Murban
Murban Price
| Date | Price US$ per bbl | Price US $ per MT | Long Tons | US Gallons,$ |
|---|---|---|---|---|
| 2022-12-31 | $80 | 588 | 597 | 1.91 |
| 2022-11-30 | $91 | 666 | 677 | 2.16 |
| 2022-10-31 | $94 | 686 | 697 | 2.23 |
| 2022-08-31 | $98 | 719 | 730 | 2.33 |
| 2022-07-31 | $106 | 777 | 789 | 2.52 |
| 2022-06-01 | $118 | 861 | 876 | 2.8 |
| 2022-05-01 | $110 | 806 | 819 | 2.62 |
| 2022-03-01 | $112 | 824 | 838 | 2.68 |
| 2022-02-01 | $94 | 690 | 702 | 2.24 |
| 2022-01-31 | $85 | 624 | 634 | 2.03 |
| 2021-12-31 | $75 | 547 | 556 | 1.78 |
| 2021-11-30 | $82 | 601 | 611 | 1.95 |
| 2021-09-01 | $73 | 538 | 547 | 1.75 |
| 2021-08-01 | $70 | 512 | 521 | 1.66 |
| 2021-07-01 | $74 | 540 | 549 | 1.75 |
| 2021-06-01 | $72 | 530 | 539 | 1.72 |
| 2021-05-01 | $67 | 490 | 498 | 1.59 |
| 2021-04-01 | $63 | 464 | 472 | 1.51 |
| 2021-03-01 | $64 | 472 | 479 | 1.53 |
| 2021-02-01 | $61 | 447 | 454 | 1.45 |
| 2020-12-01 | $49 | 363 | 369 | 1.18 |
| 2020-11-01 | $43 | 316 | 321 | 1.03 |
| 2020-10-01 | $41 | 301 | 306 | 0.98 |
| 2020-09-01 | $42 | 307 | 312 | 1 |
| 2020-08-01 | $45 | 333 | 339 | 1.08 |
| 2020-07-01 | $44 | 321 | 326 | 1.04 |
| 2020-06-01 | $39 | 288 | 293 | 0.94 |
| 2020-05-01 | $28 | 207 | 210 | 0.67 |
| 2020-04-01 | $24 | 175 | 178 | 0.57 |
| 2020-02-01 | $57 | 418 | 425 | 1.36 |
Murban Historical price
- In 2017 maximum price $64 per bbl (2017-12-01)
- In 2018 maximum price $59 per bbl (2018-12-01)
- In 2019 maximum price $67 per bbl (2019-12-01)
- In 2020 maximum price $49 per bbl (2020-12-01)
- In 2021 maximum price $75 per bbl (2021-12-31)
- In 2022 maximum price $80 per bbl (2022-12-31)
Understanding Murban Crude Oil: A Comprehensive Guide
Murban crude oil is a light, sweet crude oil that is extracted from the Murban oil field located in Abu Dhabi, United Arab Emirates (UAE). It is considered one of the most sought-after crude oils in the world due to its high quality and low sulfur content. In this article, we'll take an in-depth look at Murban crude oil, including its origin, production, and market demand.
The Origin of Murban Crude Oil
The Murban oil field was discovered in the 1960s and has since become one of the largest oil fields in the UAE. It is located in the Al Dhafra region of Abu Dhabi and is operated by Abu Dhabi National Oil Company (ADNOC), the state-owned oil company of the UAE. The oil field produces a high-quality, light crude oil that is known for its low sulfur content and high yields of gasoline, diesel, and jet fuel.
Production and Refining of Murban Crude Oil
Murban crude oil is extracted using advanced drilling techniques, including horizontal and multilateral drilling. The crude oil is then transported to onshore processing facilities where it is refined into a variety of petroleum products. The refining process of Murban crude oil is relatively simple due to its low sulfur content, which means that it requires less refining compared to other crude oils. This, in turn, leads to lower refining costs and higher yields of high-quality petroleum products.
Market Demand for Murban Crude Oil
Murban crude oil is in high demand globally due to its high quality and low sulfur content. It is a preferred crude oil for refining into gasoline, diesel, and jet fuel, which are essential products for transportation and energy production. As a result, Murban crude oil is traded on the international market and is widely used by refineries around the world.
Conclusion
In conclusion, Murban crude oil is a highly sought-after crude oil due to its high quality and low sulfur content. It is produced in the UAE and is widely traded on the international market. The production and refining of Murban crude oil is relatively simple, which leads to lower refining costs and higher yields of high-quality petroleum products. Understanding Murban crude oil is essential for anyone interested in the energy industry and the production of petroleum products.
Frequently Asked Questions (FAQs) about Murban Crude Oil
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What is Murban crude oil? Murban crude oil is a light, sweet crude oil that is extracted from the Murban oil field located in Abu Dhabi, United Arab Emirates (UAE). It is known for its high quality and low sulfur content.
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Where is Murban crude oil produced? Murban crude oil is produced in the Al Dhafra region of Abu Dhabi and is operated by Abu Dhabi National Oil Company (ADNOC).
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Why is Murban crude oil in high demand? Murban crude oil is in high demand due to its high quality and low sulfur content. It is a preferred crude oil for refining into gasoline, diesel, and jet fuel, which are essential products for transportation and energy production.
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What makes Murban crude oil unique compared to other crude oils? Murban crude oil has a low sulfur content, which means that it requires less refining compared to other crude oils. This, in turn, leads to lower refining costs and higher yields of high-quality petroleum products.
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How is Murban crude oil traded on the international market? Murban crude oil is widely traded on the international market and is widely used by refineries around the world. It is an essential component of the global energy industry and is traded in a similar manner to other crude oils.
In conclusion, Murban crude oil is a highly sought-after crude oil due to its high quality and low sulfur content. It plays a significant role in the global energy industry and is an important component of the production of petroleum products. Understanding Murban crude oil is essential for anyone interested in the energy industry and the production of petroleum products.
Conclusion
In conclusion, Murban crude oil is a highly sought-after crude oil due to its high quality and low sulfur content. It is produced in Abu Dhabi, UAE and is an essential component of the global energy industry, playing a significant role in the production of petroleum products. Understanding Murban crude oil is important for anyone interested in the energy industry and the production of petroleum products.
The information in this article is based on reliable sources, including the official website of Abu Dhabi National Oil Company (ADNOC) and industry publications. For more detailed information and to stay up-to-date with the latest developments in the Murban crude oil market, we recommend visiting the official website of ADNOC or other reputable industry sources.
