Dated Brent definition

Dated Brent means a cargo of North Sea Brent blended crude oil that has been assigned a date when it will be loaded onto a tanker.
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Dated Brent means physical cargoes of crude oil loading in the North Sea that have been assigned specific delivery dates.
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Examples of Dated Brent in a sentence

  • The price P (in French Francs per US barrel of crude oil free of sediment and water delivered in the Grandpuits refinery crude vats) shall be obtained by applying the following formula: P=(A+B+C)xD A is equal in value to the arithmetic mean of all average daily quotations (spot assessment) of the Dated Brent published in Platt's Oil Market Wire during month M + 1 for th▇ ▇▇▇th M deliverie▇ The value of B is equal to : -1.50 USD/bbl (minus one dollar and sixty cents per barrel).

  • The price P (in French Francs per US barrel of crude oil free of sediment and water delivered in the Grandpuits refinery crude vats) shall be obtained by applying the following formula: P=(A+B+C)xD A is equal in value to the arithmetic mean of all average daily quotations (spot assessment) of the Dated Brent published in Platt's Oil Market Wire during month M + 1 for th▇ ▇▇▇th M deliverie▇.