Pricing
How Crude Oil Prices Are Set: Brent, WTI, Dubai, Bonny Light
PetroIntermediation TeamPricing & Market Intel
- Brent — North Sea blend, ICE futures, world's most-traded benchmark.
- WTI — West Texas Intermediate, NYMEX futures, US benchmark.
- Dubai/Oman — Middle East sour crude, drives Asian pricing.
- Bonny Light — Nigerian sweet crude, sets West African reference.
Most term contracts price as "Benchmark ± differential". Knowing your benchmark is half of negotiation. Compare benchmarked offers on petromarketplace.com.
Ready to run a verified petroleum deal?
Sign up at PetroIntermediation to post your RFQ and reach KYC-verified suppliers. Yearly subscribers can list unlimited deals on PetroMarketplace — the convenient way to put your tender in front of pre-qualified counterparties.