Crude Oil

January 02, 2025

Platts amends conversion factor for several CFR North Asia crude assessments Jan 2

Platts, part of S&P Global Commodity Insights, has amended the conversion factor for several CFR North Asia crude assessments effective Jan. 2, 2025.

The amendments reflect the prevailing qualities of these grades based on the most recent assays available. The conversion factor for barrels to metric tonnes applied for these grades is used in the freight calculation.

The affected assessments, their amended conversion factors, updated API gravity, and their corresponding price database codes are as follows:

Grade Conversion factor API gravity Code Mavg code
Oman 7.32 33.2 PCAQJ00 PCAQJ03
Upper Zakum 7.32 33.2 PCAQB00 PCAQB03
Qatar Marine 7.23 31.2 PCAQC00 PCAQC03
Murban 7.62 40 PCAQE00 PCAQE03

These assessments appear on Platts Global Alert, Platts Crude Oil Alert pages 2202 and 2203, Platts Crude Oil Marketwire and Platts Oilgram Price Report.

Platts will continue to periodically review the qualities and conversion factors of the 11 crude grades for which it publishes CFR North Asia assessments to ensure they reflect prevailing qualities.

Please send all comments, feedback and questions to asia_crude@spglobal.com and PriceGroup@spglobal.com

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.