Oil Markets Making crude oil history: WTI Midland cargoes join Brent benchmark
As of May 2, 2023, Platts incorporated US WTI Midland crude oil into Platts Dated Brent and related benchmark assessments. This is the first-ever inclusion of a non-North Sea grade and is expected to boost the liquidity of the world’s most important physical crude oil leading benchmark assessment.
In this episode of the Platts Oil Markets podcast, S&P Global Commodity Insights crude oil managers John Morley and Emma Kettley discuss with Joel Hanley the scope of the change and the implications of this momentous development.
Learn more:
Methodology and Specifications Guide, Europe and Africa Crude Oil FAQ: Platts WTI Midland’s inclusion into the Brent complex Infographic: Brent benchmark gets major boost from US crude
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