On 29 March 2021, ICE Murban crude oil futures began trading on the new ICE Futures Abu Dhabi (IFAD) exchange. Nine of the world’s largest energy traders joined ICE and the Abu Dhabi National Oil Company (ADNOC) as founding partners in IFAD; these partners include BP, GS Caltex, INPEX, ENEOS (formerly JXTG), PetroChina, PTT, Shell, Total, and Vitol.
In this presentation from GEPEC 2021 hosted by Platts, Mike Wittner, ICE’s head of oil market research, examined the fundamental characteristics of Murban that should make it a successful benchmark.
Learn how the Murban futures contracts are delivered and settled.
Stuart Williams, President, ICE Futures Europe, and Khaled Salmeen, Executive Director of Marketing, Supply & Trading, ADNOC discuss the launch of ICE Futures Abu Dhabi (IFAD) and Murban Crude Futures.
Product details for Murban Crude Oil Futures that trade on ICE Futures Abu Dhabi.
ICE’s Head of Oil Market Research, Mike Wittner writes for the Oxford Institute for Energy Studies on what makes Murban a potential benchmark.
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.