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Adnoc removes destination curbs on crude grades ABU DHABI, 24 days ago The Abu Dhabi National Oil Company (Adnoc) said that it will remove destination restrictions on its Murban, Upper Zakum, Das and Umm Lulu crude grades, starting from the first traded contract month of the new ICE Murban Crude Oil Futures Contract. The company also confirmed that Adnoc Onshore, the producer of Murban Crude Oil, has launched a new monthly Murban Export Availability Forecast Report to provide forward visibility to market participants of expected Murban volumes available for export. ICE plans to launch ICE Futures Abu Dhabi (IFAD), Murban Crude Oil futures, and related cash settled derivatives and inter-commodity spreads, on March 29, 2021. Murban futures will go to physical delivery two months ahead, meaning that the delivery month for the contract is two months ahead of the pricing month.

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