ICE Futures Abu Dhabi
Shaping the future of global markets
In November 2019, ICE announced its plans to launch ICE Futures Abu Dhabi (IFAD), with the Abu Dhabi National Oil Company (ADNOC) and nine of the world’s largest energy traders partnering with ICE on the launch.
IFAD, which launched in March 2021, is home to the world’s first Murban Crude futures contract, offering transparent pricing for this global crude for the first time. By establishing a secondary market and offering inter-commodity spreads, participants have more options to manage risk and clear trades.
ICE Murban Futures is complemented with a range of cash settled derivatives, which IFAD launched for day one of trading. The full list of contracts can be found here.
Contracts traded at IFAD are cleared at ICE Clear Europe, a leading energy clearing house, and clear alongside global oil benchmarks - ICE Brent, ICE WTI, ICE (Platts) Dubai and ICE Low Sulphur Gasoil - allowing customers to benefit from associated margin offsets and delivering capital efficiencies.
Related content
ICE Murban Futures
A new benchmark is here. The Middle East is a key crude supplier to Asia, exporting more than two thirds of its oil to the region. Sourced from ADNOC’s onshore concessions, Murban crude is recognized for its production capacity of around 2 million barrels of high quality crude, representing more than half of the UAE total oil production.
How to access the IFAD Murban related contracts
If you do not meet the balance sheet or volume thresholds set by the Murban equity producers, there is a new way to secure a physical offtake. Learn how you can trade Murban Crude barrels with this guide.
The prospects of Murban as a benchmark
ICE’s Head of Oil Market Research, Mike Wittner writes for the Oxford Institute for Energy Studies on what makes Murban a potential benchmark.
ICE Murban Futures
A new benchmark is here. The Middle East is a key crude supplier to Asia, exporting more than two thirds of its oil to the region. Sourced from ADNOC’s onshore concessions, Murban crude is recognized for its production capacity of around 2 million barrels of high quality crude, representing more than half of the UAE total oil production.
How to access the IFAD Murban related contracts
If you do not meet the balance sheet or volume thresholds set by the Murban equity producers, there is a new way to secure a physical offtake. Learn how you can trade Murban Crude barrels with this guide.
The prospects of Murban as a benchmark
ICE’s Head of Oil Market Research, Mike Wittner writes for the Oxford Institute for Energy Studies on what makes Murban a potential benchmark.