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https://www.wsj.com/articles/move-over-scotland-u-s-oil-enters-worlds-most-important-benchmark-d7602b5f

Move Over, Scotland. U.S. Oil Enters World’s Most Important Benchmark.

Production from Texas will soon be part of the calculation known as Brent crude

By David Uberti
, Bob Henderson
 and Joe Wallace
The Permian region has helped the U.S. become one of the world’s top oil exporters. Photo: BING GUAN/REUTERS

The energy world has for decades looked to oil rigs 100 miles off the coast of Scotland’s northernmost islands to help set the price of global crude. All eyes are now turning to Texas instead.

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Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved.

Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.