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The Prospects of Murban as a Benchmark with Mike Wittner

Global Executive Petroleum Virtual Conference (GEPEC), June 2021

On 29 March 2021, ICE Murban crude oil futures began trading on the new ICE Futures Abu Dhabi (IFAD) exchange. Nine of the world’s largest energy traders joined ICE and the Abu Dhabi National Oil Company (ADNOC) as founding partners in IFAD; these partners include BP, GS Caltex, INPEX, ENEOS (formerly JXTG), PetroChina, PTT, Shell, Total, and Vitol.

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.