Kanok Sulaiman/Shutterstock Brent, Forties, Oseberg, Ekofisk and Troll (BFOET) crudes comprising the dated Brent pricing basket will load 607,000 barrels per day in June, up 12.4% on the year.Cargo size has changed to 700,000 barrels to reflect the usual loading size in the US, with West Texas Intermediate (WTI) Midland crude now deliverable into the revamped Brent contract since May 2.Physical differentials are trading in premium territory owing to the relative tightness in the market and a sunny outlook for summer gasoline and jet fuel consumption. Save for later Print Download Share LinkedIn Twitter For the first time since its inception, the Brent benchmark will include a non-indigenous crude, namely volumes of WTI Midland loading from the US Gulf. This long-awaited change is meant to boost the physical liquidity underpinning dated Brent and improve the price discovery process.
