This the ICIS pricing methodology for Crude Oil. ICIS quotes Crude Oil prices in Europe, Asia-Pacific, the US, Middle East/West Asia, Latin America and Africa.
For more detail please see the full methodology document here: World Crude Report Methodology – 04 August 2014World Crude Report Methodology – 04 August 2014
ICIS continuously develops, reviews and revises its methodologies in consultation with industry participants. The product specifications and trading terms and conditions used are intended to reflect typical working practices prevalent in the industry. Previous versions of this methodology can be found under Archived Documents.