Platts Quality Premium for July-loading Murban set at $1.0236/b

The Quality Premium for July-loading Murban crude oil from Platts, part of S&P Global Commodity Insights, is $1.0236/b and will be effective for trade in July-loading cargoes during the Platts Market on Close assessment process through May.

In April, the quality premium for June-loading Murban crude was $0.9326/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.

In April, the price difference between Platts Murban and Platts Oman assessments averaged $1.7060/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.

The Murban QP can be found on Platts Global Alert pages 2210 and 2220, in the Crude Oil Marketwire, and under code AAISV00 in the Platts database.

Platts will consider all comments received and will make comments not marked as confidential available upon request.