What is the Brent forward curve?
The Brent Futures Curve is the current price for a commodity at a specified date in the future. The futures curve shows the price at which it is possible to buy or sell futures contracts for a forward date at a price agreed today (or on a particular date in the past).
What is forward Dated Brent?
Platts Dated Brent is the world’s leading benchmark assessment of the value of physical, light North Sea crude oil. Dated Brent is used as a benchmark pricing reference for transactions involving crude, refined products and other commodities.
What are Brent crude futures?
Brent Crude Oil Penultimate Financial Futures, also known as Brent Crude Oil Futures, are traded using the symbol BB, and are cash settled based on the ICE Brent Crude Oil Futures 1st nearby contract settlement price on the penultimate trading day for the delivery month.
Who owns Brent crude oil?
CME Group
Brent Crude Oil Trading Following the OPEC oil crisis of the 1970s, crude oil commodities began trading on the futures market. Brent futures are traded on the New York Mercantile Exchange (NYMEX) It is owned by CME Group, one of the largest in the United States under the symbol BZ.
What is Brent 1st Line?
Description. A monthly cash settled future based on the ICE daily settlement price for Brent Futures.
Why is it called Dated Brent?
The term “Dated Brent” refers to physical cargoes of crude oil in the North Sea that have been assigned specific delivery dates. Price indicators from the Brent Complex are increasingly used as a reference for measuring the value of crude oils all around the world, and often of global economic health itself.
What is DFL Brent?
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.
Where is Brent crude delivered?
That price tag keeps out the panhandlers. BFOE producers take physical possession of their crude allocations at one of the four terminals where Brent crude streams are delivered (Sullom Voe, Hound Point, Sture and Teesside) by showing up with a suitable oil tanker during a scheduled 3-day window.
What is the Brent 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.
Which countries use Brent crude?
Brent Crude is extracted from the North Sea in the Atlantic Ocean, which is bound by the United Kingdom, Norway, France, Denmark, the Netherlands, Germany, and Belgium. It is extracted as a blend of multiple crude oils, including Brent, Ekofisk, Forties, and Oseberg.
What does the forward curve for Brent mean?
The forward curve for Brent crude oil futures is in backwardation, when prices for immediate delivery are higher than those for dispatch later on. This signals tight market conditions as it gives traders an incentive to immediately sell oil instead of putting it into storage.
Is the Brent futures curve the same as WTI?
Brent Futures information is considered by ERCE’s oil and gas commercial modellinggroup in their routine workflow. Graphs Brent and WTI Spot Brent Futures Curve WTI Futures Curve
What do you need to know about Brent futures?
Brent Crude Futures 1 Description. The ICE Brent Crude futures contract is a deliverable contract based on EFP delivery with an option to cash… 2 Market Specifications. Trading shall cease at the end of the designated settlement period on the last Business Day of… More
What are the characteristics of a CFD Brent swap?
3 The key attributes of a CFD Brent swap are: the price differential between the two swaps, the volume, and the pricing period.4The price differential between the two legs of the swap reflects the time structure of the market. When Dated Brent is above the forward price, the market is in backwardation.