Crude Oil
January 15, 2025
Platts begins publishing additional crude grade carbon intensity values
Platts, part of S&P Global Commodity Insights, has begun publishing monthly carbon intensity calculations for 27 additional crude oil fields in Asia, Africa, the Middle East, Eastern Europe, Latin America and North America, from Jan. 15.
This data is produced by the S&P Global Commodity Insights analytics team.
These crude carbon intensity values are published in both gCO2e/MJ and kgCO2e/ bbl units , and have been added to the list of Platts existing crude grade carbon intensity calculations, bringing the current total number of grades to 68, and increasing transparency on carbon intensities in the global crude market.
The new grades include:
| Description | Symbol | Description | Symbol |
| Agbami-Ekoli Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFX00 | El Sharara Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFI00 |
| Agbami-Ekoli Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGY00 | El Sharara Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGJ00 |
| Al Jurf Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFK00 | Es Sider Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFJ00 |
| Al Jurf Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGL00 | Es Sider Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGK00 |
| Arab Heavy Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFO00 | Foroozan Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFC00 |
| Arab Heavy Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGP00 | Foroozan Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGD00 |
| Arab Medium Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFN00 | Hebron Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFU00 |
| Arab Medium Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGO00 | Hebron Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGV00 |
| Arab XL Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFL00 | Hibernia Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFV00 |
| Arab XL Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGM00 | Hibernia Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGW00 |
| Arabian Super Light Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFM00 | Iranian Heavy Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFA00 |
| Arabian Super Light Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGN00 | Iranian Heavy Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGB00 |
| Azeri Light Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOGA00 | Iranian Light Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFB00 |
| Azeri Light Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOHB00 | Iranian Light Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGC00 |
| Basrah Heavy Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFD00 | Kirkuk Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFE00 |
| Basrah Heavy Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGE00 | Kirkuk Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGF00 |
| Basrah Light Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFF00 | Kuwait Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFH00 |
| Basrah Light Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGG00 | Kuwait Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGI00 |
| Bonga Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFY00 | Mars Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFR00 |
| Bonga Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGZ00 | Mars Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGS00 |
| Bozhong Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFZ00 | Poseidon Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFT00 |
| Bozhong Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOHA00 | Poseidon Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGU00 |
| CPC Blend Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFG00 | Thunder Horse Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFS00 |
| CPC Blend Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGH00 | Thunder Horse Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGT00 |
| Cusiana Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFW00 | Ural Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFQ00 |
| Cusiana Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGX00 | Ural Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGR00 |
| ESPO Grade Marginal Carbon Intensity Mthly gCO2e/MJ | ACOFP00 | ||
| ESPO Grade Marginal Carbon Intensity Mthly kgCO2e/ bbl | ACOGQ00 |
In line with the current methodology for carbon intensity scores produced by the S&P Global Commodity Insights analytics team, the carbon intensity of these 27 new grades is calculated using Stanford's Oil Production Greenhouse Gas Emissions Estimator (OPGEE) 2.0 model, combined with proprietary research and data from S&P Global.
Platts upstream crude carbon intensity calculations measure the impact of greenhouse gas emissions in the production lifecycle from production to storage terminal.
The methodology guide and a complete list of existing grades, fields, and transport routes for Platts upstream carbon intensity, midstream carbon intensity, and carbon offset premiums is available here .
The additional values listed above do not have a corresponding carbon intensity premium.
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