Quantum Commodity Intelligence – The first transactions on the benchmark cash Brent contract were completed using oil company BP’s Terms and Conditions (T&Cs), a departure from the standard practice of using Shell’s terms and what may be the first salvo of recovery new trading conditions for the Brent market.

The deals were reportedly made between BP and trading house Vitol for Summer 2023 EFP (Exchange of Futures for Physical) timespreads, with physical…



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