Overview
Murban is a well-known light sour-to-sweet crude grade from Abu Dhabi. It is relatively light (higher API gravity) and low in sulphur, making it attractive to a broad range of refiners. Murban also underpins a listed futures contract used as a regional pricing reference.
| Crude type | Light, low sulphur (sweet) |
|---|---|
| Origin | Abu Dhabi, UAE (exported via Fujairah) |
| API gravity | Light range (indicative, cargo-dependent) |
| Sulphur | Low (indicative, cargo-dependent) |
| Typical terms | FOB / CIF, Incoterms 2020 |
Typical, indicative characteristics only. Actual API gravity and sulphur vary by cargo and loading; final contractual specifications prevail.
Commercial relevance
Murban's light, low-sulphur profile suits refiners seeking higher yields of lighter products with less processing of sulphur. Its listed futures contract provides a transparent pricing reference for the region.
International trading
Murban is traded on FOB or CIF terms. A cargo is nominated against a laycan, independently inspected, and moves against standard documentation with payment commonly by Letter of Credit.
Inspection and documentation
Quantity and quality are determined by independent inspection, and cargoes move against a Bill of Lading, Certificate of Origin and quality/quantity certificates.