# How a Hasty Move to Change the World’s Key Oil Price Unraveled - Bloomberg

> S&P Global Platts announced on February 22 that it would radically change the structure of a key crude benchmark, causing uproar in the oil market over recent weeks. The article describes the controversy around the reform.

- Date: 2021-03-13 · published 2021-03-13T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/48296-how-a-hasty-move-to-change-the-world-s-key-oil-price-unraveled-bloomberg
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Changes to a physical crude price benchmark affect how cargoes are priced, but the direct impact on feed commodity prices is limited.

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2021-03-13/how-a-hasty-move-to-change-the-world-s-key-oil-price-unraveled

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.