What the benchmark represents
Murban futures are physically delivered against the named Abu Dhabi grade. Contract month, settlement type and rollover method must be stated before a futures history is compared with a spot assessment.
Murban oil benchmark and supply.
Murban is a light Abu Dhabi crude grade and the deliverable basis of the ICE Futures Abu Dhabi Murban contract. The primary chart tracks ADNOC’s published export availability in thousand barrels per day, giving a direct view of expected physical supply.
Murban export availability forecast.
ADNOC’s February 2026 report projects monthly Murban volumes available for export. This supply chart adds physical-market context but must not be read as a settlement or forecast price.
MarketICE Futures Abu Dhabi
Physical sourceADNOC Onshore
Forecast unitThousand barrels per day
Quality40.5° gravity · 0.79% sulfur
Thousand barrels per day. Source: ADNOC Murban Export Availability Forecast Report, February 2026.
| Period | Murban · Thousand barrels per day |
|---|---|
| Feb 2027 | 1,605 |
| Jan 2027 | 1,615 |
| Dec 2026 | 1,615 |
| Nov 2026 | 1,615 |
| Oct 2026 | 1,610 |
| Sep 2026 | 1,605 |
| Aug 2026 | 1,605 |
| Jul 2026 | 1,610 |
| Jun 2026 | 1,610 |
| May 2026 | 1,460 |
| Apr 2026 | 1,600 |
| Mar 2026 | 1,595 |
This is a physical-supply chart. Values are thousand barrels per day of forecast export availability. Futures prices use a separate contract-specific series.
How to read the Murban benchmark.
How quality affects value
At 40.5° petroleum gravity, Murban is distinctly light. The cited S&P table gives 0.79% sulfur, above its 0.5% sour boundary. ICE describes Murban as light sweet, which shows why the measured sulfur value and classification rule should accompany the label.
What the supply forecast shows
The ADNOC report describes export availability, including a planned-maintenance effect in May 2026. Available barrels can inform market context, but volume and price are different measures.
Continue with crude quality and company research.
The shared research lives on dedicated pages, so this benchmark page can stay focused on its own price, definition and market role.
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Understand Murban.
ADNOC / ICE Futures Abu Dhabi →Benchmark specification
- Region
- United Arab Emirates
- Quality / composition
- Light crude · 40.5° gravity · 0.79% sulfur
- Price type
- Futures benchmark / physical export grade
Reading the series
Murban has its own physical delivery and futures specifications. Contract month and rollover method matter when interpreting a futures price history.
Timing and drivers
The chart tracks ADNOC’s monthly export-availability forecast. Futures settlements are a separate contract-specific price series.
Watch: Crude availability, Asian refinery preferences, export flows and delivery-month pricing.
Questions about the Murban benchmark.
What does the Murban chart measure?
It measures ADNOC’s monthly Murban export-availability forecast in thousand barrels per day. Futures settlements use a separate contract-specific price series.
Is Murban light, sweet or sour?
Murban is light at 40.5° petroleum gravity. ICE markets it as light sweet, while the cited S&P table gives 0.79% sulfur and uses a 0.5% sour threshold. The measured sulfur content avoids hiding that difference in terminology.
Who produces Murban crude?
Murban comes from ADNOC’s onshore concessions. The separate listed oil companies directory identifies the operator, verified partners and exchange codes without mixing company securities into this benchmark page.
Are company share prices comparable with Murban?
No. A share or ADR is priced per security and reflects the whole company, while Murban is priced per barrel under a specific contract.
Primary sources and methodology.
- ICE Murban market and contract overview
- ADNOC Murban documents and forecasts
- ADNOC Onshore ownership
- ADNOC Refining partnership
See the price-chart.com methodology for units, timestamps, period averages and update rules.
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