Thanvir Staff answered 3 months ago
Murban crude oil is a type of crude oil that is produced in the United Arab Emirates (UAE). It is a light, sweet crude oil that is produced from the Murban field, which is located in Abu Dhabi. Murban crude has a low sulfur content and a high API gravity, making it relatively easy to refine into a variety of products, including gasoline, diesel, and jet fuel.
Murban crude oil is considered to be a benchmark crude oil, meaning that it serves as a reference price for other types of crude oil. It is widely traded on the global oil market and is used as a benchmark for pricing other crudes in the Middle East and Asia.
Murban crude oil is produced by the Abu Dhabi National Oil Company (ADNOC), which is the state-owned oil company of the UAE. The Murban field is one of the largest oil fields in the UAE and is a key contributor to the country’s oil production.