ICIS is implementing a process of rolling consultation on all of its pricing methodologies. This consultation paper is part of this formal process and covers all of the ICIS primary price points included in the World Crude publication.
The consultation asks both general questions about the suitability of the ICIS pricing methodology and questions addressing specific World Crude market issues.
Click here to view the World Crude Methodology Consultation 2022
The consultation contained a section asking general questions about the sustainability of ICIS methodology for the markets concerned.
There was also a section about changes to coverage of the Mediterranean/CIS and West African markets, and the inclusion of a new price assessment in the North market.
Decision
ICIS did not receive any formal responses to the consultation.
- As a result, ICIS will stop publishing the following assessments as of 28 April 2022:
Mediterranean/CIS:
Urals New, Urals Med (80), Urals Med (140), Azeri Lt, CPC Blend, Siberian Light, Brega, Es Sider, Zarzaitine, Saharan, Iran Lt, Iran Heavy, Kirkuk
West Africa:
Bonny Lt, Qua Iboe, Brass, Escravos, Forcados, Agbami, Erha, Cabinda, Girassol, Hungo, Kissanje
The World Crude Report methodology document will be updated ahead of these changes taking effect. Should you have any questions please contact WCR Editor Barney Gray at barney.gray@icis.com.
