Platts Quality Premium for April-loading Murban set at $0.8387/b for Feb 1

The Quality Premium for April-loading Murban crude oil is $0.8387/b and will be effective for trade in April-loading cargoes during the Platts Market on Close assessment process on Feb. 1.

S&P Global Commodity Insights announced earlier that starting Feb. 1, Platts will publish a daily Murban QP at 50% of the net price differences between Platts Murban (M+2) and Platts Oman (M+2) assessments over 15 business days prior to the day of publication.

The Murban QP applicable for payment from a buyer to the seller will be the QP published on the day of the convergence.

Platts, part of S&P Global, will announce a QP of zero if 50% of the observed price difference between Platts Murban and Platts Oman over the 15 publication days is less than 50 cents/b.

The Murban QP can be found on Platts Global Alert pages 2210 and 2220, in the Crude Oil Marketwire, and under code AASVA00 in the Platts database.

Platts will consider all comments received and will make comments not marked as confidential available upon request.