worldneweconomyМир новой экономикиThe world of new economy2220-64692220-7872Financial University under The Governtment оf The Russian Federation10.26794/2220-6469-2025-19-3-27-36worldneweconomy-547Research ArticleМИРОВАЯ ЭКОНОМИКАWORLD ECONOMYРеформа нефтяного бенчмарка Dated BrentReforming the Dated Brent Oil Benchmarkhttps://orcid.org/0009-0007-6111-4334ЦветаевЮ. В.TsvetaevYu. V.

Юрий Валерьевич Цветаев — советник вице-президента

Москва

Yuri V. Tsvetaev — Advisor to Vice President

Moscow

tsvetaev2008@yandex.ruАО «Санкт-Петербургская Международная Товарно-сырьевая Биржа»РоссияSaint Petersburg International Mercantile Exchange (SPIMEX)Russian Federation2025150920251932736Copyright © Цветаев Ю.В., 20252025Цветаев Ю.В.Tsvetaev Y.V.Данная работа распространяется под лицензией Creative Commons Attribution 4.0.This work is licensed under a Creative Commons Attribution 4.0 License.https://wne.fa.ru/jour/article/view/547

Предмет. Проведенная в 2023 г. реформа ключевого мирового нефтяного бенчмарка Dated Brent, в результате которой в состав одноименной корзины был включен западно-техасский сорт WTI Midland, стала важным событием последних лет в этом крупнейшем сегменте глобального товарного рынка. Цель. В статье рассмотрены цели и задачи инициаторов и авторов, изменивших в 2023 г. методику оценки Dated Brent, а также изучены факторы, сделавшие эту реформу возможной. К ним, прежде всего, следует отнести: истощение месторождений Северного моря, многие годы составлявшие физическую основу Dated Brent; рост добычи легкой низкосернистой нефти в Северной Америке; санкции Европейского союза против российской нефтяной отрасли, которые вызвали бум поставок на европейский континент жидких углеводородов из США. Выводы. В работе показано, что данная реформа была также вызвана неудачными попытками создать влиятельный нефтяной индикатор танкерных партий нефти на основе сырья, поставляемого из США на экспорт из портов Мексиканского залива.

Subject. The 2023 reform of the Dated Brent benchmark, one of the world’s most important crude oil pricing indicators, marked a significant development in the global commodities market. As part of this reform, the West Texas Intermediate (WTI) Midland grade was added to the Brent basket. Objective. This article examines the goals and intentions of the reform’s initiators and developers who revised the Dated Brent assessment methodology in 2023. It also explores the key factors that made the reform possible. These include the depletion of North Sea oil fields — which for decades served as the physical basis for Dated Brent — the surge in U.S. production of light, low-sulfur crude oil, and European Union sanctions against the Russian oil industry. These sanctions have triggered a sharp increase in U.S. hydrocarbon exports to Europe. Findings. The study demonstrates that the reform was also driven by unsuccessful attempts to create an influential oil benchmark based on U.S. crude exported from Gulf of Mexico ports.

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The authors declare that there are no conflicts of interest present.