That controversial inclusion West Texas Intermediate (WTI) Midland Crude Oil in the key Brent contract is not far away, with the “new” dated Brent ratings due to start in May 2023, while the associated June BFOE rating is even earlier, in February 2023. However, there are still some details to be ironed out. Tax and legal aspects of the commodities business must be carefully considered if the benchmark is to work properly….
