02 Apr 2024 | 11:00 UTC

Platts Quality Premiums for May-loading North Sea crude cargoes

Effective April 2, the North Sea Quality Premiums for May-loading North Sea crude oil cargoes will be as follows:

Grade Quality Premium
Ekofisk QP 1.2476
Oseberg QP 1.5741
Troll QP 1.6938

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

Grade Current Month Month Ahead
Ekofisk AAXDY00 AAXDZ00
Oseberg AAXDW00 AAXDX00
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.