Thanks Dgrove, now I see where you are coming from, NDO have used a self imposed reference for comparative purposes only - On P14, by the way. Yet North Sea Brent prices have no real bearing in the Asia region, having much the same relevance as the oft touted media focus we have on the price of West Texas Intermediate(WTI), when really we should be focussed on Tapis, because that is the price gate for Asia.
Which then leads to another line of thought, suggesting if NDO have used Brent benchmarks for a business model, they have, all along, been very conservative with their pricing.
What say you !
expectation, page-18
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