Com 20240313
Com 20240313
Com 20240313
Key benchmarks ($/barrel) Brent/WTI spreads and EFPs (PGA page 218) Market Commentary
Mid Change Mid Change
(PGA page 2210) Brent/WTI 1st AALAU00 4.80/4.82 4.810 +0.110
Dubai (May) PCAAT00 82.20–82.22 82.210 -0.660 Brent/WTI 2nd AALAV00 4.73/4.75 4.740 +0.100 Platts Middle East Sour Crude Daily
Dubai (Jun)
Dubai (Jul)
PCAAU00
PCAAV00
81.95–81.97
81.11–81.13
81.960
81.120
-0.450
-0.410
Brent/WTI 3rd AALAY00
Brent EFP (May) AAGVX00 0.11/0.13
4.650
0.120
+0.050
-0.010
Market Analysis
MEC (May) AAWSA00 82.20–82.22 82.210 -0.660 Brent EFP (Jun) AAGVY00 0.14/0.16 0.150 -0.010
MEC (Jun) AAWSB00 81.95–81.97 81.960 -0.450 Brent EFP (Jul) AAMVY00 0.150 -0.010 ADNOC, Qatari spot cargoes trade on day
MEC (Jul) AAWSC00 81.11–81.13 81.120 -0.410
Brent/Dubai (May) AAJMS00 0.03/0.05 0.040 -0.010
WTI EFP (Apr)
WTI EFP (May)
AAGVT00
AAGVU00
-0.01/0.01
-0.01/0.01
0.000
0.000
0.000
0.000
May Al-Shaheen program shorter on month
(PGA page 1212) WTI EFP (Jun) AAGVV00 -0.01/0.01 0.000 0.000
Brent (Dated) PCAAS00 84.26–84.27 84.265 +1.035
Dated North Sea Light AAOFD00 84.26–84.27 84.265 +1.035 Spot trading activity was seen picking up in the
Dated Brent (CIF) PCAKM00 85.240 +0.990 Middle East ($/barrel) Asian and Middle East sour crude market March 13.
Brent (May) PCAAQ00 83.67–83.69 83.680 +1.080
(PGA page 2210) Mid Change
Brent (Jun) PCAAR00 83.20–83.22 83.210 +1.060 Oman (May) PCABS00 82.31–82.33 82.320 -0.550 May-loading Murban crude cargoes were heard
Brent (Jul) PCARR00 82.620 +0.990 Oman (Jun) 82.06–82.08 82.070 -0.340
Sulfur de-escalator AAUXL00 0.25 Oman (Jul)
AAHZF00
AAHZH00 81.22–81.24 81.230 -0.300
sold this week to Indian, Japanese, Chinese and South
Oseberg QP (Mar)
Oseberg QP (Apr)
AAXDW00
AAXDX00
1.4562
1.1901
Upper Zakum (May) AAOUQ00 82.19–82.23 82.210 -0.660 Korean refiners at premiums in the $1.80s-$1.90s/b to
Murban (May) AAKNL00 82.75–82.79 82.770 -0.630
Ekofisk QP (Mar) AAXDY00 1.0549 Murban (Jun) MBNSA00 82.520 -0.420
Platts Dubai crude assessments, FOB.
Ekofisk QP (Apr) AAXDZ00 0.9100
Troll QP (Mar) ATFNB00 1.6916
Murban (Jul) MBNSB00 81.680 -0.380 May-loading Umm Lulu crude cargoes were also
Al Shaheen AAPEV00 82.60–82.64 82.620 -0.510
Troll QP (Apr) ATFNA00 1.4247 Spread vs Dubai heard sold to a South Korean and a Thai refiner at a
(PGA page 210) Dubai DBDDC00 1.090 -0.250 (continued on page 3)
Platts AGS AGSAA00 82.110 +2.210 Oman DBDOC00 1.200 -0.140
WTI FOB USGC Decades Avg ADECA00 82.120 +2.210 Murban AARBZ00 1.650 -0.220
WTI (Apr) PCACG00 79.71–79.73 79.720 +2.160 Al Shaheen AAPEW00 1.45–1.55 1.500 -0.100 Contents
WTI (May) PCACH00 79.29–79.31 79.300 +2.050 Upper Zakum DBDUZ00 1.090 -0.250
WTI (Jun) AAGIT00 78.83–78.85 78.840 +1.940 Quality Premiums Market Analysis. ........................................................ 1
Light Houston Sweet AAXEW00 81.470 +2.210 Murban QP AASVA00 0.0000
Light Houston Sweet M2 AAYRY00 81.050 +2.050 Platts Oil Mideast Sour Crude Convergences. ......................... 4
LOOP Sour (Apr) AALSM01 79.220 +2.060 (PGA page 2658)
LOOP Sour (May) AALSM02 78.600 +1.850 Dubai Swap (Apr) AAHBM00 81.94–81.98 81.960 -0.450 Platts Middle East Sour Crude Bids, Offers, Trades..................... 4
LOOP Sour (Jun) AALSM03 78.490 +1.740 Dubai Swap (May) AAHBN00 81.10–81.14 81.120 -0.410
Bakken AAXPP00 76.870 +2.020 Dubai Swap (Jun) AAHBO00 80.31–80.35 80.330 -0.380 Platts Dubai Derivatives Bids Summary. ............................... 7
Eagle Ford Marker AAYAJ00 80.660 +2.420
Platts Dubai Derivatives Offers Summary. ............................. 7
ACM* (Apr) AAQHN00 78.51–78.53 78.520 +2.060
ACM* (May) AAQHO00 77.89–77.91 77.900 +1.850 Platts Dubai Derivatives Trades Summary.............................. 8
ACM* (Jun) AAQHP00 77.78–77.80 77.790 +1.740
*Americas Crude Marker. Platts Dubai Derivatives Exclusions. ................................... 8
Forward Dated Brent ($/barrel) (PGA page 1250) Platts Asia Pacific Sweet Crude Daily Market Analysis. ................ 8
Mid Change Platts Asia Light Sweet Crude Bids, Offers, Trades. .................... 9
North Sea Dated strip AAKWH00 83.62–83.64 83.630 +1.040
Mediterranean Dated strip AALDF00 83.63–83.64 83.635 +1.050 Platts North Sea Crude Daily Market Analysis.......................... 9
33-63 Day Dated strip AALEJ00 83.27–83.28 83.275 +1.105
BTC Dated strip AAUFI00 83.63–83.64 83.635 +1.070 Platts North Sea Dated Brent, BFOE, CFD Bids, Offers, Trades. ........ 12
15-45 Day Dated strip AALGM00 83.59–83.60 83.595 +1.100
30-60 Day Dated strip AAXRK00 83.31–83.33 83.320 +1.110 Platts WTI Midland Crude DAP Europe Bids, Offers, Trades............ 18
North Sea CIF Dtd strip AAHXE00 83.635 +1.055
23-63 Day Dated Strip ADBRA00 83.340 +1.100 Platts Mediterranean & Black Sea Sweet Crude Daily Commentary. .. 18
www.spglobal.com/commodityinsights
Crude Oil Marketwire March 13, 2024
Exclusions: No market data was excluded from the North Sea spot crude assessments ($/barrel) (PGA page 1212)
Mid Change Spread vs fwd Dated Brent Mid Change
Middle East sour crude MOC
Dated Brent Diff AAXEZ00 0.63/0.64 0.635 -0.005
BNB AAVJA00 84.81–84.82 84.815 +1.015 AAVJB00 1.18/1.19 1.185 -0.025
Platts Oil Mideast Sour Crude Forties
Oseberg
PCADJ00
PCAEU00
84.94–84.96
86.78–86.80
84.950 +1.025
86.790 +1.010
AAGWZ00
AAGXF00
1.31/1.33
3.15/3.17
1.320
3.160
-0.015
-0.030
Convergences Ekofisk PCADI00 86.24–86.25 86.245 +0.940 AAGXB00 2.61/2.62 2.615 -0.100
Troll AAWEX00 86.98–87.00 86.990 +1.005 AAWEY00 3.35/3.37 3.360 -0.035
FOB N Sea WTI Midland ALNDA00 84.275 +0.970 ALNDB00 0.645 -0.070
None reported. Statfjord PCAEE00 86.22–86.24 86.230 +0.990 AAGXD00 2.59/2.61 2.600 -0.050
Flotta Gold PCACZ00 84.82–84.84 84.830 +0.990 AAGXH00 1.19/1.21 1.200 -0.050
Duc AAWEZ00 86.17–86.19 86.180 +0.990 AAWFL00 2.54/2.56 2.550 -0.050
Platts Middle East Sour Crude Bids, Offers, Grane Blend PCALA00 81.530 +1.040 PCALB00 -2.100 0.000
Trades Johan Sverdrup
Statfjord (CIF)
AJSVA00
AASAS00 87.33–87.34
80.825 +1.060
87.335 +1.005
AJSVB00
AASAT00 3.69/3.71
-2.805
3.700
+0.020
-0.050
Gullfaks (CIF) AASAU00 87.62–87.63 87.625 +1.005 AASAV00 3.98/4.00 3.990 -0.050
Alvheim (CIF) ALVHA00 87.735 +1.005 ALVHB00 4.100 -0.050
Bids:
Asgard (CIF) ASGCA00 86.085 +1.005 ASGCB00 2.450 -0.050
PLATTS DUBAI: MAY24: MERCURIA BIDS 25KB North Sea basket AAGIZ00 85.69–85.71 85.700 +0.995
North Sea Dated Strip 83.62–83.64 83.630 +1.040
AT $82.20 AAKWH00
European Sour Crude Index CSBEA00 81.237 +1.051 CSBEB00 -2.393 +0.011
PLATTS DUBAI: MAY24: TRAFIGURA BIDS 25KB Spread vs fwd CIF Dated Brent
AT $82.20 Dated Brent (CIF) AAVJG00 85.240 +0.990 AAVJF00 1.605 -0.065
BNB (CIF) PCAKP00 86.775 +1.065 AAVJC00 3.140 +0.010
PLATTS DUBAI: MAY24: BP BIDS 25KB AT $82.20 Forties (CIF) PCAKR00 86.345 +1.060 AAHXC00 2.710 +0.005
PLATTS DUBAI: MAY24: SHELL BIDS 25KB AT $82.20 Oseberg (CIF) PCAKT00 87.980 +1.045 AAHXD00 4.345 -0.010
Ekofisk (CIF) PCAKV00 87.330 +0.975 AAHXB00 3.695 -0.080
AND WITHDRAWS DURING EXTENSION Troll (CIF) AAXJO00 88.205 +1.040 AAXJN00 4.570 -0.015
PLATTS DUBAI: MAY24: PETROCHINA BIDS 25KB WTI Midland (CIF) WMCRD00 85.240 +0.990 WMCRB00 1.605 -0.065
Johan Sverdrup (CIF) AJSWA00 82.010 +1.100 AJSWB00 -1.625 +0.045
AT $82.10 North Sea CIF Dated Strip AAHXE00 83.635 +1.055
PLATTS DUBAI: MAY24: PHILLIPS 66 BIDS 25KB AT
$82.10 AND WITHDRAWS DURING EXTENSION
PLATTS DUBAI: MAY24: GLENCORE BIDS 25KB Freight Adjustment Factors
AT $82.00 ($/barrel) Change
Sullom Voe-Rotterdam FSVRM00 1.5048 -0.0168
PLATTS DUBAI: MAY24: MITSUI NO LONGER BIDS Hound Point-Rotterdam FHPRM00 1.0854 -0.0117
AFTER TRADE Sture-Rotterdam FSTRM00 0.9340 -0.0100
Teesside-Rotterdam FTSRM00 0.8373 -0.0089
Offers: Mongstad-Rotterdam FMGRM00 0.9509 -0.0102
PLATTS DUBAI: MAY24: TOTAL OFFERS 25KB AT North Sea-Rotterdam FSFRM00 0.9631 -0.0104
$82.21 AND TRADES DURING EXTENSION (%)
PLATTS DUBAI: MAY24: EXXONMOBIL OFFERS 25KB FAF Weighting FAFWA00 0.80
AT $82.21 AND TRADES DURING EXTENSION
PLATTS DUBAI: MAY24: EQUINOR OFFERS 25KB
AT $82.22 European US Spot Crude Assessments ($/barrel) (PGA page 1238)
PLATTS DUBAI: MAY24: GUNVOR OFFERS 25KB Mid Change Spread vs fwd Dated Brent Mid Change
WTI Midland (DAP Rotterdam) AWTIC00 85.620 +0.975 AWTID00 2.280 -0.125
AT $82.23 WTI Midland (DAP Augusta) AWTIA00 86.270 +0.975 AWTIB00 2.930 -0.125
PLATTS DUBAI: MAY24: GLENCORE OFFERS 25KB Eagle Ford 45 (DAP Rotterdam) AEFAC00 84.720 +0.975 AEFAD00 1.380 -0.125
Eagle Ford 45 (DAP Augusta) AEFAA00 85.370 +0.975 AEFAB00 2.030 -0.125
AT $82.24
PLATTS DUBAI: MAY24: PETROCHINA OFFERS 25KB
AT $82.35
PLATTS DUBAI: MAY24: BP OFFERS 25KB AT $82.60 Dated Brent/BFOE swaps ($/barrel) (PGA page 1214)
PLATTS DUBAI: MAY24: PHILLIPS 66 OFFERS 25KB Week Week Date Brent CFD* Mid Change Dated Brent swap Mid Change
AT $82.60 CFD Week 1 (Jun) Mar 11-15 PCAKA00 0.50/0.52 0.510 -0.180 AAJNV00 83.71/83.73 83.720 +0.880
CFD Week 2 (Jun) Mar 18-22 PCAKC00 0.42/0.44 0.430 -0.180 AAJOS00 83.63/83.65 83.640 +0.880
PLATTS DUBAI: MAY24: UNIPEC NO LONGER
CFD Week 3 (Jun) Mar 25-29 PCAKE00 0.36/0.38 0.370 -0.130 AAJOU00 83.57/83.59 83.580 +0.930
OFFERS AFTER TRADE CFD Week 4 (Jun) Apr 01-05 PCAKG00 0.45/0.46 0.455 +0.055 AAJOW00 83.66/83.67 83.665 +1.115
PLATTS DUBAI: MAY24: VITOL NO LONGER OFFERS CFD Week 5 (Jun) Apr 08-12 AAGLU00 0.43/0.45 0.440 +0.070 AAJPC00 83.64/83.66 83.650 +1.130
CFD Week 6 (Jun) Apr 15-19 AAGLV00 0.37/0.39 0.380 +0.090 AAJPE00 83.58/83.60 83.590 +1.150
AFTER TRADE
CFD Week 7 (Jun) Apr 22-26 AALCZ00 0.28/0.30 0.290 +0.070 AALAW00 83.49/83.51 83.500 +1.130
PLATTS DUBAI: MAY24: IDEMITSU NO LONGER CFD Week 8 (Jun) Apr 29-03 AALDA00 0.21/0.23 0.220 +0.040 AALAX00 83.42/83.44 83.430 +1.100
OFFERS AFTER TRADE Brent Swaps Weeks 1 to 8 are differentials to Brent Mo02 (Jun) PCAAR00 found on page 1.
