7.4 billion barrels of Murban crude oil have been traded

According to Amac News: The company said that Murban is the best crude oil of the UAE, which is supplied by ADNOC to meet the global demand, and is considered one of the low-carbon crude oils in the world.
According to the report, the Murban ICE market recorded a record volume of transactions with more than 1.5 million trading contracts, equivalent to 1.5 billion barrels of Murban crude oil, which has increased by more than 160% since the beginning of 2024.
According to the report, during the month of June, Murban futures reached a series of trading days with a record volume of 57,300 contracts, equivalent to 57.3 million barrels on June 10, 2024.
* In addition, the average daily volume of Murban futures until June reached a record of 31,000 contracts equivalent to 31 million barrels.
Since the launch of IFAD, 7.4 billion barrels of Murban crude oil have been traded and 267 million barrels of Murban crude oil have been delivered through IFAD.
More than 160 participants have traded at IFAD to date from across Asia, the US, Europe and the Middle East, including commercial and financial participants.
Murban is part of the ICE global oil complex, which covers more than 800 futures and options contracts, centered on Brent, which is used to price more than three-quarters of international crude oil.
Global ICE broad commodity markets, including benchmark oil and natural gas contracts, recorded record trading activity in the second quarter of 2024 with more than 305 million contracts traded, reflecting IFAD's continued success.