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Mubran Futures

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Is ADNOC's Murban Futures a Threat to OPEC’s Cohesion?
March 24th, 2021 - 08:00 GMT

Is ADNOC's Murban Futures a Threat to OPEC’s Cohesion?

Abu Dhabi National Oil Company (ADNOC) will soon start its futures market for its flagship Murban crude, which from June 2021 will form the basis for its monthly official selling price for oil exports. The Intercontinental Exchange plans to launch an Abu Dhabi-based exchange, on which the Murban futures contracts and related cash-settled derivatives and inter-commodity spreads will start trading by the end of this month. The first expiry month ...
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