Abu Dhabi Hopes Murban Crude Becomes Global Benchmark

The video discusses the launch of a new futures contract for Mehrban crude oil, highlighting its demand and global partnerships. It addresses market liquidity, supply assurance, and compatibility with OPEC. The potential impact of the Suez Canal blockage and the COVID-19 pandemic on the oil market is also explored, with an optimistic outlook on demand recovery.

What factors contribute to the demand for the MEHRBAN futures contract?

What role do non-physical players have in contributing to the liquidity of the MEHRBAN market?

How does ADNOC ensure a reliable supply of crude oil despite OPEC plus quotas?

In what ways can the MEHRBAN contract be seen as complementary rather than competitive to Brent?

How does the introduction of the MEHRBAN contract provide new tools for oil producers?

What are the potential risks associated with the blockage in the Suez Canal for ADNOC?

What are the expected impacts of COVID-19 vaccine rollouts on oil demand in Europe?