Oil price benchmarks in international trade: Brent’s leap as a core world energy benchmark
Dated Brent emerged last year as the clear leader among global crude oil benchmarks amid a background of challenges and shifts in the world crude markets. As a benchmark, Dated Brent experienced a global sweep in industry use in 2011 from Australasia to South America, following a dramatic and damagi...
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| Format: | Journal article |
| Language: | English |
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Oxford Institute for Energy Studies
2012
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| Summary: | Dated Brent emerged last year as the clear leader among global crude oil benchmarks amid a background of challenges and shifts in the world crude markets. As a benchmark, Dated Brent experienced a global sweep in industry use in 2011 from Australasia to South America, following a dramatic and damaging period of price disconnect by US West Texas Intermediate and similar issues with the Asia Pacific Price Index (APPI), a secondary pricing system. |
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