Platts updates European, African crude oil freight netbacks for 2025

Effective Jan. 2, Platts, part of S&P Global Commodity Insights, has updated Worldscale freight rates for 2025 across its European and African crude oil price assessments.

All applicable flat rate values are available via Worldscale.

The following freight netback and net forward calculations will be updated to reflect the changes:

Dated Brent CIF Rotterdam

The Sullom Voe to Rotterdam flat rate for Brent/Ninian Blend.

The Hound Point to Rotterdam flat rate for Forties Blend.

The Sture to Rotterdam flat rate for Oseberg.

The Teesside to Rotterdam flat rate for Ekofisk.

The Mongstad to Rotterdam flat rate for Troll.

The Rotterdam port charge used will be 13 cents/b.

Urals and Mediterranean

The Primorsk to Rotterdam flat rate for Urals ex-Primorsk.

The Gdansk to Rotterdam, Primorsk to Rotterdam and Ust-Luga to Rotterdam flat rates for Urals ex-Baltic.

The Ust-Luga to Rotterdam flat rate for KEBCO FOB Ust-Luga.

The Ceyhan to Augusta flat rate for Azeri Light FOB Ceyhan.

The Es Sider to Augusta flat rate for Es Sider.

The Novorossiisk to Augusta flat rate for Urals FOB Novorossiisk and KEBCO FOB Novorossiisk.

The Novorossiisk CPC terminal to Augusta flat rate for CPC FOB Novorossiisk CPC terminal.

The Sidi Kerir to Augusta flat rate for Iranian Light and Iranian Heavy.

The Skikda to Augusta flat rate for Saharan Blend.

The Supsa to Augusta flat rate for Azeri Light FOB Supsa/Batumi.

The Rotterdam port charge used will be 13 cents/b.

Latin America delivered-Rotterdam

P75 FPSO to Rotterdam for Buzios.

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