PLATTS DUBAI: MAY24: RELIANCE NO LONGER
OFFERS AFTER TRADE
Trades:
PLATTS DUBAI: MAY24: TOTAL SELLS TO MITSUI* Dated Brent/Brent Frontline Swaps (DFL) ($/barrel) (PPE page 1614)
25KB AT $82.24 (08:28:37) Swaps Change DFL Change
PLATTS DUBAI: MAY24: TOTAL SELLS TO Balance month* (Mar 24) BDLBM00 83.700 +0.990 ABWFZ00 0.160 -0.100
Month 1 (Apr 24) BDLM001 83.510 +1.140 AAEAA00 0.480 +0.080
MERCURIA* 25KB AT $82.24 (08:28:41)
Month 2 (May 24) BDLM002 83.040 +1.100 AAEAB00 0.600 +0.110
PLATTS DUBAI: MAY24: TOTAL SELLS TO MITSUI* Month 3 (Jun 24) BDLM003 82.430 +1.000 AAEAC00 0.630 +0.070
25KB AT $82.24 (08:28:43) Month 4 (Jul 24) BDLM004 81.770 +0.940 AAEAD00 0.610 +0.040
PLATTS DUBAI: MAY24: VITOL SELLS TO *Balance month swaps are assessed from the 1st through the 20th of the month.
PLATTS DUBAI: MAY24: MITSUI BUYS FROM Urals/ESPO spot assessments ($/barrel) (PGA page 1220)
Mid Change Spread vs fwd Dated Brent Mid Change
UNIPEC* 25KB AT $82.21 (08:29:29) Urals (Rotterdam) PCAFW00 70.15–70.18 70.165 +1.080 AAGXJ00 -13.48/-13.46 -13.470 +0.030
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM Urals (Mediterranean) PCACE00 71.61–71.63 71.620 +1.610 AAGXX00 -12.02/-12.01 -12.015 +0.560
Urals FOB Novo Suez AAGZS00 66.82–66.85 66.835 +1.050 AAHPH00 -16.81/-16.79 -16.800 0.000
EXXONMOBIL* 25KB AT $82.21 (08:29:31) Urals FOB Novo Afra AAOTH00 66.42–66.45 66.435 +1.050 AAOTI00 -17.21/-17.19 -17.200 0.000
PLATTS DUBAI: MAY24: TRAFIGURA BUYS FROM Urals (Ex-Baltic)
Urals (Primorsk)
AAGZT00
AAWVH00
66.82–66.85
66.82–66.85
66.835 +1.050
66.835 +1.050
AAHPI00
AAWVI00
-16.81/-16.79
-16.81/-16.79
-16.800 0.000
-16.800 0.000
EXXONMOBIL* 25KB AT $82.21 (08:29:35) Urals RCMB (Recombined) AALIN00 72.24–72.26 72.250 +1.595
ESPO (FOB Kozmino) AARWD00 79.89–79.91 79.900 +1.010 AARWE00 -3.15/-3.13 -3.140 -0.090
PLATTS DUBAI: MAY24: MITSUI BUYS FROM KEBCO (CIF Augusta) KBCOA00 83.135 +1.050 KBCOB00 -0.500 0.000
UNIPEC* 25KB AT $82.21 (08:29:36) KEBCO (CIF Rotterdam) KBCOC00 83.135 +1.050 KBCOD00 -0.500 0.000
KEBCO (FOB Novo) KBCOE00 77.950 +0.490 KBCOF00 -5.685 -0.560
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM KEBCO (FOB Ust-Luga) KBCOG00 79.680 +1.015 KBCOH00 -3.955 -0.035
Urals (DAP India) DWCUA00 79.910 +1.140 DWCUB00 -3.600 0.000
VITOL* 25KB AT $82.21 (08:29:37) KEBCO/Russian Urals AKEBA00 11.515 -0.560
PLATTS DUBAI: MAY24: TOTAL SELLS TO Spread vs Dubai
TRAFIGURA* 25KB AT $82.20 (08:29:39) Urals (DAP India) vs M1 AURLA00 -3.270 +0.080
Urals (DAP India) vs M2 AURLB00 -2.390 +0.130
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM Number of days
EXXONMOBIL* 25KB AT $82.21 (08:29:39) Observed Delivery Factor AODFA00 -4
PLATTS DUBAI: MAY24: MITSUI BUYS FROM
UNIPEC* 25KB AT $82.21 (08:29:41)
Urals Med/NWE CFD assessments ($/barrel)
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM
Urals CFD Mid Change
IDEMITSU* 25KB AT $82.21 (08:29:42) Mediterranean (PPE page 1617)
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM Urals Med CFD (Apr) AAMDU00 -12.02/-12.01 -12.015 +0.585
VITOL* 25KB AT $82.21 (08:29:45) Urals Med CFD (May) AAMEA00 -12.02/-12.01 -12.015 +0.585
Urals Med CFD (Jun) UMCM003 -12.02/-12.01 -12.015 +0.585
PLATTS DUBAI: MAY24: MITSUI BUYS FROM
Northwest Europe (PPE page 1617)
EXXONMOBIL* 25KB AT $82.21 (08:29:46) Urals NWE CFD (Apr) UNCM001 -13.48/-13.46 -13.470 +0.030
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM Urals NWE CFD (May) UNCM002 -13.48/-13.46 -13.470 +0.030
Urals NWE CFD (Jun) UNCM003 -13.48/-13.46 -13.470 +0.030
UNIPEC* 25KB AT $82.21 (08:29:47)
Mediterranean (PPE page 1617)
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM CPC Blend CFD (Apr) AAOFX00 -2.750 -0.050
RELIANCE* 25KB AT $82.21 (08:29:48) CPC Blend CFD (May) AAOFY00 -2.700 0.000
PLATTS DUBAI: MAY24: MERCURIA BUYS FROM CPC Blend CFD (Jun) AAOFZ00 -2.700 0.000
PLATTS DUBAI: MAY24: GLENCORE BUYS FROM Mediterranean spot crude assessments (continued) ($/barrel)
Mid Change Spread vs fwd Dated Brent Mid Change
UNIPEC* 25KB AT $82.21 (08:29:59)
Middle East & North Africa (PGA page 1234)
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM Suez Blend PCACA00 82.97–83.00 82.985 +1.050 AAGYD00 -0.66/-0.64 -0.650 0.000
TOTAL* 25KB AT $82.21 (08:30:01) Es Sider PCACO00 83.72–83.75 83.735 +1.120 AAGYH00 0.09/0.11 0.100 +0.050
Kirkuk AAEJD00 82.02–82.05 82.035 +1.050 AAGYF00 -1.61/-1.59 -1.600 0.000
PLATTS DUBAI: MAY24: TRAFIGURA BUYS FROM Iranian Light FOB Kharg Island (Med) AILKA00 82.375 +1.150 AILKB00 -1.260 +0.100
EXXONMOBIL* 25KB AT $82.21 (08:30:01) Iranian Heavy FOB Kharg Island (Med) AIHKA00 80.375 +1.150 AIHKB00 -3.260 +0.100
Saharan Blend AAGZY00 84.42–84.45 84.435 +0.870 AAHPN00 0.79/0.81 0.800 -0.200
PLATTS DUBAI: MAY24: PETROCHINA BUYS FROM
RELIANCE* 25KB AT $82.21 (08:30:01) West African spot crude assessments ($/barrel) (PGA page 1230)
This assessment commentary applies to the Mid Change Spread vs fwd Dated Brent Mid Change
following market data codes: Dubai M1 <PCAAT00>, WAF Index AWAFA00 87.133 +0.860 AWAFB00 3.813 -0.250
Oman M1 <PCABS00> Nigeria Spot Crude Assessments
Agbami AAQZB00 82.70–82.74 82.720 +0.910 AAQZC00 -0.61/-0.59 -0.600 -0.200
Akpo PCNGA00 82.90–82.94 82.920 +0.910 PCNGB00 -0.41/-0.39 -0.400 -0.200
Platts Dubai Derivatives Bids Summary Bonga PCNGC00 87.95–87.99 87.970 +0.810 PCNGD00 4.64/4.66 4.650 -0.300
Bonny Light PCAIC00 86.10–86.14 86.120 +0.910 AAGXL00 2.79/2.81 2.800 -0.200
Brass River AAEJB00 84.50–84.54 84.520 +0.910 AAGXV00 1.19/1.21 1.200 -0.200
BIDS ON CLOSE Egina AFONA00 90.820 +0.810 AFONB00 7.500 -0.300
Erha AAXUO00 88.070 +0.810 AAXUP00 4.750 -0.300
—————————— Escravos AAEIZ00 87.80–87.84 87.820 +0.810 AAGXR00 4.49/4.51 4.500 -0.300
NO BIDS REPORTED Forcados PCABC00 87.70–87.74 87.720 +0.810 AAGXP00 4.39/4.41 4.400 -0.300
Qua Iboe PCAID00 86.70–86.74 86.720 +0.910 AAGXN00 3.39/3.41 3.400 -0.200
WITHDRAWALS Usan AAXUQ00 81.020 +0.910 AAXUR00 -2.300 -0.200
—————————— Angola spot crude assessments ($/barrel) (PGA page 1232)
NO WITHDRAWALS REPORTED Cabinda PCAFD00 84.25–84.29 84.270 +1.110 AAGXT00 0.94/0.96 0.950 0.000
Dalia AAQYX00 82.40–82.44 82.420 +1.110 AAQYY00 -0.91/-0.89 -0.900 0.000
Platts’ End-of-Day assessments for Dubai Girassol AASNL00 85.30–85.34 85.320 +1.110 AASJD00 1.99/2.01 2.000 0.000
derivatives prices can be found on PPA2606. Hungo AASLJ00 81.90–81.94 81.920 +1.110 AASJF00 -1.41/-1.39 -1.400 0.000
Kissanje AASLK00 82.55–82.59 82.570 +1.110 AASJE00 -0.76/-0.74 -0.750 0.000
Platts Oil Paper Bids, Offers and Trade Page Index Nemba AAQYZ00 82.75–82.79 82.770 +1.110 AAQZA00 -0.56/-0.54 -0.550 0.000
found on <PGA4000> Pazflor PCNGG00 82.40–82.44 82.420 +1.110 PCNGH00 -0.91/-0.89 -0.900 0.000
Plutonio PCNGI00 82.10–82.14 82.120 +1.110 PCNGJ00 -1.21/-1.19 -1.200 0.000
Platts has defined standards for entities it
Ghana spot crude assessments (PGA page 1230)
considers to be related and verifies through a variety of Jubilee AAXUS00 84.320 +1.010 AAXUT00 1.000 -0.100
inputs whether counterparties in reported trades meet Republic of Congo spot crude assessments
these criteria. Djeno PCNGE00 81.25–81.29 81.270 +1.110 PCNGF00 -2.06/-2.04 -2.050 0.000
Chad spot crude assessments
Doba AAXUU00 79.170 +1.110 AAXUV00 -4.150 0.000
Platts Dubai Derivatives Offers Summary
West Africa market parity prices ($/barrel) (PGA page 1270)
OFFERS ON CLOSE Mid Change Spread vs fwd Dated Brent Mid Change
—————————— Abo Blend AAXTL00 85.990 +0.880 ABOOM00 2.670 -0.230
Aje APIRP00 85.370 +0.830 APIRA00 2.050 -0.280
NO OFFERS REPORTED Amenam Blend AAXTI00 84.645 +0.875 AMENA00 1.325 -0.235
WITHDRAWALS Antan Blend APIRQ00 86.660 +0.980 APIRB00 3.340 -0.130
Asaramatoru AAXTV00 85.650 +0.810 ASARA00 2.330 -0.300
—————————— CJ Blend APIRR00 87.580 +0.780 APIRC00 4.260 -0.330
NO WITHDRAWALS REPORTED EA Blend AAXTJ00 87.380 +0.945 AEABL00 4.060 -0.165
Ebok APIRS00 81.760 +0.895 APIRD00 -1.560 -0.215
Platts’ End-of-Day assessments for Dubai Eremor APIRT00 83.625 +0.880 APIRE00 0.305 -0.230
derivatives prices can be found on PPA2606. Ima APIRU00 84.500 +0.805 APIRF00 1.180 -0.305
Jones Creek Blend APIRV00 84.465 +1.045 APIRG00 1.145 -0.065
Platts Oil Paper Bids, Offers and Trade Page Index Okono Blend APIRW00 86.460 +0.910 APIRH00 3.140 -0.200
Elsewhere, tender results were also awaited for the US spot crude assessments (continued)
Spread vs 2nd line WTI
third crude tender issued by Indonesia’s Pertamina,
WTI MEH (2nd month) AAXXE00 81.050 +2.050 AAYYA00 1.750 0.000
on behalf of Pertamina Kilang Internasional closing WTI Midland (2nd month) AAYZA00 80.650 +2.100 AAXXF00 1.350 +0.050
March 13. WTS (2nd month) AAURG00 79.34–79.36 79.350 +2.100 AAURH00 0.04/0.06 0.050 +0.050
LLS (2nd month) AAURC00 81.59–81.61 81.600 +1.850 AAURD00 2.29/2.31 2.300 -0.200
