Pricing Mechanism

  • ADNOC, ICF Update Murban Futures Contract

    ADNOC, ICF Update Murban Futures Contract

    Thursday, 25th February 2021

    The Abu Dhabi National Oil Company (ADNOC) and Intercontinental Exchange (ICE) announced the update of the Murban Crude Oil futures.

  • Iraq Revises Price Mechanism for 2021 Shipments

    Iraq Revises Price Mechanism for 2021 Shipments

    Tuesday, 24th November 2020

    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 Sees Boost in Oil, Gas Reserves

    Tuesday, 5th November 2019

    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 oil and natural gas reserves, as well as new discoveries in Abu Dhabi.

  • Government Chooses Provider of Fuel Hedging Contract

    Government Chooses Provider of Fuel Hedging Contract

    Monday, 13th August 2018

    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

    Egypt to Purchase Insurance Against Oil Price Fluctuations

    Thursday, 26th July 2018

    The Egyptian cabinet has announced that the country will purchase insurance contracts from international financial institutions to hedge against fluctuating global oil prices.