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The story of waterborne crude oil


After waves of change hit global crude oil trade flows, the physical benchmarks to watch reflect the value of crude on the water. The reason? Waterborne crude is internationally connected and free from infrastructure economics.

Since 1981 our benchmarks have reflected the market value of crude. As the world of energy is being reshaped, we're partnering with the markets more closely than ever to ensure we publish impartial price assessments underpinned by transparent methodologies. Today, tomorrow and every day.


Platts Dated Brent®


Published daily since 1987, Platts Dated Brent is a benchmark assessment of the price of physical, light North Sea crude oil.

We assess the price for dated crude streams in the North Sea: Brent Ninian Blend (from which Dated Brent takes its name), Forties Blend, Oseberg, Ekofisk and Troll.

Taken together, these five North Sea grades represent a robust supply of approximately 1 million oil barrels per day of production.

Along with Intercontinental Exchange (ICE), we're consulting with the market on the evolution of the Brent complex, which includes Dated Brent, Cash Brent, and ICE Brent Crude Oil futures. Read our white paper about Brent's evolution.


Platts Dubai®


The Platts Dubai price is the primary physical pricing reference for crude oil loading from the Middle East Gulf, Far East Russia and other parts of the world to refiners and has been since spot markets first emerged in the 1980s.

Platts Dubai assessments reflect the repeatable, transactable price of Dubai crude oil for loading two, three and four months ahead of the assessment date.

Alternative crudes Oman, Upper Zakum, Al Shaheen or Murban are also deliverable into the Platts Dubai contract, under a mechanism known as alternative delivery.


See the daily assessment


Platts American
GulfCoast Select


Platts AGS® brings the US oil market a new benchmark assessment that reflects the value of high-quality, export-ready crude at the intersection of domestic and global demand, free of any distortion from logistics.

It reflects the value of light sweet crude oil loading 15-45 days forward on an FOB basis from locations along the US Gulf Coast including Houston, Corpus Christi, Beaumont, Nederland, Texas City, and Port Arthur, with the most competitive location on a cargo-size normalized basis setting the price assessment.


See the daily assessment


Delivery channels


As the story unfolds, you need a partner who can help you see what's next for waterborne crude oil. Whether it's through our new digital experience, Platts Dimensions Pro, API delivery, or in the context of today's commodity news, subscribing to our price assessments has never been easier.


More about Platts Dimensions Pro


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Speak to our team to talk about all the ways we deliver price assessments to help you see the whole story.


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