S&P Global to launch differentials to front-month Dubai Futures for Qatar Marine and Qatar Land from June 1, 2022

S&P Global Commodity Insights will begin publishing differentials to front-month Dubai Futures for Qatar Marine and Qatar Land starting June 1,2022.

S&P Global's Dubai benchmark is the most widely used pricing reference for both spot and term barrels of oil loading from the Middle East and Eastern Russia.

S&P Global understands that Qatari crude grades such as Qatar Land and Qatar Marine trade in the physical spot market as a differential to the respective grades' official selling prices, as well as a differential against Platts Dubai benchmark.

From June 1, S&P Global will publish the new differentials which will reflect the spread between S&P Global's outright assessment of each grade loading M+2 against same-month Dubai crude futures, which settle on the monthly average of the Platts first-line Dubai assessment.

For example, in June, S&P Global will publish differentials for August-loading cargoes of Qatar Land and Qatar Marine to the August Dubai futures assessment, in addition to the existing assessments for the two grades' outright prices as well as differentials against their respective OSPs.

The new differentials will add to S&P Global's existing assessments for Qatar's Al Shaheen, Abu Dhabi's Murban, Das Blend, Umm Lulu, Upper Zakum, Oman, Dubai and Far East Russian ESPO crude grades against front-month Dubai.

More information on the Platts Dubai benchmark and assessment methodology can be found online at: https://www.spglobal.com/platts/en/our-methodology/price-assessments/oil/dubai-crude-oil-price-assessments

Please send all feedback or questions to asia_crude@spglobal.com and pricegroup@spglobal.com.

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