Making crude oil history: WTI Midland cargoes join Brent benchmark

<p>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.</p> <p>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.</p> <p> </p> <h3>Learn more:</h3> <p><a title="Specifications Guide, Europe and Africa Crude Oil" href= "https://www.spglobal.com/commodityinsights/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/emea-crude-methodology.pdf" target="_blank" rel="noopener">Methodology and Specifications Guide, Europe and Africa Crude Oil</a><br /> <a title= "FAQ: Platts WTI Midland’s inclusion into the Brent complex" href= "https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/brent_faq.pdf"> FAQ: Platts WTI Midland’s inclusion into the Brent complex</a><br /> <a title= "Infographic: Brent benchmark gets major boost from US crude" href= "https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/oil/020523-infographic-dated-brent-benchmark-wti-us-crude-oil-platts" target="_blank" rel="noopener">Infographic: Brent benchmark gets major boost from US crude</a></p> <p>Contact us: <a href="mailto:platts_oil_feedback@spglobal.com" target="_blank" rel= "noopener">platts_oil_feedback@spglobal.com</a></p>