The IFAD Murban futures contract is the first crude oil futures contract to be established in the Middle East since the Dubai Mercantile Exchanges commenced its Oman crude futures in 2007
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Posted inProducts & Services
ADNOC L&S acquires two additional VLCCs
8 VLCCs now announced in 2021 increasing crude capacity by 16 million barrels
Posted inProducts & Services
ADNOC to launch ICE Murban futures by end-March
First expiry month for new Murban crude futures will be June 2021
Posted inProducts & Services
ADNOC’s $3.5 billion project to upgrade Ruwais refining 73% complete
The project allows for the Upper Zakum grade to be processed along with over 50 other types of different crudes
Posted inProducts & Services
Abu Dhabi approves ADNOC’s new pricing structure for Murban crude
It will move from a retroactive to a forward pricing model, which is says would make it more appealing