The North Sea represents a historically-important crude-producing region which has served the Northwest European refining hub – and markets beyond – for decades.
The spot price reference for light sweet crude in this market remains a vital benchmark for global commodity trading. The General Index European crude module comprises the Dated Brent spot price, as well as spot price assessments for the constituent six grades.
European Crude data from General Index is delivered through our consistent and FCA regulated methodology– offering complete affordability and long-term peace of mind.
GENERAL INDEX Expertise
By combining industry expertise and leading technology, we deliver professional-grade oil price assessments calculated using the market accepted methodologies.
Our team in Europe collectively brings decades of experience and knowledge of benchmark provision. This combination allows General Index to produce highly accurate and transparent daily pricing which is already trusted by some of the world’s largest IOCs and NOCs.
AUDIENCES
The daily European Crude data will benefit a range of global audiences:
Oil producers
Track market value of regionally-produced grades
Oil traders
Keep informed on spot prices
Tax authorities
Robust price data for tax calculations
THE PRICE OF EVERYTHING
Series 1: Brent
A podcast from General Index that aims to shine a light on pricing.
In series 1, we investigate the world’s most recognised price for crude oil – Dated Brent. But why Brent? How did an oil field off the coast of Scotland become so pivotal in global oil pricing?
LISTEN ON APPLE MUSIC OR SPOTIFYDelivery and key prices
The European Crude prices are published daily (subject to the General Index holiday calendar) and made available to our clients via industry renowned direct data feeds and email.
All prices are printed in USD/bbl and normalised via internal calculations to reflect market value as at 1630 UK time.
*As of 2 May 2023, the methodologies for the FOB and CIF indexes for GX Dated Brent (GX0000968 and GX0000969) will be inclusive of trading activity for WTI Midland crude in Northwest Europe.
General Index will also publish two new Dated Brent indexes: one reflecting solely BFOET grades (GX0011094) and another reflecting BFOET and Johan Sverdrup grades (GX0011097). CIF equivalents of the latter two prices will also be published, respectively as GX0011113 and GX0011115.
The assessed benchmark price for light sweet crude in the North Sea region, based on a basket of six grades
Derivatives-based implied price curve for light sweet crude in the North Sea
Brent Ninian Blend (BNB) FOB
Spot cargo price assessment for Brent Ninian Blend grade
Spot cargo price assessment for Forties grade
Spot cargo price assessment for Oseberg grade
Spot cargo price assessment for Ekofisk grade
Spot cargo price assessment for Troll grade
Johan Sverdrup crude loading on an FOB basis in the North Sea region
The value of a cargo of light sweet crude in the North Sea on a delivered Rotterdam basis, based on a basket of six grades
Brent Ninian Blend (BNB) CIF
Spot delivered cargo price assessment for Brent Ninian Blend grade
Spot delivered cargo price assessment for Forties grade
Spot delivered cargo price assessment for Oseberg grade
Spot delivered cargo price assessment for Ekofisk grade
Spot delivered cargo price assessment for Troll grade
Johan Sverdrup crude delivered on a CIF NWE basis.
Light sweet crude in the North Sea region, based on a basket of five North Sea grades
Light sweet crude in the North Sea region, based on a basket of five North Sea grades, on a delivered basis
Dated Brent Johan Sverdrup Inclusive FOB
Light sweet crude in the North Sea region, based on a basket of six grades
Dated Brent Johan Sverdrup Inclusive CIF
Light sweet crude in the North Sea on a delivered Rotterdam basis, based on a basket of six grades
WTI Midland FOB North Sea
WTI Midland crude on an FOB basis in the North Sea region, calculated as a freight netback from the corresponding CIF Rotterdam price
WTI Midland CIF Rotterdam
Assessed spot price for a cargo of WTI Midland crude on a CIF Rotterdam basis
