Crude Oil

February 01, 2024

Platts Quality Premiums for March-loading North Sea crude cargoes

Effective Feb. 1, the North Sea Quality Premiums for March-loading North Sea crude oil cargoes will be as follows:

Crude Grade Quality Premium
Oseberg 1.4562
Ekofisk 1.0549
Troll 1.6916

Quality Premiums are available on Platts Global Alert pages 1210 and 1212 and in the Platts Pricing Database under the following codes:

Crude Grade Current Month Month Ahead
Oseberg AAXDW00 AAXDX00
Ekofisk AAXDY00 AAXDZ00
Troll ATFNB00 ATFNA00

The QPs are published to four decimal places and at 60% of the net price differences between Ekofisk, Oseberg, Troll and the most competitive grade of crude among Brent, Forties, Oseberg, Ekofisk, Troll and WTI Midland during the month prior to announcement.

Platts, part of S&P Global Commodity Insights, announces QPs on the first publishing day of each month, a month prior to the escalators coming into effect.

Please send any comments and queries to europe_crude@spglobal.com and pricegroup@spglobal.com.