The Crude Report: BP’s take on Brent

Author Argus

In with WTI Midland, and out with Brent and Forties – this is BP’s prescription for the future of the Dated Brent benchmark. But is the market ready for Brent-free Brent? Opinions remain sharply divided.

In this episode of The Crude Report, Vice President James Gooder and Argus Crude Editor Michael Carolan discuss the complications of adding WTI into the Brent forwards market and go over some of the ways this could all play out, from the Brent market fragmenting to global benchmarking switching to the US Gulf coast.

Crude oil newsletter

Related blog posts

08 December 2021

The Crude Report: Opec+ keeps markets guessing

Between SPR releases and Omicron, uncertainty was the underlying theme of last week’s monthly Opec+ meeting. And although they sanctioned another 400,000-b/d increase to their production quota in January, Opec+ ministers signaled they’d be watching developments closely ...

Filter:

Crude oil Global English Africa Asia-Pacific Europe FSU Latin America and Caribbean Middle East North America

01 December 2021

The Crude Report: Pipeline capacity goes from famine to feast

What began as a frenzy to build crude oil pipelines connecting US oil fields like the Permian basin to ports for export has resulted in more pipeline capacity than the crude to fill it.

Filter:

Crude oil North America English

24 November 2021

The Crude Report: Asia’s call for delivered barrels

As crudes from every region compete for market share in Asia-Pacific, refiners are gaining influence over the pricing mechanisms they prefer.

Filter:

Crude oil Oil products Asia-Pacific Middle East Global