European Crude

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 five 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: 

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Oil producers – track market value of regionally-produced grades
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Oil traders – keep informed on spot prices
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Tax authorities – robust price data for tax calculations
Delivery 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.

Grade
Description
Methodology
Dated Brent FOB NWE
Key benchmark for light sweet crude in the North Sea, reflecting a basket of five regional crudes assessed on an FOB basis
North Sea Prompt Strip
Derivatives-based implied price curve for light sweet crude in the North Sea
Brent Ninian Blend (BNB) FOB NWE
Spot cargo price assessment for Brent Ninian Blend grade
Forties FOB NWE
Spot cargo price assessment for Forties grade
Oseberg FOB NWE
Spot cargo price assessment for Oseberg grade
Ekofisk FOB NWE
Spot cargo price assessment for Ekofisk grade
Troll FOB NWE
Spot cargo price assessment for Troll grade
Dated Brent CIF NWE
Key delivered benchmark for light sweet crude in the North Sea, reflecting a basket of five regional crudes assessed on a CIF basis
Brent Ninian Blend (BNB) CIF NWE
Spot delivered cargo price assessment for Brent Ninian Blend grade
Forties CIF NWE
Spot delivered cargo price assessment for Forties grade
Oseberg CIF NWE
Spot delivered cargo price assessment for Oseberg grade
Ekofisk CIF NWE
Spot delivered cargo price assessment for Ekofisk grade
Troll CIF NWE
Spot delivered cargo price assessment for Troll grade

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