# Another type of crude oil to be included in calculation of the Brent price benchmark -
		U.S. Energy Information Administration (EIA)

> The EIA reports that the Brent benchmark's pricing method will change in 2018, when Platts adds Norway's Troll crude to its Brent assessment. The change responds to declining output from some of the four North Sea grades that currently make up the benchmark.

- Date: 2017-03-10 · published 2017-03-10T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/72177-another-type-of-crude-oil-to-be-included-in-calculation-of-the-brent-price
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

The change alters how the main global crude benchmark is built, but it does not directly change supply or demand, so its near-term price effect is minor.

## Read by commodity

- BRENT: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2020-01-07 | [Crude oil prices were generally lower in 2019 than in 2018 -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55330-crude-oil-prices-were-generally-lower-in-2019-than-in-2018-u-s-energy.md) | -7.8% | -22.1% |
| BRENT | 2017-09-21 | [Changing quality mix is affecting crude oil price differentials and refining decisions -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/69127-changing-quality-mix-is-affecting-crude-oil-price-differentials-and-refining.md) | +2.8% | +2.4% |
| BRENT | 2020-01-31 | [Risk of oil supply disruptions can have an immediate effect on oil prices -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/55266-risk-of-oil-supply-disruptions-can-have-an-immediate-effect-on-oil-prices-u-s.md) | -5.1% | -10.0% |
| BRENT | 2017-08-01 | [Brent and WTI crude oil prices expected to average about $50 per barrel through 2018](https://feedsoft.ai/events/70147-brent-and-wti-crude-oil-prices-expected-to-average-about-50-per-barrel-through.md) | -0.8% | -0.8% |
| BRENT | 2024-02-01 | [EIA expects relatively flat crude oil prices in 2024 and 2025](https://feedsoft.ai/events/32277-eia-expects-relatively-flat-crude-oil-prices-in-2024-and-2025.md) | -2.6% | +1.9% |

## Sources

- eia.gov: https://www.eia.gov/todayinEnergy/detail.php?id=30292

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