In the previous two tenders seeking May-delivery HLS (2nd month) AAURE00 81.09–81.11 81.100 +1.850 AAURF00 1.79/1.81 1.800 -0.200
crudes, Pertamina had purchased West Africa’s Egina, Spread vs NYMEX WTI CMA
Escravos and Etame crude barrels via the first tender; WCS ex-Cushing AAWTY00 72.01–72.03 72.020 +1.970 AAWTZ00 -7.16/-7.14 -7.150 -0.050
WCS ex-Nederland AAYAY00 73.020 +1.970 AAYAX00 -6.150 -0.050
as well as Erha, Escravos, Kissanje and Qua Iboe Bakken Williston AAXPP00 76.870 +2.020 AASRX00 -2.300 0.000
grades in the second tender. Bakken Guernsey AASRR00 77.31–77.33 77.320 +2.170 AASRV00 -1.86/-1.84 -1.850 +0.150
Bakken Clearbrook AASRU00 77.21–77.23 77.220 +2.020 AASRW00 -1.96/-1.94 -1.950 0.000
Pertamina, a key buyer of West African crude Bakken USGC Pipe ABAKA00 81.070 +2.220 ABAKB00 1.900 +0.200
grades, typically awards one to two purchase tenders FOB USGC FOB USGC Spread vs NYMEX WTI Strip
for crude per month, sources said. Platts AGS AGSAA00 82.110 +2.210 AGSAC00 2.890 +0.190
Bakken ABAKC00 82.110 +2.210 ABAKD00 2.890 +0.190
“Due to Ramadan, they need to build up some Eagle Ford Crude AAYAT00 81.110 +2.210 AAYAU00 1.890 +0.190
stock for the increased demand, so they would want Eagle Ford Condensate AAYAR00 79.610 +2.210 AAYAS00 0.390 +0.190
to buy more gasoline or more crude,” an Asia-based WTI AAYBA00 82.110 +2.210 AAYAZ00 2.890 +0.190
WTI FOB USGC vs WTI MEH (by decade)
trader said. WTI FOB USGC First Decade ADECB00 82.170 +2.210 ADECD00 0.700 0.000
Meanwhile, details emerged on Papua New Guinea’s WTI FOB USGC Second Decade ADECE00 82.120 +2.210 ADECG00 0.650 0.000
WTI FOB USGC Third Decade ADECH00 82.070 +2.210 ADECJ00 0.600 0.000
Kutubu light sweet crude. Santos’ 650,000-barrel cargo
WTI FOB USGC Decades Average ADECA00 82.120 +2.210
of the same grade was sold to trading house Glencore FOB USGC Spread vs Dated Brent Strip WTI FOB USGC vs Dated Brent Basis (by decade)
for May 7-11 loading. Platts AGS AGSAB00 -1.950 +0.100 ADECC00 -1.750 +0.150
Bakken ABAKE00 -1.950 +0.100 ADECF00 -1.800 +0.150
Some market participants said the cargo was sold Eagle Ford Crude AEFCA00 -2.950 +0.100 ADECI00 -1.850 +0.150
close to parity to Dated Brent, FOB, significantly higher Eagle Ford Condensate AEFCB00 -4.450 +0.100
than earlier heard trade levels of discounts in the high- WTI AWTUA00 -1.950 +0.100
Global Benchmarks at US Close WTI FOB USGC vs ICE Brent Basis (by decade)
$3s/b over the same benchmark. Americas Dated Brent AAQBF00 84.730–84.750 84.740 +2.060 ADECK00 -1.270 +0.230
“I don’t know why they paid up, it’s not as strong as ADECL00 -1.320 +0.230
before...middle distillate cracks came off compared ADECM00 -1.370 +0.230
rumbled on and Europe faced a surplus of supply. US domestic crude assessments London close ($/barrel) (PGA page 1240)
Spread to
Softening demand, well-supplied European buyers
Mid Change NYMEX light sweet crude Mid Change
and a downturn in adjacent sweet markets heaped WTI (Apr) AAQAR00 79.23–79.25 79.240 +0.990 AAQAS00 -0.01/0.01 0.000 0.000
WTI (May) AAQAT00 78.86–78.88 78.870 +0.970 AAQAU00 -0.01/0.01 0.000 0.000
pressure on differentials for April-loading with the WTI (Jun) AAQAV00 78.46–78.48 78.470 +0.960 AAQAW00 -0.01/0.01 0.000 0.000
North Sea mirroring weakness evident across other Spread to
Atlantic Basin sweet markets. same-month cash WTI Mid Change
WTI MEH (Apr) AAYRZ00 80.940 +0.990 AAYTA00 1.700 0.000
Despite lackluster demand, the April trading cycle WTI MEH (May) AAXYD00 80.620 +0.970 AAYWA00 1.750 0.000
LLS (Apr) 81.98–82.00 81.990 +0.990 2.74/2.76 2.750 0.000
was in near full focus. AAQBB00 AAQBC00
LLS (May) AAQBD00 81.16–81.18 81.170 +0.770 AAQBE00 2.29/2.31 2.300 -0.200
One northern European refinery tendered for MARS (Apr) AAQAX00 78.93–78.95 78.940 +0.990 AAQAY00 -0.31/-0.29 -0.300 0.000
MARS (May) 78.36–78.38 78.370 +0.870 -0.51/-0.49 -0.500 -0.100
a variety of crudes including Brent Blend, Forties, AAQAZ00 AAQBA00
indications testing the March 12 assessments. Ekofisk Canadian spot crude cargo assessments ($/barrel) (PGA page 230)
Mid Change Spread vs fwd Dated Brent Mid Change
was assessed 10 cents/b lower March 23 to April
Hebron AHEBA00 79.575 +1.105 AHEBC00 -3.700 0.000
12 with a flat structure rolled over back-end dates Terra Nova AAJUH00 79.66–79.69 79.675 +1.105 AAJUJ00 -3.61/-3.59 -3.600 0.000
Hibernia 82.91–82.94 82.925 +1.105 -0.36/-0.34 -0.350 0.000
reflecting previously heard values and weakening AAJKK00 AAJKM00
White Rose AAVJX00 83.76–83.79 83.775 +1.105 AAVJY00 0.49/0.51 0.500 0.000
sweet market fundamentals in the absence of The published spreads for Canadian cargo assessments reflect the market value at which these grades are trading versus Dated Brent around loading time. The
indications testing the March 12 assessment. Oseberg spreads and fixed price assessments reflect a typical forward loading window of 33-63 days forward. For further explanation see www.platts.com.
and Troll were assessed 5 cents/b lower March 23 to
Canadian spot crude assessments ($/barrel) (PGA page 230)
April 12 with flat structures rolled over back-end dates
Mid Change Spread vs Canada basis Mid Change
reflecting weakening sweet market fundamentals and Lloyd Blend AALRK00 64.86–64.88 64.870 +2.070 AALRP00 -14.31/-14.29 -14.300 +0.050
in the absence of indications testing the March 12 Mixed Sweet AALRR00 73.66–73.68 73.670 +2.020 AALRV00 -5.51/-5.49 -5.500 0.000
Light Sour Blend AALRX00 74.76–74.78 74.770 +2.020 AALSD00 -4.41/-4.39 -4.400 0.000
assessments. FOB WTI Midland was assessed lower Midale AAUCC00 70.51–70.53 70.520 +2.020 AAUCE00 -8.66/-8.64 -8.650 0.000
reflecting a lower CIF Rotterdam assessment and a Condensates AALSF00 76.31–76.33 76.320 +2.020 AALSJ00 -2.86/-2.84 -2.850 0.000
Syncrude Sweet Prem. AASOK00 80.16–80.18 80.170 +1.520 AASOM00 0.99/1.01 1.000 -0.500
lower freight adjustment factor. CIF WTI Midland was WCS Hardisty AAPPN00 64.16–64.18 64.170 +2.070 AAPPP00 -15.01/-14.99 -15.000 +0.050
assessed in a flat structure March 25-29 reflecting Cold Lake Hardisty AASZX00 64.01–64.03 64.020 +2.070 AASZZ00 -15.16/-15.14 -15.150 +0.050
WTI CMA (1st mo) AAVSN00 79.170 +2.020
values earlier demonstrated in the MOC. March 29 to
April 10 was assessed in a 6.25 cents/day contango Latin American assessments ($/barrel) (PGA page 280)
structure using a traded offer April 10-12. April 12- Diff to Diff to Futures Diff to Dated
Mid Change WTI strip Brent strip Brent strip
13 was assessed in a flat structure. WTI Midland Escalante PCAGC00 82.74–82.79 82.765 +1.910 PCAGO00 3.720 AAXBS00 -0.400 AAXAX00 -0.930
was the most competitive grade in the Dated Brent Medanito AMTOA00 80.365 +1.910 AMTOC00 1.320 AMTOB00 -2.800 AMTOD00 -3.330
Loreto PCAGH00 73.92–73.97 73.945 +1.880 PCAGQ00 -5.100 AAXBV00 -9.220 AAXBG00 -9.750
assessment March 23 to April 9, while Brent Blend was Oriente PCADE00 74.82–74.87 74.845 +1.880 PCAGU00 -4.200 AAXBW00 -8.320 AAXBH00 -8.850
the most competitive April 9-13. Napo AAMCA00 70.32–70.37 70.345 +1.980 AAMCD00 -8.700 AAXBX00 -12.820 AAXBI00 -13.350
Tupi ATUPA00 82.465 +2.010 ATUPC00 3.420 ATUPB00 -0.700 ATUPD00 -1.230
BFOE (PCAAQ00-PCAAR00,PCARR00> assessment Castilla Blend AAVEQ00 74.79–74.84 74.815 +1.960 AAVEQ01 -4.230 AAXBZ00 -8.350 AAXBK00 -8.880
rationale: Vasconia PCAGI00 78.29–78.34 78.315 +1.910 PCAGR00 -0.730 AAXCB00 -4.850 AAXBN00 -5.380
Liza ALIZA00 83.345 +2.010 ALIZD00 4.300 ALIZC00 0.180 ALIZB00 -0.350
May Cash BFOE was assessed using multiple traded Unity Gold AUNIA00 83.545 +2.010 AUNIC00 4.500 AUNIB00 0.380 AUNID00 -0.150
bids and offers. June Cash BFOE was assessed using Payara Gold AYARA00 83.345 +2.010 AYARD00 4.300 AYARC00 0.180 AYARB00 -0.350
Latin America WTI strip AAXBP00 79.045
a May/June EFP roll heard during the day. July Cash Latin America Futures Brent strip AAXBQ00 83.165
BFOE was assessed using a June/July EFP roll heard Latin America Dated Brent strip AAXBR00 83.695
market fundamentals and in the absence of indications Ruble-denominated Russian assessments (Rb/barrel) (PGA page 1224)
Mid Change
testing the March 12 assessment.
Russian crude oil benchmarks
Exclusions: None Urals FOB Novorossiysk AAUJP00 6105.680–6108.420 6107.048 +67.656
Platts is part of S&P Global Commodity Insights Urals FOB Baltic AAUJQ00 6105.680–6108.420 6107.048 +67.656
Urals FOB Novorossiysk 80kt AAUJR00 6069.130–6071.870 6070.498 +67.828
Urals CIF Mediterranean AAUJS00 6543.360–6545.190 6544.278 +117.010
Platts North Sea Dated Brent, BFOE, CFD Urals CIF Rotterdam AAUJT00 6409.960–6412.700 6411.327 +68.979
Bids, Offers, Trades US$/Ruble forex rate: 91.3750. Platts Ruble denominated crude oil assessments are based on market values and a US$/Ruble forex rate at 4:30 PM local London
time.
