Based on Monday's press conference at ADIPEC, he has the entire industry's attention.Even before Al Jaber and his fellow energy-industry titans took the stage to sign, the buzz in the conference hall was palpable.
Who exactly? Chief executives from BP, Total, PetroChina, Shell, Vitol, Taiwan's PTT, Japan's JXTG, Korea's GS Caltex, and Inpex. They flanked Al Jaber as he delivered remarks, then simultaneously signed the shareholder agreement, inking themselves as partners for ICE's new exchange. Russell Hardy, group CEO of Vitol, added: "Murban already serves as a reference group for many Asian refiners, and the launch of this new benchmark will facilitate hedging and enable the development of a strong, complementary financial market."
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