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Podcast: Podcasts - Oxford Institute for Energy Studies
Episode: OIES Podcast - The New Forward Brent Benchmark
Description: On January 31st, 2023, S&P Global Commodity Insights (Platts) confirmed the inclusion of West Texas Intermediate (WTI) Midland in the forward Brent (BFOET) contract from June 2023 and provided further guidance. This followed the introduction of WTI Midland into Dated Brent in June 2022. In this podcast David Ledesma talks with Adi Imsirovic and Kurt Chapman about this change and about how the change in Dated Brent, may be relatively straightforward, changes in the forward (or cash) contract are far more complex. The latest version validates the industry's movement towards the STASCO 2022 Cash BFOETM general terms and conditions (GT...