Platts Quality Premium for May-loading Murban crude set at $1.0192/b

The Quality Premium for May-loading Murban crude oil is $1.0192/b and will be effective for trade in May-loading cargoes during the Platts Market on Close assessment process through March.

In February, the quality premium for April-loading Murban crude was $0.8277/b.

Sellers receive the quality premium from the buyer for the nomination and delivery of a cargo of Murban crude into a physical convergence of Dubai, Al Shaheen, Upper Zakum or Oman partials during the MOC process.

In February, the price difference between Platts Murban and Platts Oman assessments averaged $1.6986/b.

The Murban QP is calculated at 60% of the net price difference between the Platts front-month cash Murban assessment and Platts front-month cash Oman assessment during the full month prior to the announcement.

A QP of zero is announced if 60% of the observed price difference between the grades is less than 50 cents/b.