Previously, we reported that Abu Dhabi’s flagship crude, Murban crude, has rapidly risen to prominence, with Murban crude futures having rapidly evolved from a regional benchmark into a primary global pricing standard. Known for its high API gravity and low sulfur content, Murban serves as a globally recognized energy benchmark traded on the ICE Futures Abu Dhabi (IFAD) exchange. By offering continuous screen-trading, deep liquidity and the removal of destination restrictions, Murban has bypassed older, restricted benchmarks like Platts Dubai,…
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