Will Murban Futures Rock OPEC’s Cohesion? – OpEd

By Faisal Faeq*

Abu Dhabi National Oil Company (ADNOC) will soon start its futures market for its flagship Murban crude, which from June 2021 will form the basis for its monthly official selling price for oil exports.

The Intercontinental Exchange plans to launch an Abu Dhabi-based exchange, on which the Murban futures...