# UAE oil benchmark plan confused by Brent comment U-turn

> Reporting covers a UAE plan for an oil benchmark, where an official's comment on declining Brent production was later retracted and reworded. The article notes the industry's long-standing complaints about falling North Sea output making Brent illiquid.

- Date: 2019-11-12 · published 2019-11-12T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/56242-uae-oil-benchmark-plan-confused-by-brent-comment-u-turn
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Changes to benchmark pricing could alter how crude contracts are priced, but the immediate supply and price impact for feed markets is limited.

## Read by commodity

- BRENT: neutral

## Sources

- reuters.com: https://www.reuters.com/article/business/uae-oil-benchmark-plan-confused-by-brent-comment-u-turn-idUSKBN1XM2FM/

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