Murban’s Growing Market Depth Puts It Head-to-Head With WTI in Asia

Back in 2016, Murban crude was introduced into the Dubai basket, along with Al-Shaheen, as a response to a lack of supply and price volatility caused by limited physical crude availability for the benchmark. Murban comes from the Murban oil field in Abu Dhabi--one of the seven emirates that form the United Arab Emirates--and is produced by the Abu Dhabi National Oil Company (ADNOC). It’s a light sweet crude with a sulphur content of 0.78% and an API gravity of 39.9 degrees. The move to include it in the basket was intended to deepen the pool…Weiter zum vollständigen Artikel bei OilPrice.com Weiter zum vollständigen Artikel bei OilPrice.com