ADNOC, ICF Update Murban Futures Contract

• Thursday, 25th February 2021
• by Fatma Ahmed

The Abu Dhabi National Oil Company (ADNOC) and Intercontinental Exchange (ICE) announced the update of the Murban Crude Oil futures, a press release reported. ICE Futures Abu Dhabi (IFAD) will start trading ICE Murban...

Iraq Revises Price Mechanism for 2021 Shipments

• Tuesday, 24th November 2020
• by Editorial Team

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, according to ...

Abu Dhabi Sees Boost in Oil, Gas Reserves

• Tuesday, 5th November 2019
• by Editorial Team

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 ...

Government Chooses Provider of Fuel Hedging Contract

• Monday, 13th August 2018
• by Editorial Team

The oil and finance ministries have chosen a firm to sign fuel hedging contracts with the government, anonymous sources told Amwal Al Ghad. The fuel hedging solution was proposed by the two ministries to prevent risin...

Egypt to Purchase Insurance Against Oil Price Fluctuations

• Thursday, 26th July 2018
• by Editorial Team

The Egyptian cabinet has announced that the country will purchase insurance contracts from international financial institutions to hedge against fluctuating global oil prices, Reuters reported. “The Minister of Petrol...