What is Platts Dated Brent?
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What is Platts Dated Brent?
Platts Dated Brent is a benchmark assessment by S&P Global Commodity Insights of the price of physical, light North Sea crude oil. The term “Dated Brent” refers to physical cargoes of crude oil in the North Sea that have been assigned specific delivery dates.
What is Brent swap?
A monthly cash settled swap future based on the ICE daily. settlement price for Brent Crude Futures.
What is dated to frontline?
The Brent Dated to Frontline futures contract covers the price differential between the daily price of Platts Dated Brent and the futures settlement for the financial Brent futures contract for that day.
Why is Brent oil called Brent?
The name “Brent” comes from the naming policy of Shell UK Exploration and Production, operating on behalf of ExxonMobil and Royal Dutch Shell, which originally named all of its fields after birds (in this case the brent goose).
Why is Brent oil more expensive?
Why is Brent crude more expensive than WTI? Simply put, the preference for Brent crude today stems from the fact that it may be a better indicator of global oil prices. Brent essentially draws its oil from more than a dozen oil fields located in the North Sea.
What is difference between Brent and WTI?
The difference between WTI and Brent Brent and WTI are the world’s two major oil markets. Brent crude oil is extracted from the North Sea and WTI is extracted in the US, primarily from Texas. Brent is a high-quality light, sweet blend of crude oil, which refers to its low density and low sulphur content.
What is Platts price?
Platts means a price benchmark service for the oil industry. Platts pricing plus a premium or minus a discount is the preferred pricing mechanism on this requirement.
Who buys Brent crude oil?
ICE Brent Crude is a specific futures contract offered by Intercontinental Exchange (ICE). Each contract is worth 1,000 barrels of Brent crude oil. It is traded in U.S. dollars, and it trades on exchanges in New York, London, and Singapore.
What is Platts pricing?
