Updated Mar 29, 2026 17:53 IST
The National Stock Exchange (NSE) will launch ‘Dated Brent Crude Oil (Platts)’ futures from April 13. The move is an initiative towards more closely aligning India’s commodity derivatives market with global oil pricing benchmarks.
The National Stock Exchange (NSE) will launch ‘Dated Brent Crude Oil (Platts)’ futures from April 13. The move is an initiative towards more closely aligning India’s commodity derivatives market with global oil pricing benchmarks. The exchange said that after receiving approval from the Securities and Exchange Board of India (SEBI), this contract will be available for trading in its commodity derivatives segment.
This futures contract will be based on ‘Dated Brent Assessment’ of S&P Global Energy (Platts). It will be traded under the symbol ‘BRCRUDEOIL’ and its contracts will be listed every month. NSE believes that this new product will provide Indian traders with the opportunity to better hedge against global oil prices as till now they had to depend on foreign exchanges or other benchmarks for this.
trading time
Trading will be open from 9:00 AM to 11:30 PM/11:55 PM from Monday to Friday. This time will depend on US Daylight Saving Time. These contracts will be cash-settled, which means there will be no actual delivery of crude oil. The final settlement price will be arrived at as the monthly simple average of Platts Dated Brent assessments, which will be converted into rupees using the USD-INR reference rate of the Reserve Bank of India.
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NSE said that these contracts will follow the quality conditions set by S&P Global Energy (Platts). Its launch will fulfill a major need of those in the Indian market who want to invest in the global oil benchmark. Till now, domestic traders mostly relied on contracts linked to other crude oil benchmarks or foreign exchanges to hedge risks associated with fluctuations in international crude prices.
By introducing Platts-based Dated Brent contracts, NSE is providing an instrument that more closely tracks actual crude oil market prices. These prices are used extensively in global trade contracts.
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