Bids: Platts CAD-denominated Canada spot crude assessments (C$/cu m) (PGA page 232)
NORTH SEA: None Mid Change
CASH BFOE: None Lloyd Blend AALRM00 549.211–549.380 549.296 +16.165
Mixed Sweet AALRT00 623.726–623.895 623.811 +15.549
BRENT CFDS: PLATTS BRENT DIFF: MAR18-MAR22 Light Sour Blend AALRZ00 633.040–633.210 633.125 +15.525
(MAY): EQUINOR BIDS 100KB AT $-0.05 Midale AAUCD00 597.053–597.222 597.138 +15.617
Condensates AALSH00 646.165–646.335 646.250 +15.491
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): UNIPEC Syncrude Sweet AASOL00 678.766–678.935 678.850 +11.163
BIDS 100KB AT $-0.10 WCS Hardisty AAPPO00 543.284–543.453 543.368 +16.179
Cold Lake Hardisty AASZY00 542.013–542.183 542.098 +16.183
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): DV
TRADING BIDS 100KB AT $-0.15
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): DARE Daily US$ vs EURO exchange rate (PGA page 1151)
BIDS 100KB AT $-0.20 Mid Change
March 13, 2024 AAFCW00 1.0944 +0.003
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): ONYX
BIDS 100KB AT $-0.20
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): Asia close Brent and WTI spot assessments ($/barrel) (PGA page 2210)
MERCURIA BIDS 100KB AT $-0.20 Mid Change
Brent (May) PCAJG00 82.23–82.27 82.250 -0.670
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): Brent (Jun) PCAJI00 81.83–81.87 81.850 -0.560
PETRACO BIDS 100KB AT $-0.25 Brent (Jul) PCAJ000 81.350 -0.500
WTI (Apr) AAFFU00 77.69–77.73 77.710 -0.750
PLATTS BRENT DIFF: MAR25-MAR29 (MAY): WTI (May) AAFFW00 77.42–77.46 77.440 -0.660
PETRACO BIDS 100KB AT $-0.11 WTI (Jun) AAFFY00 77.09–77.13 77.110 -0.590
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Platts EMEA
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil DV Trading
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil Unipec
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 Dare Global BP
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 DV Trading BP
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil Unipec
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil BP
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil BP
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil Shell
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil BP
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil Unipec
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil BP
03/13/2024 April 8 12 Brent CFD Done 0.45 Cash BFOE Jun 100000 Dare Global Shell
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil BP
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil BP
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 Dare Global BP
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil Onyx
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil Shell
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 Dare Global BP
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil DV Trading
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 DV Trading BP
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil Onyx
03/13/2024 April 1 5 Brent CFD Done 0.45 Cash BFOE Jun 100000 Petraco Unipec
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil Unipec
03/13/2024 April 1 5 Brent CFD Done 0.45 Cash BFOE Jun 100000 DV Trading Unipec
03/13/2024 April 1 5 Brent CFD Done 0.46 Cash BFOE Jun 100000 ExxonMobil BP
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil Onyx
03/13/2024 March 25 29 Brent CFD Done -0.1 Cash BFOE May 100000 ExxonMobil BP
03/13/2024 March 25 29 Brent CFD Done -0.03 Cash BFOE May 100000 Dare Global DV Trading
03/13/2024 April 1 5 Brent CFD Done 0.45 Cash BFOE Jun 100000 DV Trading Unipec
03/13/2024 May Cash BFOE Done 83.68 100000 Vitol Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 PetroIneos Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 PetroIneos Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 PetroIneos Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 PetroIneos Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 PetroIneos Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 TotalEnergies Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 TotalEnergies Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 PetroIneos Mercuria
03/13/2024 May Cash BFOE Done 83.68 100000 PetroIneos Mercuria
03/13/2024 April 9 13 WTI Midland Done 2 Dated Brent 700000 TotalEnergies Unipec
Please note that all deals that are stated as “Done” were reported and published through the Platts Market on Close assessment process. Deals that are stated as “Reported” were not reported through the MOC, and may reflect
transactions that were reported before or after the MOC process. Platts seeks to confirm non-MOC information to the fullest extent possible prior to publication.
TRADING OFFERS 100KB AT $0.05 TRADING OFFERS 100KB AT $0.40 PLATTS BRENT DIFF: MAR25-MAR29 (MAY): DV
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): ONYX Trades: TRADING BUYS FROM EXXONMOBIL* 100KB AT $-0.10
OFFERS 100KB AT $0.10 NORTH SEA: CIF BASIS ROTTERDAM: PLATTS NSEA (16:29:48)
PLATTS BRENT DIFF: MAR25-MAR29 (MAY): DV WTI MIDLAND: APRIL 9-13: UNIPEC BUYS FROM TOTAL* PLATTS BRENT DIFF: MAR25-MAR29 (MAY): ONYX
TRADING OFFERS 100KB AT $-0.02 700000.0B AT DTD $2.00 . . (16:24:57) BUYS FROM EXXONMOBIL* 100KB AT $-0.10 (16:29:51)
PLATTS BRENT DIFF: MAR25-MAR29 (MAY): CASH BFOE: PLATTS CASH BFOE: MAY24: PLATTS BRENT DIFF: MAR25-MAR29 (MAY):
PETROCHINA OFFERS 100KB AT $0.05 PETROINEOS SELLS TO MERCURIA* 100KB AT $83.68 DV TRADING BUYS FROM DARE* 100KB AT $-0.03
PLATTS BRENT DIFF: MAR25-MAR29 (MAY): ONYX (16:29:29) (16:29:51)
OFFERS 100KB AT $0.10 PLATTS CASH BFOE: MAY24: MERCURIA BUYS PLATTS BRENT DIFF: MAR25-MAR29 (MAY): UNIPEC
PLATTS BRENT DIFF: MAR25-MAR29 (MAY): FROM PETROINEOS* 100KB AT $83.68 (16:29:33) BUYS FROM EXXONMOBIL* 100KB AT $-0.10 (16:29:56)
PETRACO OFFERS 100KB AT $0.10 PLATTS CASH BFOE: MAY24: MERCURIA BUYS PLATTS BRENT DIFF: MAR25-MAR29 (MAY): BP
PLATTS BRENT DIFF: MAR25-MAR29 (MAY): FROM PETROINEOS* 100KB AT $83.68 (16:29:35) BUYS FROM EXXONMOBIL* 100KB AT $-0.10 (16:29:59)
PHILLIPS 66 OFFERS 100KB AT $0.10 PLATTS CASH BFOE: MAY24: MERCURIA BUYS PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR1-APR5 (JUN): FROM PETROINEOS* 100KB AT $83.68 (16:29:38) FROM EXXONMOBIL* 100KB AT $0.46 (16:25:30)
EXXONMOBIL OFFERS 100KB AT $0.46 PLATTS CASH BFOE: MAY24: MERCURIA BUYS PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR1-APR5 (JUN): PETRACO FROM PETROINEOS* 100KB AT $83.68 (16:29:40) FROM EXXONMOBIL* 100KB AT $0.46 (16:26:48)
OFFERS 100KB AT $0.46 PLATTS CASH BFOE: MAY24: MERCURIA BUYS PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR1-APR5 (JUN): DARE FROM PETROINEOS* 100KB AT $83.68 (16:29:42) FROM DARE* 100KB AT $0.46 (16:26:48)
OFFERS 100KB AT $0.48 PLATTS CASH BFOE: MAY24: MERCURIA BUYS PLATTS BRENT DIFF: APR1-APR5 (JUN): SHELL
PLATTS BRENT DIFF: APR1-APR5 (JUN): OCEAN FROM PETROINEOS* 100KB AT $83.68 (16:29:45) BUYS FROM EXXONMOBIL* 100KB AT $0.46 (16:26:53)
OFFERS 100KB AT $0.50 PLATTS CASH BFOE: MAY24: TOTAL SELLS TO PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR1-APR5 (JUN): GLENCORE MERCURIA* 100KB AT $83.68 (16:29:50) FROM EXXONMOBIL* 100KB AT $0.46 (16:27:44)
OFFERS 100KB AT $0.50 PLATTS CASH BFOE: MAY24: VITOL SELLS TO PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR1-APR5 (JUN): MERCURIA* 100KB AT $83.68 (16:29:56) FROM DV TRADING* 100KB AT $0.46 (16:27:44)
PETROCHINA OFFERS 100KB AT $0.55 PLATTS CASH BFOE: MAY24: TOTAL SELLS TO PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR1-APR5 (JUN): DARE MERCURIA* 100KB AT $83.68 (16:29:59) FROM DARE* 100KB AT $0.46 (16:27:44)
OFFERS 100KB AT $0.65 BRENT CFDS: PLATTS BRENT DIFF: MAR25-MAR29 PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR8-APR12 (JUN): DV (MAY): ONYX BUYS FROM EXXONMOBIL* 100KB AT FROM EXXONMOBIL* 100KB AT $0.46 (16:27:52)
TRADING OFFERS 100KB AT $0.45 $-0.10 (16:28:42) PLATTS BRENT DIFF: APR1-APR5 (JUN): BP BUYS
PLATTS BRENT DIFF: APR8-APR12 (JUN): PLATTS BRENT DIFF: MAR25-MAR29 (MAY): DV FROM DV TRADING* 100KB AT $0.46 (16:27:52)
GLENCORE OFFERS 100KB AT $0.45 TRADING BUYS FROM EXXONMOBIL* 100KB AT $-0.10 PLATTS BRENT DIFF: APR1-APR5 (JUN): SHELL
PLATTS BRENT DIFF: APR8-APR12 (JUN): (16:29:18) BUYS FROM EXXONMOBIL* 100KB AT $0.46 (16:28:00)
PETROCHINA OFFERS 100KB AT $0.45 PLATTS BRENT DIFF: MAR25-MAR29 (MAY): BP PLATTS BRENT DIFF: APR1-APR5 (JUN): ONYX BUYS
PLATTS BRENT DIFF: APR8-APR12 (JUN): OCEAN BUYS FROM EXXONMOBIL* 100KB AT $-0.10 (16:29:36) FROM EXXONMOBIL* 100KB AT $0.46 (16:28:05)
OFFERS 100KB AT $0.47 PLATTS BRENT DIFF: MAR25-MAR29 (MAY): BP PLATTS BRENT DIFF: APR1-APR5 (JUN): UNIPEC
PLATTS BRENT DIFF: APR15-APR19 (JUN): DARE BUYS FROM DARE* 100KB AT $-0.10 (16:29:36) BUYS FROM EXXONMOBIL* 100KB AT $0.46 (16:28:11)
OFFERS 100KB AT $0.39 PLATTS BRENT DIFF: MAR25-MAR29 (MAY): BP PLATTS BRENT DIFF: APR1-APR5 (JUN): UNIPEC
PLATTS BRENT DIFF: APR15-APR19 (JUN): OCEAN BUYS FROM EXXONMOBIL* 100KB AT $-0.10 (16:29:41) BUYS FROM EXXONMOBIL* 100KB AT $0.46 (16:28:17)
OFFERS 100KB AT $0.40 PLATTS BRENT DIFF: MAR25-MAR29 (MAY): BP PLATTS BRENT DIFF: APR1-APR5 (JUN): UNIPEC
PLATTS BRENT DIFF: APR15-APR19 (JUN): DV BUYS FROM EXXONMOBIL* 100KB AT $-0.10 (16:29:44) BUYS FROM EXXONMOBIL* 100KB AT $0.46 (16:28:22)
PLATTS BRENT DIFF: APR1-APR5 (JUN): DV TRADING Platts is part of S&P Global Commodity Insights delivery April 3-7 to Saras at a $3.10/b premium to
SELLS TO UNIPEC* 100KB AT $0.45 (16:29:13) Dated Brent.
PLATTS BRENT DIFF: APR1-APR5 (JUN): PETRACO Platts WTI Midland Crude DAP Europe Bids, “No grades are performing well just now,” the trader
SELLS TO UNIPEC* 100KB AT $0.45 (16:29:31) Offers, Trades added, referring to Mediterranean sweet grades such
PLATTS BRENT DIFF: APR1-APR5 (JUN): UNIPEC as Azeri Light and CPC Blend.
BUYS FROM DV TRADING* 100KB AT $0.45 (16:29:38) Bids: None In other news, Azerbaijan’s oil exports in February
PLATTS BRENT DIFF: APR8-APR12 (JUN): SHELL Offers: None averaged 454,966 b/d, down 8.4% on January and
BUYS FROM DARE* 100KB AT $0.45 (16:29:56) Trades: None 13.1% lower year on year, energy ministry data showed
This assessment commentary applies to the This assessment commentary applies to the March 12.
following market data codes: Dated Brent <PCAAS00> following market data codes: WTI Midland DAP Exports by the three international consortiums
CFD Week 1 <PCAKA00> CFD Week 2 <PCAKC00> basis Rotterdam <AWTIC00> WTI Midland DAP basis which operate Azerbaijan’s ACG oil field averaged
Brent Mo01 <PCAAQ00> CFD Week 3 <PCAKE00> Rotterdam vs Fwd Dated Brent <AWTID00> WTI 404,414 b/d during February, down 5% on the month
Brent Mo02 <PCAAR00> CFD Week 4 <PCAKG00> Midland DAP basis Augusta <AWTIA00> WTI Midland and 14.2% year on year, while exports by Azeri state oil
Brent Mo03 <PCARR00> CFD Week 5 <AAGLU00> DAP basis Augusta vs Fwd Dated Brent <AWTIB00> company Socar averaged 50,552 b/d, down 28.7% on
CFD Week 6 <AAGLV00> CFD Week 7 <AALCZ00> CFD January and up 12.9% on the year, the data showed.
Week 8 <AALDA00> Johan Sverdrup FOB North Sea Platts Mediterranean & Black Sea Sweet Production during February averaged 578,966 b/d,
<AJSVA00> Johan Sverdrup FOB North Sea vs North Crude Daily Commentary down 2.1% on January and 7.8% lower year on year, the
Sea Dtd Strip <AJSVB00> data showed.
Bearish sentiment hangs over Med sweet
Crude production from the BP-operated ACG oil
crude complex
Platts WTI Midland Crude DAP Europe field averaged 328,586 b/d in February, down 0.7% on
Assessment Rationale & Exclusions Azerbaijan Feb crude exports fall 8.4% on month, the month and 16.3% lower year on year.
WTI Crude DAP Europe <AWTIC00> assessment 13.1% on year Crude production from fields operated by Socar
rationale: averaged 155,655 b/d, down 8.4% on January and 3.4%
WTI DAP Rotterdam was assessed lower in a 1.5 Sentiment remained bearish across the year on year.
cents/day contango structure between April 2 and Mediterranean sweet crude complex March 13, with
May 2, with a flat structure rolled over back-end dates the arbitrage to the East still closed. Platts NWE and Med Urals Sour Crude Daily
owing to pressure heard on prompt arriving cargoes “There is no demand from the East because of the Market Analysis
of WTI Midland into Europe. There were no bids, offers disruption through the Suez Canal,” one trader said.
Guyanese flow to Europe at record 540,000 b/d in
or trades in the Platts Market on Close assessment “Sweet crudes have to remain in Europe and be sold at
March: CAS
process for DAP WTI Midland. discounts.”
