Publications: Papers

Brent Is Dated (February 2018)


Dated Brent and/or its siblings such as BFOE (Brent, Forties, Oseberg, and Ekofisk) have been the key benchmarks for global crude markets for more than thirty years. In recent years, though, the indicator has suffered as Brent crude production has declined. In this paper, Dr. Verleger concludes that Brent must be abandoned as a benchmark. Hence, the title "Brent Is Dated." Brent is no longer suited to be a benchmark for global crude. As he explains, its coming demise in this regard can be attributed to several important factors.


(Note: This paper is available on request.)