UAE's ADNOC selects ICE for its Murban crude oil futures - sources - Reuters:
State-owned Abu Dhabi National Oil Co (ADNOC) has chosen the Intercontinental Exchange (ICE) to launch a regional oil benchmark based on its Murban crude grade by next year, three sources familiar with the matter said.
The move is part of a broader transformation strategy by ADNOC as it seeks to emulate the success of rival oil majors and bolster its regional influence.
Two sources said ADNOC may launch a new Murban futures contract as early as February 2020.
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