WTI Crude DAP Augusta <AWTIA00> assessment The differential for Azeri Light fell to a nine-month Guyanese crude availability weighing on Johan
rationale: low March 12 an overhang of supply and closed Sverdrup
WTI DAP Augusta was assessed lower in a 1.5 cents/ arbitrage flows, traders said.
day contango structure between April 2 and May 2, Platts, part of S&P Global Commodity Insights, Flows of Guyanese crude to Europe were expected
with a flat structure rolled over back-end dates owing assessed Azeri Light at a $3.31/b premium to Dated to be at record highs through March, according to
to pressure heard on prompt arriving cargoes of WTI Brent on March 12, down 49 cents on the day. The traders and ship tracking data, compounding market
Midland into Europe. There were no bids, offers or premium has narrowed steadily from its recent peak of softness stemming from a period of seasonally
trades in the Platts Market on Close assessment $6.10/b on Jan. 23. weak demand.
process for DAP WTI Midland. In the Platts Market on Close assessment process A relatively new flow, Guyanese barrels have carved
Exclusions: None March 12, Socar sold one cargo of Azeri Light for out growing influence in the European market since
the country began exporting in early 2020. keeping supply pressures in focus. CPC Blend CIF Augusta vs BTC Dtd Strip
Traders have described its slightly heavier and Platts is part of S&P Global Commodity Insights <AAHPL00> assessment rationale:
sourer quality as ‘perfect’ for the European market, CPC Blend was assessed 0.5 cents/b higher based
with Guyanese barrels often said to be competing Platts EMEA Urals and Med Brent Crude Daily on a trade in the March 12 Platts Market on Close
with crudes such as Norway’s Johan Sverdrup or the Rationales & Exclusions process at a $3.80/b discount to Dated Brent and
sweeter West African grades. Urals CIF Augusta differential <AAGXX00> previously heard indications.
After steady growth in recent years, March assessment rationale: Exclusions: None
European arrivals were set to shatter previous records Urals CIF Augusta was assessed 56 cents/b higher. Platts is part of S&P Global Commodity Insights
with some 540,000 b/d of Guyanese crude expected to There were no bids or offers in the Platts Market on
arrive in Europe and the Mediterranean, according to Close assessment process. The Urals CIF Augusta Platts EMEA Urals & Med Brent Crude Bids,
S&P Global Commodities at Sea. differential was assessed using a net forward to the Offers, Trades
Liza crude accounts for some 53,000 b/d of the Urals FOB Aframax and Suezmax assessment. The
flow with the remainder evenly split between the new FOB differentials were assessed unchanged based on Bids: None
Payara Gold and Unity Gold, CAS data showed. previously heard indications. Offers: None
The jump in volumes has come at a time of Urals CIF Med <PCACE00> assessment rationale: Trades: None
seasonal weakness for the European crude market The Urals CIF Mediterranean assessment reflected This assessment commentary applies to
with sellers grappling with retreating demand as the value of the Mediterranean Dated Brent Strip the following market data codes: Urals CIF Med
refinery maintenance sweeps the continent. (AALDF00) plus the Urals CIF Augusta differential <PCACE00>> Urals CIF Rdam <PCAFW00> ESPO FOB
In the sour market, the downturn has been even assessment (AAGXX00). Kozmino Mo01 London <AARWD00> CPC CIF Augusta
sharper with Johan Sverdrup differentials recently Urals RCMB (Recombined) <AALIN00> assessment Diff <AAHPL00>
plunging to 14-month lows in early March, according to rationale:
assessments by Platts. The Urals RCMB (Recombined) assessment Platts West African Crude Daily
Strong competition from Guyanese barrels has reflected the value of the Platts Dated Brent Commentary
been partly credited by traders for sharp downturns in assessment (PCAAS00) plus the Urals CIF Augusta
Nigerian sentiment soft on adjacent market
the Johan Sverdrup differential in recent cycles. differential assessment (AAGXX00).
weakness
The Guyanese influx had “definitely” had an impact Urals CIF Rdam <PCAFW00> assessment rationale:
on the March-loading cycle for short-haul European Urals CIF Rotterdam was assessed 3 cents/b Angolan, Ghanaian markets holding up in April trading
crudes, a second trader said. “Volumes in February and higher. There were no bids or offers in the MOC. The
March are higher than ever.” Urals CIF Rotterdam differential was assessed as a Sentiment in the Nigerian crude market was turning
March-loading Johan Sverdrup has been forced to net forward to the Urals FOB Baltic assessment. The bearish March 13 as offers for prompt April spot cargoes
flow outside Europe as competition has intensified in FOB differentials were assessed unchanged based on softened and demand from Europe was brought into
its local market. previously heard indications. question given weakness in adjacent markets.
At least four VLCCs have been booked to head Med Dated Brent Strip 13-28 Day <AALDF00> An April 4-5 loading cargo of Nigeria’s Escravos
east to Asia for May arrival, according to Asian trading assessment rationale: was heard offered at a $3.50/b premium to Dated
sources, who said the sour grade proved highly The Mediterranean Dated Brent Strip reflected the Brent March 13, down from a $4/b premium heard in
competitive on a delivered basis against comparable value of Forward Dated Brent 13-28 days ahead of the recent days. While it is a cargo on the prompter end of
sour offerings from the Persian Gulf. day of publication. Forward Dated Brent is assessed the spectrum, traders pointed to a waning European
Looking ahead, pressure looks set to continue as as a function of Platts assessments of second-month crude appetite amid current product margins and
Johan Sverdrup loadings are set to top record highs of Cash BFOE (PCAAR00) and BFOE CFD differentials refinery maintenance.
793,333 b/d in April, up 64,301 b/d on March, according (PCAKA00, PCAKC00, PCAKE00, PCAKG00, AAGLU00, “It’s all coming off, gasoil has corrected a lot to the
to a copy of the loading program seen by S&P Global, AAGLV00, AALCZ00). downside,” one WAF crude trader said. “Demand seems
pretty poor as we are headed into refinery turnaround Platts assessed WTI at Midland at cash WTI plus reduces the arbitrage incentives for the West Texas
season.” $1.40/b, up 5 cents on the day, based on indications Intermediate grade, lowering its competitiveness in the
Azeri Light, a Mediterranean sweet crude often heard in the market. WTI at Magellan East Houston global market.
described as Nigeria’s most like-for-like competitor in was also assessed 5 cents stronger to cash WTI plus The Frontline WTI vs. Brent spread widened 8
Europe, was assessed by Platts at a $3.31/b premium $1.75/b, based on indications heard in the market. cents/b to minus $4.56/b, while the April NYMEX WTI
to Dated Brent on a CIF Augusta basis March 12, its USGC sour crude grade Mars was assessed 10 cents futures contract settled $2.16/b higher to cash WTI
lowest assessment since June 2023 following activity weaker to cash WTI minus 40 cents/b. The grade was plus $79.72/b.
in the Platts Market on Close assessment process. heard traded at cash WTI minus 25 cents/b during the Platts is part of S&P Global Commodity Insights.
“People are shy today after Azeri’s meltdown,” said morning session, but later weakened down with a bid
the WAF trader, while a second said that “we have at cash WTI minus 50 and an offer at minus 35 cents/b Platts Canadian Pipeline Crude Daily
never looked competitive into Europe with Med and later in the afternoon. Commentary
WTI Midland so much cheaper.” Sour crude grade Thunder Horse was assessed up
Western Canadian Select crude at Hardisty
With European demand in view for market 50 cents to cash WTI plus $1.75/b, based on trades
differential at WTI CMA minus $15.00/b
participants, a buoyant take from several Asian buy heard in the market.
tenders had not been enough to support differentials. Southern Green Canyon was assessed 20 cents/b Syncrude Sweet Premium at Edmonton, Alberta,
“It’s a real two-tier market,” the second trader to be flat to cash WTI, based on trades heard in down 50 cents/b
added. “Eastern tender demand is tier one, but it is the market.
a big step down to tier two and we have a lot of oil Platts is part of S&P Global Commodity Insights. Western Canadian Select crude at Hardisty was
to clear in April. A few cargoes have done alright but assessed March 13, at WTI CMA minus $15.00/b, 5
it feels like the rest of the market is going to have to Platts US Gulf Coast Export Crude Daily cents/b stronger than its previous assessment. The
discount quite hard.” Commentary highest value for the WCS differential since July 31,
Angola’s trading cycle remained firm with volume 2023, when Platts assessed it at WTI minus $14.75/b.
WTI Midland FOB USGC assessed higher
moving steadily with respect to volume and price, Mixed Sweet at Edmonton was unchanged on the
trading sources said March 13. US weekly crude exports fall on week day at WTI CMA minus $5.50/b.
“The Angolans and [Ghana’s] Jubilee have held up Syncrude Sweet Premium at Edmonton, Alberta,
OK [in April],” the first trader said, adding that Ghana’s Platts assessed WTI Midland FOB USGC higher on was down 50 cents/b on the day at WTI CMA plus
flagship grade was trading below a $1/b premium to the day alongside a rise in the futures market March 13. $1.00/b. The differential was last seen at this level on
Dated Brent at present, largely in line with values heard Platts assessed WTI Midland FOB USGC $2.21/b Oct. 16, 2023, also at WTI CMA plus $1.00/b.
in previous trading cycles. higher on the day to $82.11/b. Against the forward Market participants continue to attribute the overall
Platts is part of S&P Global Commodity Insights Dated Brent strip, WTI Midland FOB USGC was strengthening of the grades to the anticipation of the
assessed 10 cents/b higher to minus $1.95/b. Against Trans Mountain Pipeline and also due to turnarounds
Platts US Pipeline Crude Daily Commentary the forward NYMEX WTI strip, Platts assessed WTI in the market.
Midland FOB USGC up 19 cents/b to $2.89/b. The Trans Mountain Pipeline expansion project is
USGC WTI Midland and MEH strengthen
Data from the EIA reported US weekly crude reportedly over 95% complete, according to S&P Global
USGC sour Mars is assessed lower exports for the week ended March 8 to have fallen Commodity Insights. When it does come onstream,
nearly 1.5 million b/d from the prior week to about the expansion will nearly triple the pipeline’s current
Gulf Coast crude differentials were mixed March 13 3.1 million b/d. Lowest value the EIA has reported 300,000 b/d of crude oil.
with West Texas Intermediate crudes strengthening a this year 2024. This comes at a time when the Platts is a part of S&P Global Commodity Insights.
touch while sour crudes mostly weakened. Frontline WTI vs. Brent spread has narrowed in, which
Platts Latin American Crude Daily Subscriber Notes process, in order to ensure an orderly and transparent
Commentary price assessment process, which can be found here:
Platts changes Latin America, Caribbean MOC https://www.spglobal.com/commodityinsights/en/
Latin American outright prices up across the region
timings for eWindow launch of Guyana crude grades our-methodology/methodology-specifications/oil/oil-
Guyana European volumes expected to break Platts, part of S&P Global Commodity Insights, timing-and-increment-guidelines.
records in March has changed the timing and increment guidelines Under these changes to the MOC assessment
for its Latin America and Caribbean Market on Close process for Americas Crude - Latin America and
Latin American outright crude prices were stronger assessment process, with effect from March 11, 2024. Caribbean, all outright and floating bids and offers
across the region March 13 as an unexpected draw in This is in line with plans to launch the Platts Editorial will continue to have to be submitted by 1.45.00 hours
US crude stocks sent global oil prices higher. Window (eWindow) communication tool for Guyana Eastern Standard Time. However, bids and offers
The EIA reported a draw in US crude stocks of crude grades Liza, Unity Gold and Payara Gold. submitted for publication via eWindow are now subject
1.5 million barrels for the week ending March 8. This Following the eWindow launch in this market on to new timing and increment guidelines which may vary
was unexpected as expectations had been for a March 11, participants in the Platts MOC assessment from existing manual timing and increment guidelines,
modest build. process for Guyana crude grades Liza, Unity Gold and as detailed in the following table:
Brazilian grade Tupi was assessed at a $1.23/b Payara Gold are able to submit bids and offers for Timing/increment Previous (Manual) From March 11 (eWindow)
discount to Dated Brent, unchanged on the day. Tupi publication directly through the eWindow software or Repeatability Within 60 seconds Within 60 seconds
Final State 2:28:00:000 2:28:00:000
was unchanged as Freight into China was flat on the through an editor, who would then publish bids and
Extension trigger period 2.29.30.00 to 2.30.00.00 2.29.00.00 to 2.30.00.00
day. Platts assessed the Brazil-Uruguay VLCC route at offers using the software. Extension state 2.30.01.00 to 2.32.00.00 2.30.01.00 to 2.31.00.99
w70. On an outright Basis, Tupi finished up $2.01/b at The eWindow launch applies to the following Maximum Increment/
1-10 cents/b/60 seconds 5-10 cents/b/60 seconds
Frequency
$82.47/b. assessments:
Guyanese barrels flowing into Europe are expected Liza (ALIZA00)
to reach an all-time high through March. Liza vs Latin American Brent Futures Strip Platts expects credit relationships that prevail
A record 540,000 b/d of Guyanese crude is (ALIZC00) inside its assessment environment to fully reflect
expected to arrive in Europe in March, including Liza vs Latin America Dated Brent Strip (ALIZB00) relationships in the market as a whole, and apply to
53,000 b/d of Liza. The reminder is expected to be Liza vs Latin America WTI Strip (ALIZD00) these new instruments as well.
evenly split between Unity Gold and newest grade Unity Gold (AUNIA00) Where Platts publishes bids and offers on behalf
Payara Gold. Unity Gold vs Latin American Brent Futures Strip of a company that submits data through an editor,
The jump in volumes comes at a time of seasonal (AUNIB00) counterparty credit settings are set to “open” for
weakness for the European crude market with Unity Gold vs Latin American WTI Strip (AUNIC00) reviewed participants in the assessment process,
sellers grappling with retreating demand as refinery Unity Gold vs Latin American Dated Brent Strip unless companies have notified Platts in advance of
maintenance sweeps the continent. (AUNID00) any restrictions. Companies should provide notification
Platts assessed Guyanese grade Liza at a Payara Gold (AYARA00) on any changes to counterparty credit filters at least
35-cent/b discount to Dated Brent, Unity Gold Payara Gold vs Latin American Brent Futures Strip one hour prior to the cut off timing for submission of
at a 15 cent/b discount, and Payara Gold at a 35 (AYARC00) bids and offers in the MOC assessment process.
