A new pricing mechanism for Murban Crude

Abu Dhabi’s Supreme Petroleum Council approved on Monday the listing of Abu Dhabi National Oil Co’s Murban crude on a stock exchange, the emirate’s crown prince said on Twitter.

Sheikh Mohammed bin Zayed al-Nahyan tweeted: “With the blessing of UAE President HH Sheikh Khalifa, the Supreme Petroleum Council announced major increases in AbuDhabi oil & gas reserves & made historic decision to list on a stock exchange ADNOC Murban crude oil, strengthening Abu Dhabi’s position as a global energy player.”