ADNOC, ICF Update Murban Futures Contract
The Abu Dhabi National Oil Company (ADNOC) and Intercontinental Exchange (ICE) announced the update of the Murban Crude Oil futures.
Pricing Mechanism | Egypt Oil & Gas
Iraq Revises Price Mechanism for 2021 Shipments
Iraq’s Oil Marketing Company (SOMO) has introduced a new look pricing mechanism used to compensate buyers for fluctuations in the density of its crude exports, which will commence with shipments in 2021.
Abu Dhabi Sees Boost in Oil, Gas Reserves
Abu Dhabi’s Supreme Petroleum Council (SPC) approved the launch of a new pricing mechanism for the Abu Dhabi National Oil Company's (ADNOC) onshore crude oil and Murban. Furthermore, it announced an increase in oi ...
Government Chooses Provider of Fuel Hedging Contract
The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government.
Egypt to Purchase Insurance Against Oil Price Fluctuations
The Egyptian cabinet has announced that the country will purchase insurance contracts from international financial institutions to hedge against fluctuating global oil prices.
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