Platts to launch carbon intensity calculations, carbon offset premiums

Platts, part of S&P Global Commodity Insights, will begin publishing monthly carbon intensity calculations and daily carbon offset premium assessments for six crude grades and 22 additional crude fields, effective June 15, 2022.

These 22 additional crude fields will be added to the list of 104 crude oil fields for which S&P Global is publishing field carbon intensity in kilograms of carbon dioxide equivalent per barrel of oil equivalent (KgCO2e/boe); monthly calculations of transportation carbon intensity along one relevant route per crude field in kilograms of carbon dioxide equivalent per barrel (KgCO2e/b); and daily offset premium assessments in $/boe and $/b, respectively, using the Platts Carbon Removal Credit (CRC) voluntary Carbon credit assessment.

The methodology underpinning these assessments is available here: Crude Carbon Intensity Methodology

Platts will also begin publishing six crude grade upstream CI calculations in kgCO2e/b and CI premiums in $/b. The CI of each grade will be calculated by using the volume-weighted average CI for the individual fields based on monthly production for each field.

These new assessments will be available in Crude Oil Marketwire; as well as in Platts Dimensions Pro and in the Platts Pricing database under the following codes:  

Please send any feedback to Platts_Carbon@spglobal.com and  pricegroup@spglobal.com .  

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.