Home > Term: 15 Day Brent
15 Day Brent
The 15-Day Brent crude oil market is so-called because a seller must give a buyer a minimum 15 days notice of the intended loading dates for a cargo of Brent Blend North Sea crude oil in any particular month traded. 15-Day Brent is traded in discreet months. At the point where the buyer—who may be at the end of a long trading chain—is informed of the loading dates, the cargo becomes a so-called Dated Brent cargo.
- Part of Speech: noun
- Industry/Domain: Energy
- Category: Energy trade
- Company: Platts
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- Jeremy Z
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