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Abu Dhabi Wants to Revolutionize How Middle East Oil Is Sold

  • Emirate to begin trading of Murban crude futures on March 29
  • UAE’s aim to create oil benchmark underscores wider ambition
Crude Oil Shipments In The Persian Gulf
Photographer: Ali Mohammadi/Bloomberg
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Tucked between the Gulf of Oman and a craggy mountain range, the dusty port Fujairah isn’t an obvious base from which to try and revolutionize the Middle East’s oil markets.