cent/b discount. All three grades were unchanged Payara Gold vs Latin American WTI Strip (AYARD00) eWindow provides direct entry and management of
on the day. On an outright basis, Liza finished at Payara Gold vs Latin American Dated Brent Strip credit filters, which should be those normally applied in
$83.34/b, Unity Gold at $83.55/b, and Payara Gold at (AYARB00) the marketplace, for companies participating directly
83.35/b. All three grades finished up $2.01/b on an Platts has established clearly defined timing through the software.
outright basis. guidelines and standards of incrementability that Please send any comments or questions
apply when publishing bids and offers in the MOC to americas_crude@spglobal.com and
The decision relates to the following Platts Platts understands prevailing market practice for published Oct. 16 2023, which can be found at:
assessments: WTI Midland trading on a DAP Rotterdam and DAP https://www.spglobal.com/commodityinsights/
Differential to Augusta basis is for cargo quantity and quality to be en/our-methodology/subscriber-notes/101623-platts-
Assessment Outright
forward Dated measured at load port. opens-consultation-on-dap-rotterdam-dap-augusta-
WTI Midland DAP Rotterdam AWTID00 AWTIC00
WTI Midland DAP Augusta AWTIB00 AWTIA00 Platts clarifies its assessments will reflect DAP wti-midland-and-eagle-ford-45-crude-assessments
Rotterdam, Augusta with load port quality and quantity. Spot market liquidity of Eagle Ford 45 delivered into
30-50 DAY FORWARD ASSESSMENT PERIOD The assessments appear on Platts Global Alert and the Northwest European and the Mediterranean crude
Platts will adjust the assessment period for Platts Crude Alert pages 1210, 1212, 1238, and in Crude markets has declined in recent years as trading activity
the WTI Midland DAP Rotterdam and DAP Augusta Oil Marketwire. has thinned and exported volumes of WTI Midland into
assessments to 30-50 days forward from the Please send all feedback and questions the region have increased.
assessment date. to europe_crude@spglobal.com and The discontinuation relates to the following Platts
This is updated from the originally proposed 30-60 pricegroup@spglobal.com. assessments:
days ahead assessment range and reflects feedback For written comments, please provide a clear Assessment
Differential to Dated
Outright
Brent
that WTI Midland Aframax cargoes are rarely trading for indication if comments are not intended for publication Eagle Ford 45 DAP
AEFAD00 AEFAC00
arrival beyond 50 days forward. by Platts for public viewing. Rotterdam
Eagle Ford 45 DAP Augusta AEFAB00 AEFAA00
The assessments currently reflect DAP Rotterdam Platts will consider all comments received and will
and DAP Augusta WTI Midland cargoes arriving 20-60 make feedback not marked as confidential available to
days forward from the assessment date on both an the public upon request. The assessments appear on Platts Global Alert and
outright basis and differential to Dated Brent. Platts Crude Alert pages 1210, 1212, 1238, and in Crude
As a result of the assessment range change, the Platts to discontinue Eagle Ford 45 DAP Rotterdam, Oil Marketwire.
23-63 Dated Brent Strip [AALEJ00] will be adjusted to Augusta assessments Please send all feedback, comments or
reflect a period of 33-53 days forward. In response to evolving trade flows and recent questions to europe_crude@spglobal.com and
PUBLICATION OF CIF AND CFR OFFERS feedback from market participants, Platts, part of pricegroup@spglobal.com by April. 1.
Platts will publish bids, offers and trades in the S&P Global Commodity Insights, will discontinue its For written comments, please provide a clear
MOC for WTI Midland on a CIF and CFR Rotterdam, Eagle Ford 45 assessments on a DAP Rotterdam and indication if comments are not intended for publication
Augusta basis, in addition to on a DAP Rotterdam, Augusta basis from May 1. by Platts for public viewing.
Augusta basis. Platts currently publishes assessments for Eagle Platts will consider all comments received and will
Bids, offers and trades on a CIF or CFR Rotterdam, Ford 45 on a DAP Rotterdam and DAP Augusta basis as make comments not marked as confidential available
Augusta basis may be subject to normalization for both an outright price and differential to Dated Brent. upon request.
assessment purposes. This decision follows a consultation on the spot
DAP INCOTERM market volumes for Eagle Ford 45 delivered to Europe
Commodity Insights Analytics US Yields & Netbacks Effective March 13, 2024 ($/barrel)
US Gulf Coast (PGA page 0833) US Gulf Coast (PGA page 0841)
Crack Yield Freight Crack Netback Crude Price Crack Margin Coke Yield Freight Coke Netback Crude Price Coke Margin
Agbami AGGCY00 102.11 AGGFA00 3.09 AGGCN00 99.02 AAQZB00 82.72 AGGCM00 14.85
Arab Berri BEGCY00 100.85 TDDAC00 1.32 BEGCN00 99.53 AAXCT00 86.42 BEGCM00 13.11
Arab Heavy AHGCY00 91.11 TDDAJ00 1.39 AHGCN00 89.72 AAXDI00 84.72 AHGCM00 5.00 Arab Heavy AHGOY00 97.83 TDDAJ00 1.39 AHGON00 96.44 AAXDI00 84.72 AHGOM00 11.72
Arab Light LIGCY00 98.04 TDDAR00 1.35 LIGCN00 96.69 AAXCU00 84.17 LIGCM00 12.52 Arab Light LIGOY00 100.95 TDDAR00 1.35 LIGON00 99.60 AAXCU00 84.17 LIGOM00 15.43
Arab Medium MEGCY00 93.24 TDDAZ00 1.35 MEGCN00 91.89 AAXDN00 85.17 MEGCM00 6.72 Arab Medium MEGOY00 97.24 TDDAZ00 1.35 MEGON00 95.89 AAXDN00 85.17 MEGOM00 10.72
Bakken BKGCY00 101.88 TDDRP00 7.78 BKGCN00 94.10 AAXPP00 76.87 BKGCM00 17.23
Basrah Heavy BHGOY00 94.08 BHGFA00 3.25 BHGON00 90.83 AALZC00 78.16 BHGOM00 15.88
Basrah Medium BLGCY00 90.83 TDDBS00 3.11 BLGCN00 87.73 BSMAM01 81.46 BLGCM00 8.42 Basrah Medium BLGOY00 96.49 TDDBS00 3.11 BLGON00 93.38 BSMAM01 81.46 BLGOM00 14.08
Bonny Light YLGCY00 104.59 TDDBX00 3.37 YLGCN00 101.23 PCAIC00 86.12 YLGCM00 13.65
Brent BRGCY00 101.16 TDDCB00 3.36 BRGCN00 97.80 AAVJA00 84.82 BRGCM00 11.53
Cabinda CBGCY00 101.64 TDDCF00 3.62 CBGCN00 98.02 PCAFD00 84.27 CBGCM00 12.29 Cabinda CBGOY00 99.91 TDDCF00 3.62 CBGON00 96.29 PCAFD00 84.27 CBGOM00 10.56
Castilla Blend CSGOY00 93.43 CSGFA00 2.86 CSGON00 90.57 AAVEQ00 74.82 CSGOM00 15.75
Eagle Ford EAGCY00 102.73 AAYAT00 81.11 EAGCM00 21.62
Escalante ECGCY00 99.18 TDDCV00 4.83 ECGCN00 94.34 PCAGC00 82.77 ECGCM00 10.59
Forties FTGCY00 100.64 FTGFA00 3.07 FTGCN00 97.57 PCADJ00 84.95 FTGCM00 11.17
Isthmus ISGCY00 99.15 TDDDJ00 1.74 ISGCN00 97.41 PDATO09 78.22 ISGCM00 19.19
LLS LLGCY00 103.64 TDDQW00 0.55 LLGCN00 103.09 PCABN00 82.47 LLGCM00 20.62 LLS LLGOY00 103.66 TDDQW00 0.55 LLGON00 103.11 PCABN00 82.47 LLGOM00 20.64
Mars MRGCY00 95.53 TDDQY00 0.55 MRGCN00 94.98 AAMBR00 79.32 MRGCM00 15.66 Mars MRGOY00 99.44 TDDQY00 0.55 MRGON00 98.89 AAMBR00 79.32 MRGOM00 19.57
Maya MYGCY00 81.54 TDDDP00 1.82 MYGCN00 79.73 PDATS09 72.17 MYGCM00 7.56 Maya MYGOY00 94.52 TDDDP00 1.82 MYGON00 92.70 PDATS09 72.17 MYGOM00 20.53
Napo NPGOY00 91.53 NPGFA00 5.68 NPGON00 85.85 AAMCA00 70.35 NPGOM00 14.64
Olmeca OLGCY00 101.81 TDDDY00 1.78 OLGCN00 100.03 PDATT09 79.82 OLGCM00 20.21
Oriente ORGOY00 97.35 ORGFA00 5.37 ORGON00 91.98 PCADE00 74.85 ORGOM00 16.32
Poseidon PDGCY00 96.58 PDGFA00 0.00 PDGCN00 96.58 AABHK00 78.52 PDGCM00 18.06
Saharan Blend SHGCY00 102.28 TDDRD00 2.33 SHGCN00 99.95 AAGZY00 84.44 SHGCM00 14.06
Syncrude SYGCY00 104.51 SYGFA00 8.52 SYGCN00 95.99 AASOK00 80.17 SYGCM00 15.82
Urals URGCY00 97.72 TDDFM00 3.59 URGCN00 94.13 AAWVH00 66.84 URGCM00 25.84 Urals URGOY00 100.07 TDDFM00 3.59 URGON00 96.48 AAWVH00 66.84 URGOM00 28.19
Vasconia VCGOY00 101.17 VCGFA00 2.78 VCGON00 98.40 PCAGI00 78.32 VCGOM00 20.08
WCS ex-Hardisty WHGOY00 95.84 TDDRS00 8.50 WHGON00 87.34 AAPPN00 64.17 WHGOM00 23.17
WCS ex-Nederland WNGOY00 95.84 WCGFA00 0.00 WNGON00 95.84 AAYAY00 73.02 WNGOM00 22.82
WTI WTGCY00 102.32 AAYRG00 81.47 WTGCM00 20.85
WTS WSGCY00 98.50 TDDRJ00 6.89 WSGCN00 91.61 PCACK00 80.07 WSGCM00 11.54 WTS WSGOY00 101.97 TDDRJ00 6.89 WSGON00 95.09 PCACK00 80.07 WSGOM00 15.02
Crack Yield Freight Crack Netback Crude Price Crack Margin Coke Yield Freight Coke Netback Crude Price Coke Margin
Bakken BKTCY00 105.20 TDDRO00 1.68 BKTCN00 103.52 AASRU00 77.22 BKTCM00 26.30
Syncrude SYTCY00 106.97 TDDFP00 8.20 SYTCN00 98.77 AASOK00 80.17 SYTCM00 18.60
WCS WCTOY00 99.18 TDDRL00 8.56 WCTON00 90.62 AAPPN00 64.17 WCTOM00 26.45
WTI WTTCY00 104.80 TDDRG00 2.39 WTTCN00 102.41 PCACG00 79.72 WTTCM00 22.69
WTS WSTCY00 101.87 TDDRI00 3.08 WSTCN00 98.78 PCACK00 80.07 WSTCM00 18.71 WTS WSTOY00 105.64 TDDRI00 3.08 WSTON00 102.56 PCACK00 80.07 WSTOM00 22.49
