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ICE

ICE Murban Futures

A new benchmark is here. The Middle East is a key crude supplier to Asia, exporting more than two thirds of its oil to the region. Sourced from ADNOC’s onshore concessions, Murban crude is recognized for its production capacity of around 2 million barrels of high quality crude, representing more than half of the UAE total oil production.

TRADE THE FIRST MURBAN FUTURES CONTRACT

ICE Futures Abu Dhabi & Murban Report

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ICE Murban futures provide transparent pricing and a forward curve to participants, establishing a secondary market for the first time. Murban represents a new oil benchmark, with this light sweet crude well-positioned to serve a global market.

Traded on ICE Futures Abu Dhabi, the contract complements ICE’s global oil complex of over 600 products covering 47 distinct geographic locations. This provides participants with delivery at the point of consumption, capital efficiency, and inter-commodity spreads between ICE exchanges.

At the Home of Global Energy


Primer

Detailed overview of ICE Futures Abu Dhabi and Murban Crude Oil Futures.

FAQ

Answers to frequently asked questions about ICE Futures Abu Dhabi and Murban Crude Oil Futures.

Resources


ARTICLE

Understanding Murban settlement and expiry

Learn how the Murban futures contracts are delivered and settled.

VIDEO

Bringing a Middle Eastern Crude to a Global Market

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 SPEC

Futures & Options

Product details for Murban Crude Oil Futures that trade on ICE Futures Abu Dhabi.

ARTICLE

The Prospects of Murban as a Benchmark

ICE’s Head of Oil Market Research, Mike Wittner writes for the Oxford Institute for Energy Studies on what makes Murban a potential benchmark.

TRAINING GUIDE

How to access the IFAD Murban related contracts

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.

VIDEO

GEPEC Virtual Conference - The Prospects of Murban as a Benchmark with Mike Wittner

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.