VOL. XLV
No 37
16-September-2002
OIL PRICES
IPE Adopts Brent-Forties-Oseberg Contract As Basis Of Pricing
Followingthe increasing acceptance by crude oil traders of the deliverability of Fortiesand Oseberg crudes underBrent contracts, Londons International Petroleum Exchange (IPE) has replaced its15-day Brent contract with a 21-day Brent-Forties-Oseberg(BFO) contract. Just as the ability to deliver Oman crude under Dubai contractsreduced the volatility of Dubai prices, and consequently the...
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