Platts launches Mero FOB Brazil crude assessment

Platts, part of S&P Global Commodity Insights, has launched a daily assessment for Brazil's Mero crude on an FOB basis with effect from May 15, 2025.

The Mero assessment reflects standard cargoes of 1 million barrels loading 30-60 days forward via ship-to-ship transfer at Porto do Acu. Bids and offers for cargoes between 950,000-1.05 million barrels may be published for consideration in the assessment. Platts considers market information for cargoes loading at other locations in Brazil, normalized to reflect loading economics at Porto do Acu.

Market feedback indicates that Mero is sold mostly on a delivered basis at various locations, but that an FOB assessment provides valuable pricing insight. In the absence of market information on an FOB basis, Platts considers bids, offers, and trades on a delivered basis for the Mero FOB Brazil assessment, after normalization for factors such as freight rates and market structure. In addition, Platts considers price movements of comparable grades in the region in making the Mero FOB Brazil assessment.

Like Platts' other Latin America crude assessments, Mero FOB Brazil is published as an outright value and as a differential to the 30-60 day forward Dated Brent, ICE Brent, and NYMEX WTI strips.

The assessments are published under the following Platts symbols:

Recent assays suggest Mero is around 28.8 API and 0.32% sulfur.

The new assessments are available on Platts Global Alert pages 280 and 281. They are also published in Crude Oil Marketwire, Latin American Wire and Oilgram Price Report.

Please send all feedback, comments or questions to Americas_crude@spglobal.com and pricegroup@spglobal.com.

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