Pricing & benchmarks
Brent
The global crude oil benchmark for Atlantic basin, European and African grades.
Brent is the global price benchmark for light, sweet crude oil. It's based on a basket of North Sea fields (Brent, Forties, Oseberg, Ekofisk, Troll — BFOET).
Physical crude from West Africa, the Mediterranean, and much of Europe prices vs Dated Brent (the next available physical cargo) with a differential. ICE Brent futures settle vs the dated assessment.
OilFlow tracks Dated Brent, ICE Brent prompt, and the Brent-Dubai EFS spread daily in intel snapshots.
See also