ADNOC Cuts July Murban Crude OSP to $101.48 per Barrel

Key Facts

1ADNOC set the July official selling price (OSP) for its benchmark Murban crude at $101.48 per barrel.

2The new price represents a decrease from the previous month's OSP of $104.44 per barrel.

In a move reflecting monthly pricing cycles and shifting market dynamics, ADNOC has updated the official selling prices for its flagship crude grades. The company set the July official selling price (OSP) for its benchmark Murban crude at $101.48 per barrel. This new price represents a decrease from the previous month's OSP, which stood at $104.44 per barrel.

This pricing adjustment arrives as global energy markets balance Asian demand signals against logistical developments. Per market data, the reduction follows a period of elevated pricing and aligns with broader industry trends after the resumption of crude loading in the Strait of Hormuz. This operational stability has helped ease the geopolitical risk premiums that characterized the market earlier in the quarter.

Traders should monitor how this OSP impacts regional differentials relative to Brent futures, which traded near the $102 level as of late June 2026. Looking ahead, upcoming economic catalysts include Japan's inflation data on June 18, 2026, which may provide further insight into demand strength from one of the primary consumers of UAE crude exports.