The launch of the UAE crude oil exchange


The Intercontinental Exchange said, on Monday, that it plans to launch the Abu Dhabi Intercontinental Futures Exchange and trade in futures contracts for crude oil, “Murban” in the late first quarter of 2021.

The Abu Dhabi National Oil Company (ADNOC) said, last year, that Murban crude will be traded on a new local exchange, the Abu Dhabi Intercontinental Exchange Futures Exchange, jointly owned by Abu Dhabi and several major oil companies, and the Intercontinental Exchange, which includes Brent trading. ” Also.

Murban is considered one of the best crude oil in the world thanks to its unique chemical properties, stable production levels, attractiveness and popularity with international buyers and production companies and long-term concessions.

Source: “Reuters”


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