Last week’s expected announcement that Argus competitor Platts would add WTI into the Dated Brent basket starting July 2022 took a surprising turn when it was also revealed that the assessment will become a delivered-Rotterdam benchmark.
In this episode of The Crude Report, Argus Crude editor Michael Carolan and Argus vice president James Gooder explains how this fob to cif change will affect not just crude oil markets, but also gas and LNG markets that also use Dated Brent.