Sluggish April cargo buying sent the North Sea Dated Brent benchmark differential to the lowest in nearly two and a half years on Wednesday, S&P Global Platts data showed. Dated Brent is a benchmark assessment of the price of physical, light North Sea crude oil. Dated Brent—the physical cargoes of crude oil loading in the North Sea on any given day, and with specific delivery dates—is the core component of the Brent complex. The Brent crude complex is linked to physical cash BFOE (Brent Ninian Blend -Forties-Oseberg-Ekofisk), as well as financially settled derivatives. On Wednesday, Platts assessed the Dated Brent differential at -$1.025 a barrel, compared to -$0.825 per barrel on Tuesday. Wednesday’s assessment showed the widest discount since November 2015, when Dated Brent briefly fell below -$1.20 a barrel, according to S&P Global Platts data. Earlier this week the prices for physical North Sea crude oil barrels were […]