Platts wants to change its Dated Brent assessment
Dated Brent goes Cif —ten key questions
Petroleum Economist asks Adi Imsirovic, former head of crude trading at Gazprom Marketing & Trading, about the major issues thrown up by Platts’ proposed change
Price reporting agency (PRA) S&P Global Platts has proposed changing its Dated Brent assessment—the leading global light-sweet crude benchmark—from a Fob to Cif Rotterdam basis from March of next year. It also intends to include the US WTI Midland grade in the basket alongside existing North Sea crudes. The move has proven relatively controversial, with the Ice exchange, venue of the majority of the financial Brent trading, sending Platts a letter outlining concerns that subsequently leaked. Rival PRAs have queued up to advertise their wares as alternatives should the market choose to reject Platts’ proposal and the PRA refuse to budge. “The move of both Dated and BFOET assessments
Also in this section
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
