Stay updated with breaking news from Murban. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The collective release of 180 million barrels from the United States and IEA member countries has flattened oil futures’ forwards curve, easing fears of unprecedented tightness in the markets
Cash prices for key crude oil grades produced in the Middle East, Europe and the United States have slumped in recent weeks from record premiums to futures benchmarks, as refiners balk at higher operating costs and major economies get set to release a flood of oil from strategic reserves. Crude benchmarks traded in spot markets ...
Adnoc, Intercontinental Exchange (ICE) and partners in ICE Futures Abu Dhabi (IFAD) yesterday (March 29) celebrated the first anniversary of trading of the Murban Futures Contract on the IFAD commodities exchange.
<p><span>Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, and the Abu Dhabi National Oil Company (ADNOC), today marked the first anniversary since the launch of ICE Futures Abu Dhabi (IFAD) and ICE Murban Crude Oil futures.</span></p>
Middle East oil producers continue to hike their prices despite the fact that heavily-discounted Russian crude is making its way to the same, heavily contested Asian market