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Thursday, 16 March 2017 09:00

Another type of crude oil to be included in Brent price benchmark

Another type of crude oil to be included in Brent price benchmark

The method for assessing the Brent global benchmark crude oil price is scheduled to change in 2018. The Brent price benchmark reflects transactions involving physical cargoes of several specific grades of crude oil in the North Sea, but declining production of some of the four North Sea crude oil grades currently used to calculate the Brent benchmark has prompted the price reporting agency, Platts, to announce that cargoes of Norway’s Troll crude oil will be included in its Brent price assessment beginning in 2018, Caspian Energy News (www.caspianenergy.net) reports with reference to the press statement of EIA.

More details: https://www.eia.gov/todayinenergy/detail.php?id=30292

Person in charge of the newsline: Jeyhun Bayramov

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