Platts Quality Premium for September-loading Murban set at $0.00/b

The Quality Premium for September-loading Murban crude oil is $0.00/b and will be effective for trade in September-loading cargoes during the Platts Market on Close assessment process through July.

The Quality Premium in June for August-loading Murban crude was also $0.00/b.

Effective April 1, 2020, S&P Global Platts raised the minimum threshold for the quality premium that sellers receive 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 Platts Market on Close assessment process.

Platts raised the minimum threshold to 50 cents/b from 25 cents/b for the Murban quality premium, which is set 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 announcement.

The higher minimum threshold will mean that a QP of $0.00/b will be announced if 60% of the observed price difference between the Platts Murban and Oman assessments during the prior month is less than 50 cents/b.

In June, this observed price difference averaged 6.9 cents/b.

The full details of the change can be found at http://plts.co/Cv2530qCTJp

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.

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