SUBSCRIBER NOTE: Platts proposes launching Dated Brent CIF Rotterdam assessment

Platts proposes to publish an assessment representing the value of light sweet North Sea crude oil on a CIF Rotterdam basis, to be published alongside the current FOB North Sea Dated Brent assessment from March 14.

The assessment, which would be named Dated Brent CIF Rotterdam, would be based on the outright values of physical cargoes of Brent, Forties, Oseberg and Ekofisk, delivered on a CIF basis into the port of Rotterdam.

The assessment would be calculated based on prevailing values for Brent, Forties, Oseberg and Ekofisk, plus freight and any other relevant costs.

In line with the continued importance of Rotterdam as the key European refining hub for processing North Sea crude oil, the assessment is designed to represent the value of North Sea crude at one of its main points of delivery.

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