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| The Brent basket’s burden

The physical basis of Dated Brent is not what it used to be, and BFOET production volumes have continued to fall. So what is to become of Dated Brent?

There’s no denying that the physical basis of Dated Brent isn’t as robust as it was at the start.

The namesake Brent oil production peaked well before the turn of the century and, more recently, BFOET’s production volumes as a whole continue to drop despite additions to the basket over the years.

Benchmark grades production, included from year added, kbd

The top two contenders

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For more information or to continue the discussion, contact James.Gooder@argusmedia.com.

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