Tag: Price Reporting Agencies

  • Changes to the ‘Dated Brent’ benchmark: more to come

    By: Adi Imsirovic

    On 25 February this year Platts, a division of S&P Global, announced the inclusion of delivered, or CIF (Cost, Insurance and Freight), Rotterdam offers of North Sea oil cargoes into its flagship Dated Brent benchmark starting from 1 October 2019. Competing price reporting agency (PRA) Argus is already publishing its ‘New North Sea Dated’ assessment […]

  • Oxford Energy Forum – Oil Benchmarks – Issue 113

    By: OIES

    This issue of the Oxford Energy Forum is devoted to analysing the role of oil benchmarks, their evolution over time, the challenges facing the most established benchmarks, and the extent to which the current transformations in oil market fundamentals and crude trade flows as well as changes in the regulatory environment are likely to result […]

  • The Dubai Benchmark and its Role in the International Oil Pricing System

    By: Bassam Fattouh

    Despite the existence of other regional crudes with a much larger physical base, more than 25 years have now passed, and most cargoes from the Gulf destined for Asia are still priced against Dubai. Nevertheless, the nature of the Dubai benchmark has evolved and many of the institutional and pricing details have witnessed major transformations, […]

  • Brent prices: Impact of PRA methodology on price formation

    By: Christophe Barret

    Oil prices are largely formed at the junction of the financial sphere and the physical sphere. This is particularly true for the main markers, such as Brent prices. The term “Brent prices” may refer to several type of contracts (see, for example, Bossley 1999) traded by physical and financial participants. The main contracts interacting in […]