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.
ICIS continuously develops, reviews and revises its methodologies in consultation with industry participants. Previous versions of this methodology can be found under Archived Documents.
For more detail please see the full methodology document here: World Crude Report Methodology – 16 June 2014