Intercontinental Exchange (ICE) has begun trading Murban Futures, the fruition of the plan launched in November 2019.
Adnoc has signed up two more potential Murban Futures customers and lifted destination restrictions, in addition to providing more market information.
Adnoc has signed on to decarbonisation plans with the Japanese Ministry of Economy, Trade and Industry (METI) while also securing support for the launch of its new Murban future.
Intercontinental Exchange (ICE) plans to launch ICE Futures Abu Dhabi (IFAD) and the world’s first futures contracts based on Murban crude oil on March 29, 2021.
Abu Dhabi is taking steps to cement its position as a reliable supplier through the launch of the Murban Futures contract.