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Platts proposes new crude grades to Dated Brent benchmark
S&P Global Platts, an independent provider of information and benchmark prices for the commodities and energy markets, is inviting feedback on its proposal for the addition of new crude grades to the Dated Brent benchmark. In particular, it is considering the addition of Troll as a deliverable grade into the Dated Brent basket.
Over 2016, the Platts Dated Brent crude basket – composed of the Brent Ninian Blend, Forties, Oseberg and Ekofisk grades – saw healthy available supplies averaging 45 cargoes per month. However, Platts Analytics forecasts production will decline to 20 cargoes of crude per month by 2025.
News Item details
Journal title: Petroleum Review
Subjects: Gas markets, Oil markets, Economics, business and commerce, Energy consumption, Oil and gas
