a barrel above Dubai's average price for the month.
The table below shows the latest official selling prices (and their price differentials with Dubai in parenthesis) in dollars per barrel.
October September change
Merban 82.30 (+2.91) 80.35 (+3.10) +1.95 (-0.19)
Mother of Lulu 81.80 (+1.75) Not Available Not Available
DAS 81.70 (+2.31) 79.80 (+2.55) +1.90 (-0.24)
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