03 July 2025: 09:30 BST
The Officials have asked senior personnel at IFAD (ICE is the majority shareholder and operator of the exchange) some questions regarding operations at the exchange and its delivery mechanism for Murban. Murban crude oil is the flagship powering the IFAD exchange and feeds the deliveries on the physical exchange. Based on agreements between ADNOC, its term lifters and equity producers they will use the monthly average price for Murban as formed on the IFAD exchange to set the Official Selling Price for Murban barrels loading two months forward.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST). For any comments, please reach out to us through the emails provided in the signed documents.
