Javier Blas, Dan Murtaugh and Sherry Su, Bloomberg, write here…
“S&P Global Platts, the agency that sets the industry
standard for the benchmark, said in a statement on Monday that
it was proposing two major changes for the way that it
calculates the price of Brent.
First, it wants to include in its current price assessment
not only the crude traded on North Sea terminals, but also
what’s delivered in the oil hub of Rotterdam. Second, it’s
seeking industry feedback on a proposal to include grades from
outside the North Sea region for the first time, also delivered
in Rotterdam.”
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