What is dated Brent vs Brent?
Table of Contents
What is dated Brent vs Brent?
Platts Dated Brent is the world’s leading benchmark assessment of the value of physical, light North Sea crude oil. The term “Dated Brent” refers to physical cargoes of crude oil in the North Sea that have been assigned specific delivery dates.
What is Brent DFL?
The DFL swap measures the premium of physical North Sea crude to calendarized ICE Brent futures and is often used by market participants to hedge crude oil exposure against physical Dated Brent.
What is Brent CFD?
In the Brent CFD market companies trade a floating for a fixed price differential between dated Brent and a forward Brent price. CFDs, therefore, provide an essential complement to the forward and futures markets for industry participants who wish to hedge spot and term crude oil deals priced off dated Brent.
What is Bfoet?
Brent-Forties-Oseberg-Ekofisk-Troll (BFOET), Dated Brent, or Brent spot market.
What’s today’s oil price?
Futures Overview
| Energy | Last | Chg |
|---|---|---|
| Crude Oil Continuous Contract | $102.65 | 4.12 |
| Brent Crude Oil Continuous Contract | $104.61 | -0.04 |
| Natural Gas Continuous Contract | $6.237 | 0.755 |
| RBOB Gasoline Continuous Contract | $3.4135 | 0.1769 |
What is the Brent benchmark complex?
The Brent Benchmark Complex consists of the world’s most important physical and financial crude oil benchmarks. Instruments in the Brent complex are used around the world in a variety of ways. Dated Brent is not just a bellwether for the oil markets but a price reference in physical term and spot deals daily.
What is the Brent complex and why does it matter?
Taken as a whole, the Brent Complex helps those active in the North Sea crude market to manage the flow of crude oil from well-head to refinery, and manage price risk along the way – not just in crude oil, but also for correlated refined oil products, natural gas, gas liquids and condensates.
What is a dated Brent?
The term “Dated Brent” refers to physical cargoes of crude oil in the North Sea that have been assigned specific delivery dates. Each dated cargo of crude oil is often traded more than once as it makes its way to delivery to refineries — where crude is transformed into products like gasoline, diesel, jet fuel, and more.
How do I use the floating price quotations for Brent futures?
In order to use the correct Floating Price quotations, the nearby month quotation for ICE Brent Futures specified in the Floating Price terms above will be used except for the expiration date of the commodity’s underlying delivery month’s futures contract.
