Crude Oil

August 01, 2023

Platts Quality Premiums for September-loading North Sea crude cargoes

Effective Aug. 1, the North Sea Quality Premiums for September-loading North Sea crude oil cargoes will be as follows:

Crude Grade Quality Premium
Oseberg QP 1.1051
Ekofisk QP 1.0163
Troll QP 1.5719

Quality Premiums are available on Platts Global Alert pages 1210 and 1212 and in the Platts Pricing Database under the following codes:

Crude Grade Current Month Month-Ahead
Oseberg QP AAXDW00 AAXDX00
Ekofisk QP AAXDY00 AAXDZ00
Troll QP ATFNB00 ATFNA00

The QPs are published to four decimal places and at 60% of the net price differences between Ekofisk, Oseberg, Troll and the most competitive grade of crude among Brent, Forties, Oseberg, Ekofisk and Troll during the month prior to announcement. Platts, part of S&P Global Commodity Insights, announces QPs on the first publishing day of each month, a month prior to the escalators coming into effect.

Please send any comments and queries to europe_crude@spglobal.com and pricegroup@spglobal.com.