Locator: 45136OIL.
Updates
April 14, 2022: in a rare deal, Glencore sold one million bbls of Murban crude to US refiner MPC as more U.S. refiners seek replacements for Russian oil.
The deal also comes as the economics of moving Middle East crude to the United States, the world's No. 2 crude importer, have become attractive, they said.
Background
A benchmark for the Middle East? Link here.
See blog: link here.
Wikipedia:
- Abu Dhabi
- ADNOC
- light, sour
- field discovered in 1953
- total proven reserves: 10 billion bbls
- 250,000 bopd
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