Platts launches CIF Rotterdam KEBCO, FOB Ust-Luga and Novorossiisk netback assessments

Platts, part of S&P Global Commodity Insights, has launched new KEBCO (Kazakh Export Blend Crude oil) assessments, Aug. 1, 2023.

This follows a decision note published June 21:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062123-platts-to-launch-cif-rotterdam-kebco-fob-ust-luga-and-novorossiisk-netback-assessments

Platts received consistent market feedback in support of a KEBCO CIF Rotterdam assessment and FOB-netback values for KEBCO Ust-Luga and FOB Novorossiisk.

KEBCO FOB Ust-Luga value will be calculated as a freight netback from the KEBCO CIF Rotterdam assessment.

KEBCO FOB Novorossiisk will be calculated as a freight netback from the CIF Augusta assessment, also taking into account Turkish Strait delays and the Additional War Risk Premium (AWRP).

These assessments will be published as both differentials to the Med Dated Brent strip [AALDF00] and as outright values.

Platts launched a KEBCO CIF Augusta assessment, Nov. 1, 2022.

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

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