![]() ![]() The physical Brent market, which generates the Argus North Sea Dated and Platts Dated Brent crude oil benchmarks, is based on the lowest priced of a basket of similar crudes produced in UK and Norwegian waters: Brent, Forties, Oseberg, Ekofisk and Troll. From 1 January 2009, the diesel price marker is 10ppm sulfur diesel, consistent with changes to Australian fuel standardsīrent is both the name of a specific UK blend of crude oil and a generic term for light (low density) sweet (low sulphur) crude from the North Sea. The Petrol, Diesel and Crude Oil prices are provided by Argus and represent the end of day assessment for the prices of these commodities. Consequently, appropriate care should be exercised when using this data to infer financial performance of individual companies. By utilising the Argus crude oil and product quotes, AIP does not intend to reflect the actual purchase prices of product or crude oil by individual AIP member companies. ![]() ![]() The Argus Tapis and North Sea Dated (Brent) quotes were chosen as representative regional crude oil price markers which are quoted daily. AIP publishes the Argus crude oil and product quotes for the purpose of price transparency and to assist in demonstrating that the movements in product prices follow the medium term movements in crude oil prices. ![]()
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