Background
ICIS is implementing a process for rolling consultation on all of its pricing methodologies. GMC 11/16 is part of this process and covers all of the ICIS primary price points included in the World Crude Report.
The consultation asks both general questions about the suitability of the ICIS methodology and questions addressing specific crude oil market issues.
Click here to download the World Crude Report Consultation 2016
ICIS Decision
There were no formal responses to consultation GMC 11/16. ICIS will not be proposing any immediate changes to the methodology of the World Crude Report, apart from the inclusion of the new section on ICE Futures Brent contract expiry. Any decision to make further changes to this methodology will be communicated to subscribers using the usual channels and with the usual notice period.
ICIS continues to welcome any feedback on its crude oil methodology outside of the formal consultation process.
To provide further comments or feedback please contact Barbara Ortner, Head of Market Reporting: Barbara.Ortner@icis.com
