What is Platts Dated Brent?

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 the difference between Brent and Dated Brent?

Dated Brent represents the value of physical crude oil trading for prompt delivery in the open spot market. Other important components of the Brent Complex, including Brent futures, represent the value of financially settled derivatives contracts that are for time periods often much further forward in time.

What is forward Dated Brent?

Dated Brent (which reflects crude oil to be delivered in the short term, over the period 10 days to one month ahead)3 and Forward Brent (which reflects crude oil to be delivered further forward in time, up to four months ahead) are two key components of the Brent complex.

What is Brent bullet?

Description. A monthly cash settled future based on the difference between the ICE daily settlement price for WTI Futures contract and the ICE daily settlement price for Brent Futures contract.

What is Bfoe crude?

BFOE is a forward contract for light-sweet North Sea crude oil that can be satisfied with any of four grades of crude: Brent, Forties, Oseberg, or Ekofisk. The contract was created to add volume to the market for Brent as production from the Brent field has declined.

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 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.

What is cash Bfoe?

Also known as: Brent Forties Oseberg Ekofisk, 21-day BFOE. BFOE is a forward contract for light-sweet North Sea crude oil that can be satisfied with any of four grades of crude: Brent, Forties, Oseberg, or Ekofisk.

What does the spread between WTI and Brent mean?

The WTI-Brent spread is the difference between the prices of two types of crude oil, West Texas Intermediate (WTI) on the long side and Brent Crude (Brent) on the short side.

What is difference between WTI and Brent Crude?

Brent is oil that is drilled out of the North Sea adjoining the UK and Norway while WTI Crude is extracted in the US. Predominantly, US oil is concentrated in Texas, North Dakota and New Mexico. The US uses West Texas Intermediate (WTI) as the benchmark.

What does Bfoe stand for?

BFOE