Aramco raised the price for Arab Extra Light by $2.20-a-barrel to $4 above the Oman-Dubai benchmark to Asia for December
Murban crude
Latest in Murban crude
ADNOC
Abu Dhabi Murban crude set at $63.35 a barrel on June futures
Official selling price for Murban is determined based on futures trading on the ICE Future Abu Dhabi exchange, which Adnoc owns along with Atlanta-based Intercontinental Exchange Inc
ADNOC
Abu Dhabi’s Murban crude oil trading is ‘positive’ for the market: IEF chief economist
The launch has the potential to help ADNOC cement its position as a key oil producer and support its ambitions to expand crude capacity to 5 million barrels per day by 2030
ADNOC
Abu Dhabi makes a bold bid to create new global oil benchmark
Trading on the contract’s first day has “been a real success so far,” said Stuart Williams, president of ICE Futures Europe
Basrah Light crude
Video: ‘I cannot see us not agreeing’ on an OPEC+ production cut, says UAE energy minister
Ahead of meetings with non-OPEC allies in Vienna Friday, The UAE’s Energy Minister Suhail al-Mazrouei discussed the possibility that Russia would agree to proposed production cuts.