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