- The oil benchmark system is facing significant challenges with concerns over the security and transparency of key benchmarks like Brent, WTI, and Dubai.
- The WTI benchmark is evolving with the emergence of a new benchmark based at Houston that could replace WTI at Cushing, though political uncertainty clouds the outlook.
- Trading in the Dubai benchmark is highly concentrated in Chinese hands, lacking transparency. The DME Oman contract has growing liquidity but small volumes.
- Issues with the Brent benchmark include a lack of consensus over adding the Troll grade and the use of unnecessary quality premiums, undermining the integrity of the contract.
- The oil benchmark system is facing significant challenges with concerns over the security and transparency of key benchmarks like Brent, WTI, and Dubai.
- The WTI benchmark is evolving wi…