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We were delighted to reconvene the CERAWeek community in-person for the first time in three years.
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CERAWeek 2022 On Demand
Select sessions from CERAWeek 2022, Pace of Change: Energy, Climate, and Innovation available On Demand
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S&P Global | Innovating to Keep Crude Oil Benchmarks Strong: A discussion of Brent, WTI, Dubai & Murban
Tuesday, 8 March
11:30 am - 12:15 pm (CST) / 08/mar/2022 05:30 pm - 08/mar/2022 06:15 pm
As bellwethers for one of the world’s most critical raw materials, crude oil benchmarks must constantly innovate and evolve to reflect how the markets evolve around them – often in unpredictable ways. Two of the world’s most important crude benchmarks, Brent and Dubai, lie at the crossroads of how the markets measure supply, demand, arbitrage and shifts in market need. In this session we will discuss why crude benchmarks must constantly reinvent themselves this way, through a discussion of the introduction of Murban crude oil to Dubai and the planned introduction of WTI Midland into Brent.