Abu Dhabi targets Murban oil futures

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By GlobalCapital
05 Nov 2019

Abu Dhabi will launch a futures contract for its state-owned oil company’s onshore crude oil product in 2020, after a decision this week by the country's petroleum regulator.

Abu Dhabi’s Supreme Petroleum Council announced the introduction of a futures contract on Tuesday.

The new futures contract for the Abu Dhabi National Oil Company’s Murban crude is intended to reinforce UAE’s position as a reliable energy provider. ADNOC said it would move from a retroactive official selling ...

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