ICE Futures Abu Dhabi (IFAD)
ICE Futures Abu Dhabi (IFAD) hosts the world’s first futures contract based on Abu Dhabi National Oil Company's Murban crude oil which is produced from ADNOC’s onshore concessions with a capacity of approximately two million barrels per day, half of the company's crude oil production. IFAD will complement the Murban futures with a range of cash settled derivatives. These include outright, differential and crack differentials against Brent, WTI, Gasoil and Naphtha among others, as well as inter-commodity spreads, which will launch alongside Murban futures. Contracts traded at IFAD are cleared at ICE Clear Europe. Intercontinental Exchange, Inc. is the operator of the exchange and the majority shareholder.
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