US West Coast (PGA page 0843) US West Coast (PGA page 0841)
Crack Yield Freight Crack Netback Crude Price Crack Margin Coke Yield Freight Coke Netback Crude Price Coke Margin
ANS ANWCY00 108.14 PCAAD00 83.83 ANWCM00 24.31 ANS ANWOY00 110.66 PCAAD00 83.83 ANWOM00 26.83
Arab Light LIWOY00 112.61 TDDAT00 1.35 LIWON00 111.26 AAXCU00 84.17 LIWOM00 27.09
Arab Medium MEWOY00 107.99 TDDBB00 1.35 MEWON00 106.64 AAXDN00 85.17 MEWOM00 21.47
Bakken BKWCY00 114.07 TDDRT00 11.74 BKWCN00 102.33 AAXPP00 76.87 BKWCM00 25.46
Basrah Heavy BHWOY00 107.69 BHWFA00 3.43 BHWON00 104.26 AALZC00 78.16 BHWOM00 30.29
Basrah Medium BLWOY00 109.00 TDDBW00 3.27 BLWON00 105.73 BSMAM01 81.46 BLWOM00 27.41
Castilla Blend CSWOY00 110.98 CSWFA00 7.26 CSWON00 103.72 AAVEQ00 74.82 CSWOM00 28.03
Maya MYWOY00 107.27 MYWFA00 4.18 MYWON00 103.10 AAUPK00 75.47 MYWOM00 27.63
Napo NPWOY00 106.29 NPWFA00 6.37 NPWON00 99.92 AAMCA00 70.35 NPWOM00 28.71
Oriente ORWOY00 110.11 TDDEC00 6.01 ORWON00 104.10 PCADE00 74.85 ORWOM00 28.44
Vasconia VCWOY00 117.88 VCWFA00 7.00 VCWON00 110.88 PCAGI00 78.32 VCWOM00 31.73
Commodity Insights Analytics European Yields & Netbacks Effective March 13, 2024 ($/barrel)
Northwest Europe (PGA page 1811) Mediterranean (PGA page 1821)
Crack Yield Freight Crack Netback Crude Price Crack Margin Crack Yield Freight Crack Netback Crude Price Crack Margin
Agbami AGNCY00 98.65 AGNFA00 2.59 AGNCN00 96.06 AAQZB00 82.72 AGNCM00 13.34 Agbami AGMCY00 97.36 AGMFA00 2.46 AGMCN00 94.89 AAQZB00 82.72 AGMCM00 12.17
Arab Berri BENCY00 98.25 BENFA00 1.32 BENCN00 96.93 AAXDU00 86.73 BENCM00 10.20
Arab Heavy AHNCY00 88.09 TDDAN00 1.39 AHNCN00 86.71 AAXDH00 81.53 AHNCM00 5.18 Arab Heavy AHMCY00 87.78 TDDAI00 1.39 AHMCN00 86.39 AAXDH00 81.53 AHMCM00 5.46
Arab Light LINCY00 95.75 TDDAV00 1.35 LINCN00 94.40 AAXDK00 84.93 LINCM00 9.47 Arab Light LIMCY00 94.74 TDDAQ00 1.35 LIMCN00 93.39 AAXDK00 84.93 LIMCM00 8.96
Arab Medium MENCY00 90.57 TDDBD00 1.36 MENCN00 89.20 AAXDM00 84.23 MENCM00 4.97 Arab Medium MEMCY00 89.72 TDDAY00 1.37 MEMCN00 88.36 AAXDM00 84.23 MEMCM00 4.43
Azeri Light ZLNCY00 100.55 TDDBI00 2.51 ZLNCN00 98.04 AATHM00 83.25 ZLNCM00 12.85 Azeri Light* ZLMCY00 99.31 AAGZX00 86.69 ZLMCM00 12.63
Basrah Medium BLNCY00 88.56 TDDBU00 3.89 BLNCN00 84.67 BSMAM01 81.46 BLNCM00 4.95 Basrah Medium BLMCY00 87.69 TDDBR00 2.81 BLMCN00 84.89 BSMAM01 81.46 BLMCM00 5.16
Bonny Light YLNCY00 101.48 YLNFA00 2.83 YLNCN00 98.65 PCAIC00 86.12 YLNCM00 12.53 Bonny Light YLMCY00 100.19 YLMFA00 2.70 YLMCN00 97.49 PCAIC00 86.12 YLMCM00 11.37
Brent BRNCY00 97.84 TDDCD00 2.44 BRNCN00 95.40 AAVJA00 84.82 BRNCM00 10.58
Cabinda CBNCY00 97.31 TDDQR00 3.08 CBNCN00 94.23 PCAFD00 84.27 CBNCM00 9.96 Cabinda CBMCY00 96.21 CBMFA00 2.94 CBMCN00 93.27 PCAFD00 84.27 CBMCM00 9.00
CPC Blend CPNCY00 98.29 CPNFA00 4.09 CPNCN00 94.20 AALVX00 76.49 CPNCM00 17.71 CPC Blend* CPMCY00 96.85 AAGZU00 79.85 CPMCM00 17.00
Dubai DBNCY00 94.17 DBNFA00 3.64 DBNCN00 90.54 PCAAT00 82.21 DBNCM00 5.97
Eagle Ford EANCY00 98.85 EANFA00 5.48 EANCN00 93.36 AAYAT00 81.11 EANCM00 12.72 Eagle Ford EAMCY00 97.64 TNEIF00 5.80 EAMCN00 91.84 AAYAT00 81.11 EAMCM00 11.20
Ekofisk EKNCY00 99.17 TDDCT00 1.58 EKNCN00 97.59 PCADI00 86.25 EKNCM00 11.35
Forties FTNCY00 97.82 TDDEZ00 1.85 FTNCN00 95.96 PCADJ00 84.95 FTNCM00 11.01 Forties FTMCY00 96.86 FTMFA00 2.45 FTMCN00 94.41 PCADJ00 84.95 FTMCM00 9.46
Iran Heavy BHNCY00 93.83 TDDDG00 3.85 BHNCN00 89.98 AIHKA00 80.38 BHNCM00 8.69 Iran Heavy BHMCY00 93.17 TDDDF00 2.75 BHMCN00 90.42 AIHKA00 80.38 BHMCM00 9.13
Johan Sverdrup JSNCY00 95.18 JSNFA00 1.95 JSNCN00 93.23 AJSVA00 80.83 JSNCM00 12.41 Johan Sverdrup JSMCY00 94.45 JSMFA00 2.60 JSMCN00 91.85 AJSVA00 80.83 JSMCM00 11.03
Kirkuk KRNCY00 94.48 TDDGH00 4.02 KRNCN00 90.46 AAEJD00 82.04 KRNCM00 7.44 Kirkuk KRMCY00 93.56 TDDFF00 2.20 KRMCN00 91.36 AAEJD00 82.04 KRMCM00 8.35
LLS LLNCY00 101.57 LLNFA00 5.76 LLNCN00 95.81 AAQBB00 81.99 LLNCM00 13.81 LLS LLMCY00 100.30 LLMFA00 6.09 LLMCN00 94.20 AAQBB00 81.99 LLMCM00 12.20
Maya MYNCY00 81.36 MYNFA00 5.90 MYNCN00 75.46 AAYXE00 73.38 MYNCM00 2.08
Oman OMNCY00 94.67 OMNFA00 3.57 OMNCN00 91.10 PCABS00 82.32 OMNCM00 6.44 Oman OMMCY00 94.12 OMMFA00 2.49 OMMCN00 91.63 PCABS00 82.32 OMMCM00 6.97
Saharan Blend SHNCY00 99.18 TDDGI00 2.53 SHNCN00 96.66 AAGZY00 84.44 SHNCM00 12.22 Saharan Blend SHMCY00 97.71 TDDFG00 1.83 SHMCN00 95.88 AAGZY00 84.44 SHMCM00 11.44
Urals* URNCY00 96.01 PCAFW00 70.17 URNCM00 25.85 Urals* URMCY00 94.42 PCACE00 71.62 URMCM00 22.80
WTI MEH WTNCY00 98.73 WTNFA00 5.57 WTNCN00 93.16 AAYRZ00 80.94 WTNCM00 12.16
*Indicates the crude price is a CIF value
Commodity Insights Analytics Asian yields & netbacks effective March 13, 2024 ($/barrel)
Singapore (PGA page 2811) Singapore (PGA page 2811)
Crack Yield Freight Crack Netback Crude Price Crack Margin Crack Yield Freight Crack Netback Crude Price Crack Margin
Agbami AGSCY00 90.87 AGSFA00 2.79 AGSCN00 88.08 AAQZB00 82.72 AGSCM00 6.80 Forties FTSCY00 89.43 TNEFD00 3.68 FTSCN00 85.75 PCADJ00 84.95 FTSCM00 2.24
Arab Berri BESCY00 89.76 BESFA00 1.72 BESCN00 88.04 AAXDV00 83.77 BESCM00 4.28 Kimanis KISCY00 97.92 KISFA00 1.45 KISCN00 96.47 AASCL00 90.83 KISCM00 5.64
Arab Heavy AHSCY00 81.53 TDDAO00 1.78 AHSCN00 79.75 AAXDG00 81.97 AHSCM00 -2.22 LLS LLSCY00 92.57 LLSFA00 4.18 LLSCN00 88.40 AAZDC00 80.46 LLSCM00 7.84
Arab Light LISCY00 88.04 TDDAW00 1.75 LISCN00 86.29 AAXDJ00 83.77 LISCM00 2.53 Mars MRSCY00 85.94 MRSFA00 4.32 MRSCN00 81.62 AAMBR00 79.32 MRSCM00 4.21
Arab Medium MESCY00 83.73 TDDBE00 1.76 MESCN00 81.97 AAXDL00 82.82 MESCM00 -0.84 Maya MYSCY00 79.62 MYSFA00 4.53 MYSCN00 75.10 AAYXG00 73.12 MYSCM00 1.98
Basrah Medium BHSCY00 83.25 BHSFA00 1.87 BHSCN00 81.38 BSMAM01 81.46 BHSCM00 -0.09 Minas MNSCY00 92.83 TDDDX00 1.47 MNSCN00 91.36 PCABO00 77.59 MNSCM00 13.77
Bonny Light YLSCY00 93.09 YLSFA00 3.01 YLSCN00 90.08 PCAIC00 86.12 YLSCM00 5.40 Oman OMSCY00 85.25 TDDEB00 1.58 OMSCN00 83.67 PCABS00 82.32 OMSCM00 1.35
Cabinda CBSCY00 91.61 TDDQS00 2.90 CBSCN00 88.71 PCAFD00 84.27 CBSCM00 5.88 Qua lboe QBSCY00 93.48 QBSFA00 3.02 QBSCN00 90.47 PCAID00 86.72 QBSCM00 5.19
Castilla CSSCY00 76.91 CSSFA00 4.62 CSSCN00 72.29 AAVEQ00 74.82 CSSCM00 -0.61 Saharan Blend SHSCY00 89.56 SHSFA00 2.78 SHSCN00 86.78 AAGZY00 84.44 SHSCM00 2.95
Dalia DLSCY00 92.36 DLSFA00 3.00 DLSCN00 89.35 AAQYX00 82.42 DLSCM00 8.37 Tapis TPSCY00 91.77 TDDEO00 1.43 TPSCN00 90.34 PCACB00 85.08 TPSCM00 5.26
Dubai DBSCY00 87.26 TDDCQ00 1.66 DBSCN00 85.60 PCAAT00 82.21 DBSCM00 3.39 Tupi* LUSCY00 91.18 LUQDA00 84.48 LUSCM00 9.14
Duri DRSCY00 92.00 TDDCR00 1.62 DRSCN00 90.38 PCABA00 87.43 DRSCM00 2.95 Urals URSCY00 87.72 URSFA00 2.94 URSCN00 84.78 AAGZS00 66.84 URSCM00 19.38
Eagle Ford EASCY00 90.99 EASFA00 4.01 EASCN00 86.98 AAYAT00 81.11 EASCM00 7.78 WTI MEH WTSCY00 90.89 WTSFA00 4.07 WTSCN00 86.82 AAZDF00 79.41 WTSCM00 7.26
ESPO ESSCY00 90.53 ESSFA00 1.47 ESSCN00 89.06 AARWF00 78.72 ESSCM00 10.34
*Indicates the crude price is a CIF value
Platts crude carbon intensity assessments - grades, March 13, 2024 (PGA/PCR page 4206)
Daily Carbon Intensity Premium Monthly Carbon Intensity*
Symbol $/b Symbol Date kg CO2 eq/b
Africa (PGA/PCR page 4206)
Saharan Blend AGING00 0.34 AGINO40 Jan-24 26.01
Platts crude carbon intensity assessments - fields, March 13, 2024 (PGA page 4200)
Daily Carbon Intensity Premium Monthly Carbon Intensity* Daily Transport Carbon Intensity Premium Monthly Transport Carbon Intensity**
Symbol $/boe Symbol Date kg CO2 eq/boe Route Symbol $/b Symbol Date kg CO2 eq/b
Asia Pacific & Middle East Fields (PGA/PCR page 4201)
China
Bozhong BOZHC00 0.47 BOZHC40 Jan-24 36.55 Bohai Pengbo-Singapore BOZHC10 0.06 BOZHC50 Jan-24 4.24
India
Bombay High MUMBC00 0.34 MUMBC40 Jan-24 26.00 Bombay High-Qingdao MUMBC10 0.09 MUMBC50 Jan-24 6.80
Iran
Marun MARUC00 0.44 MARUC40 Jan-24 34.29 Kharg Island-Qingdao MARUC10 0.12 MARUC50 Jan-24 8.96
Iraq
Kirkuk KIRKC00 0.54 KIRKC40 Jan-24 41.82 Ceyhan-R’dam KIRKC10 0.06 KIRKC50 Jan-24 4.55
Rumaila RUMAC00 0.28 RUMAC40 Jan-24 21.64 Al Basrah-Sikka RUMAC10 0.03 RUMAC50 Jan-24 2.09
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Crude Oil Marketwire March 13, 2024
Platts crude carbon intensity assessments - fields (continued) (PGA page 4200)
Daily Carbon Intensity Premium Monthly Carbon Intensity* Daily Transport Carbon Intensity Premium Monthly Transport Carbon Intensity**
Symbol $/boe Symbol Date kg CO2 eq/boe Route Symbol $/b Symbol Date kg CO2 eq/b
West Qurna-2 WESTC00 0.60 WESTC40 Jan-24 46.17 Al Basrah-Sikka WESTC10 0.03 WESTC50 Jan-24 2.22
