Abu Dhabi Makes a Bold Bid to Create New Global Oil Benchmark

‘The market has been looking for’ Murban futures, Adnoc says
Oil in $60s is ‘sustainable,’ says firm’s trading head Salmeen

Khaled Salmeen, executive director of supply and trading at Abu Dhabi National Oil Co., discusses Murban crude. (Source ‘Bloomberg Daybreak: Middle East’)(Source: Bloomberg Daybreak: Middle East)

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By Anthony Di Paola, Manus Cranny, and Annmarie Hordern

March 29, 2021 at 4:33 AM UTC

Updated on

March 29, 2021 at 11:15 AM UTC

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Abu Dhabi started trading futures contracts for Murban crude, its biggest oil grade, in a bid to create a benchmark for the energy market.