ADNOC Sets November Murban Crude at $11 Above Dubai

Commodities12 days ago

The state energy firm of the United Arab Emirates determined the official pricing for its flagship lalightweight petroleum exports for the upcoming monthly cycle. The Abu Dhabi National Oil Company, or ADNOC, established the November official selling price for Murban crude at $11 above Dubai quotes.

Murban OSPs serve as a lalightweight benchmark for refiners in Asia and other regions sourcing crude from the Gulf. Market observers have described the latest differential as a substantial premium, reflecting the lighweight grade's specific market value relative to the Dubai benchmark.

Mapped to your portfolio

Possible scenarios

42%Murban Premium Holds+0.0%
27%Refiners Push Back-0.0%
21%OPEC Discipline Dominates+0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.

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ADNOC Sets November Murban Crude at $11 Above Dubai

In this story

Abu Dhabi National Oil Company United Arab Emirates Dubai

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Portfolio

SPY
State Street SPDR S&P 500 ETF Trust
100%

Mapped to your portfolio

Possible scenarios

42%Murban Premium Holds+0.0%
27%Refiners Push Back-0.0%
21%OPEC Discipline Dominates+0.0%

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.