Zubair ZUBAC00 0.46 ZUBAC40 Jan-24 35.68 Al Basrah-Sikka ZUBAC10 0.03 ZUBAC50 Jan-24 2.09
Kuwait
Burgan BURGC00 0.22 BURGC40 Jan-24 16.82 Mina-Ulsan BURGC10 0.12 BURGC50 Jan-24 9.31
Oman
Oman Basin AMRGF00 0.24 AMRGS40 Jan-24 18.30 Salalah-Tranmere ASITF10 0.11 ASITS50 Jan-24 8.59
Qatar
Al-Shaheen AMRGE00 0.11 AMRGR40 Jan-24 8.73 Al-Shaheen-Singapore ASITE10 0.07 ASITR50 Jan-24 5.63
Dukhan DUKHC00 1.50 DUKHC40 Jan-24 115.94 Mesaieed-Singapore DUKHC10 0.07 DUKHC50 Jan-24 5.03
Saudi Arabia
Abu Hadriya AMRGI00 0.23 AMRGV40 Jan-24 18.17 Ras Tanura-Ain Sukhna ASITI10 0.02 ASITV50 Jan-24 1.27
Ghawar GHWRC00 0.23 GHWRC40 Jan-24 17.97 Ras Tanura-Qingdao GHWRC10 0.11 GHWRC50 Jan-24 8.33
Khurais AMRGH00 0.23 AMRGU40 Jan-24 17.84 Ras Tanura-Ain Sukhna ASITH10 0.02 ASITU50 Jan-24 1.20
Safaniya SAFAC00 0.20 SAFAC40 Jan-24 15.52 Ras Tanura-Changxing SAFAC10 0.12 SAFAC50 Jan-24 9.53
Zuluf ZULUC00 0.29 ZULUC40 Jan-24 22.24 Ras Tanura-Changxing ZULUC10 0.12 ZULUC50 Jan-24 9.24
UAE
Abu Al Bukhoosh AMRGM00 0.15 AMRGZ40 Jan-24 11.24 Zirku-Sikka ASITM10 0.02 ASITZ50 Jan-24 1.65
El Bunduq AMRGL00 0.48 AMRGY40 Jan-24 36.88 Zirku-Sikka ASITL10 0.02 ASITY50 Jan-24 1.57
Falah AMRGA00 0.13 AMRGN40 Jan-24 10.33 Falah-Kiire ASITA10 0.13 ASITN50 Jan-24 10.36
Fateh FATEC00 0.22 FATEC40 Jan-24 17.03 Fateh-Kiire FATEC10 0.11 FATEC50 Jan-24 8.56
Lower Zakum AMRGD00 0.15 AMRGQ40 Jan-24 11.60 Zirku-Sikka ASITD10 0.02 ASITQ50 Jan-24 1.70
Murban MURBC00 0.25 MURBC40 Jan-24 19.48 Fujairah-Chiba MURBC10 0.11 MURBC50 Jan-24 8.55
Nasr AMRGK00 0.19 AMRGX40 Jan-24 14.91 Zirku-Sikka ASITK10 0.02 ASITX50 Jan-24 1.62
Rashid AMRGB00 0.35 AMRGO40 Jan-24 27.30 Mina-Kiire ASITB10 0.13 ASITO50 Jan-24 10.17
Umm Shaif AMRGJ00 0.29 AMRGW40 Jan-24 22.68 Zirku-Sikka ASITJ10 0.02 ASITW50 Jan-24 1.60
Upper Zakum AMRGC00 0.15 AMRGP40 Jan-24 11.61 Zirku-Zhoushan ASITC10 0.12 ASITP50 Jan-24 9.05
Platts crude carbon intensity assessments - fields (continued) (PGA page 4200)
Daily Carbon Intensity Premium Monthly Carbon Intensity* Daily Transport Carbon Intensity Premium Monthly Transport Carbon Intensity**
Symbol $/boe Symbol Date kg CO2 eq/boe Route Symbol $/b Symbol Date kg CO2 eq/b
Brage BRAGC00 0.99 BRAGC40 Jan-24 76.75 Sture - Brofjorden BRAGC10 0.01 BRAGC50 Jan-24 0.48
Edvard-Grieg EDVAC00 0.06 EDVAC40 Jan-24 4.27 Edvard Grieg-Sarroch EDVAC10 0.04 EDVAC50 Jan-24 2.97
Ekofisk EKFSC00 0.35 EKFSC40 Jan-24 27.32 Teesside-R’dam EKFSC10 0.01 EKFSC50 Jan-24 0.36
Embla EMBLC00 0.07 EMBLC40 Jan-24 5.36 Teesside-R’dam EMBLC10 0.01 EMBLC50 Jan-24 0.36
Fram FRAMC00 0.28 FRAMC40 Jan-24 21.68 Mongstad-R’dam FORTD10 0.01 FORTD50 Jan-24 0.84
Goliat GOLIC00 0.03 GOLIC40 Jan-24 1.98 Goliat-R’dam GOLIC10 0.02 GOLIC50 Jan-24 1.73
Grane GRANC00 0.06 GRANC40 Jan-24 4.39 Sture-Immingham GRANC10 0.01 GRANC50 Jan-24 0.63
Gullfaks GULLC00 0.19 GULLC40 Jan-24 14.86 Gullfaks-Brofjorden GULLC10 0.01 GULLC50 Jan-24 0.46
Heidrun HEIDC00 0.16 HEIDC40 Jan-24 12.39 Heidrun-R’dam HEIDC10 0.02 HEIDC50 Jan-24 1.22
Ivar-Aasen IVARC00 0.03 IVARC40 Jan-24 2.46 Ivar Aasen-R’dam IVARC10 0.01 IVARC50 Jan-24 0.80
Johan Sverdrup JSVRC00 0.02 JSVRC40 Jan-24 1.55 Mongstad-R’dam JSVRC10 0.01 JSVRC50 Jan-24 0.79
Oseberg OSEBC00 0.26 OSEBC40 Jan-24 20.41 Sture-R’dam OSEBC10 0.01 OSEBC50 Jan-24 0.69
Snorre SNORC00 0.18 SNORC40 Jan-24 13.75 Snorre-Statfjord SNORC10 0.00 SNORC50 Jan-24 0.14
Statfjord STATC00 1.88 STATC40 Jan-24 145.90 Statfjord-R’dam STATC10 0.01 STATC50 Jan-24 0.75
Troll TROLC00 0.26 TROLC40 Jan-24 19.91 Mongstad-R’dam TROLC10 0.01 TROLC50 Jan-24 0.79
Ula ULACC00 0.67 ULACC40 Jan-24 51.60 Teesside-R’dam ULACC10 0.01 ULACC50 Jan-24 0.37
Valhall VALHC00 0.07 VALHC40 Jan-24 5.13 Valhall-R’dam VALHC10 0.01 VALHC50 Jan-24 0.35
United Kingdom
Alwyn North ALWYC00 0.06 ALWYC40 Jan-24 4.58 Sullom Voe-R’dam ALWYC10 0.01 ALWYC50 Jan-24 0.81
Arbroath ARBRC00 0.11 ARBRC40 Jan-24 8.76 Houndpoint-R’dam ARBRC10 0.01 ARBRC50 Jan-24 0.55
Auk AUKCD00 0.25 AUKCC40 Jan-24 19.45 Teesside-R’dam AUKCC10 0.01 AUKCC50 Jan-24 0.37
Brae BRAEC00 0.14 BRAEC40 Jan-24 10.90 Houndpoint-R’dam BRAEC10 0.01 BRAEC50 Jan-24 0.56
Bruce BRUCC00 0.73 BRUCC40 Jan-24 56.58 Houndpoint-R’dam BRUCC10 0.01 BRUCC50 Jan-24 0.56
Buzzard BZRDC00 0.27 BZRDC40 Jan-24 20.98 Houndpoint-R’dam BZRDC10 0.01 BZRDC50 Jan-24 0.53
Captain CAPTC00 0.48 CAPTC40 Jan-24 36.93 Captain-Hamburg CAPTC10 0.01 CAPTC50 Jan-24 0.72
Catcher CATCC00 0.23 CATCC40 Jan-24 17.75 Catcher-R’dam CATCC10 0.01 CATCC50 Jan-24 0.48
Clair CLAIC00 0.13 CLAIC40 Jan-24 10.33 Clair-Stanlow CLAIC10 0.01 CLAIC50 Jan-24 0.91
Clyde CLYDC00 0.40 CLYDC40 Jan-24 31.31 Teesside-R’dam CLYDC10 0.01 CLYDC50 Jan-24 0.37
Cormorant CORMC00 0.65 CORMC40 Jan-24 50.39 Sullom Voe-R’dam CORMC10 0.01 CORMC50 Jan-24 0.82
Everest EVERC00 0.18 EVERC40 Jan-24 13.98 Houndpoint-R’dam EVERC10 0.01 EVERC50 Jan-24 0.55
Forties FORTC00 0.17 FORTC40 Jan-24 13.39 Houndpoint-R’dam FORTC10 0.01 FORTC50 Jan-24 0.56
Gannet GANNC00 0.22 GANNC40 Jan-24 17.01 Teesside-R’dam GANNC10 0.01 GANNC50 Jan-24 0.38
Golden-Eagle GOLDC00 0.31 GOLDC40 Jan-24 23.73 Golden Eagle-Grangemouth GOLDC10 0.00 GOLDC50 Jan-24 0.14
Joanne JOANC00 0.08 JOANC40 Jan-24 6.09 Teesside-R’dam JOANC10 0.01 JOANC50 Jan-24 0.37
Judy JUDYC00 0.33 JUDYC40 Jan-24 25.64 Teesside-R’dam JUDYC10 0.01 JUDYC50 Jan-24 0.38
Kraken KRAKC00 0.27 KRAKC40 Jan-24 20.62 Kraken-R’dam KRAKC10 0.01 KRAKC50 Jan-24 0.80
Magnus MAGNC00 0.17 MAGNC40 Jan-24 12.86 Sullom Voe-R’dam MAGNC10 0.01 MAGNC50 Jan-24 0.81
Mariner MARIC00 0.17 MARIC40 Jan-24 12.76 Mariner-Pascagoula MARIC10 0.09 MARIC50 Jan-24 6.85
Nelson NELSC00 0.13 NELSC40 Jan-24 9.69 Houndpoint-R’dam NELSC10 0.01 NELSC50 Jan-24 0.55
Ninian NINIC00 2.00 NINIC40 Jan-24 154.67 Sullom Voe-R’dam NINIC10 0.01 NINIC50 Jan-24 0.83
Schiehallion SCHIC00 0.20 SCHIC40 Jan-24 15.76 Schiellhallion-R’dam SCHIC10 0.01 SCHIC50 Jan-24 0.85
Scott SCOTC00 0.28 SCOTC40 Jan-24 21.49 Houndpoint-R’dam SCOTC10 0.01 SCOTC50 Jan-24 0.55
Tiffany TIFFC00 0.15 TIFFC40 Jan-24 11.65 Houndpoint-R’dam TIFFC10 0.01 TIFFC50 Jan-24 0.55
Toni TONIC00 0.14 TONIC40 Jan-24 10.95 Houndpoint-R’dam TONIC10 0.01 TONIC50 Jan-24 0.55
Russia
Samotlor SAMOC00 0.37 SAMOC40 Jan-24 28.98 Primorsk-R’dam SAMOC10 0.03 SAMOC50 Jan-24 1.97
Platts crude carbon intensity assessments - fields (continued) (PGA page 4200)
Daily Carbon Intensity Premium Monthly Carbon Intensity* Daily Transport Carbon Intensity Premium Monthly Transport Carbon Intensity**
Symbol $/boe Symbol Date kg CO2 eq/boe Route Symbol $/b Symbol Date kg CO2 eq/b
North America Fields
Canada (PGA/PCR page 4204)
Bakken-Canada BAKKC00 0.44 BAKKC40 Jan-24 33.80 Canada-USMW BAKKC10 0.05 BAKKC50 Jan-24 3.91
Cold Lake CDLKC00 1.11 CDLKC40 Jan-24 85.76 W Canada-USMW CDLKC10 0.06 CDLKC50 Jan-24 4.86
CVE Christina Lake CVECC00 0.57 CVECC40 Jan-24 44.40 Canada-USMW CVECC10 0.06 CVECC50 Jan-24 4.86
Foster Creek FOSTC00 0.76 FOSTC40 Jan-24 59.11 Canada-USGC FOSTC10 0.07 FOSTC50 Jan-24 5.69
Hebron HEBRC00 0.13 HEBRC40 Jan-24 9.72 Hebron-Canada HEBRC10 0.12 HEBRC50 Jan-24 8.89
Hibernia HIBEC00 0.49 HIBEC40 Jan-24 37.60 Hibernia-Canada HIBEC10 0.13 HIBEC50 Jan-24 9.82
Jackfish JACKC00 0.90 JACKC40 Jan-24 69.91 Canada-USMW JACKC10 0.06 JACKC50 Jan-24 4.37
MEG Christina Lake MEGCC00 0.75 MEGCC40 Jan-24 58.37 Canada-USGC MEGCC10 0.08 MEGCC50 Jan-24 5.99
Montney Shale MONTC00 0.36 MONTC40 Jan-24 27.67 Montney-Canada MONTC10 0.01 MONTC50 Jan-24 0.81
Surmont SURMC00 0.86 SURMC40 Jan-24 66.69 Canada-USGC SURMC10 0.07 SURMC50 Jan-24 5.54
United States (PGA/PCR page 4205)
Bakken BAKNC00 0.26 BAKNC40 Jan-24 20.26 Beaumont-R’dam BAKNC10 0.08 BAKNC50 Jan-24 6.46
Denver-Julesburg DENVC00 0.37 DENVC40 Jan-24 28.33 Denver-USGC DENVC10 0.03 DENVC50 Jan-24 2.47
Eagle Ford EGFDC00 0.22 EGFDC40 Jan-24 16.74 Houston-Qingdao EGFDC10 0.17 EGFDC50 Jan-24 12.85
Mars-Ursa MRURC00 0.18 MRURC40 Jan-24 13.72 Mars-Qingdao MRURC10 0.18 MRURC50 Jan-24 14.04
Permian Delaware PRDLC00 0.23 PRDLC40 Jan-24 17.46 Corpus Christi-R’dam PRDLC10 0.08 PRDLC50 Jan-24 6.51
Permian Midland PRMDC00 0.33 PRMDC40 Jan-24 25.51 Corpus Christi-R’dam PRMDC10 0.09 PRMDC50 Jan-24 6.70
Prudhoe-Bay PRUDC00 0.43 PRUDC40 Jan-24 33.59 Alaska-USWC PRUDC10 0.04 PRUDC50 Jan-24 2.86
San-Joaquin SANMC00 2.27 SANMC40 Jan-24 175.95 San Joaquin-SoCal SANAC10 0.01 SANAC50 Jan-24 0.77
SCOOP-STACK SCOOC00 0.42 SCOOC40 Jan-24 32.35 Oklahoma-USGC SCOOC10 0.01 SCOOC50 Jan-24 1.01
Tahiti TAHIC00 0.21 TAHIC40 Jan-24 16.54 Tahiti-Yeosu TAHIC10 0.17 TAHIC50 Jan-24 13.15