Investing.com - S&P Global Platts to include add Norway's Troll crude in basket for dated Brent benchmark from start of 2018.
The benchmark Brent basket currently includes Brent, Forties, Oseberg and Ekofisk, or BFOE, for official pricing.
The oil pricing agency said Monday the change was need to reflect an expected decline in North Sea output.
Troll, a light sweet crude, is the closest to the existing BFOE grades in characteristics, the agency said.
The inclusion of Troll marks the first change to the dated Brent benchmark in more than a decade.