Crude Oil

October 20, 2023

Platts to update flat rate used in FOB Azeri Light, BTC freight-adjusted assessments

Platts, part of S&P Global Commodity Insights, will update the Ceyhan to Augusta flat rate used in Azeri Light FOB Ceyhan and BTC FOB Ceyhan freight netback calculations from Nov. 1 to reflect an increase in port fees, as detailed in Worldscale Circular No. 2 (2023) for the route.

For further details please refer to Worldscale.

Assessments impacted: BTC FOB Ceyhan, Azeri Light FOB Ceyhan Suez vs BTC and Azeri Light FOB Ceyhan Afra vs BTC.

Please send all feedback, comments or questions to europe_crude@spglobal.com and pricegroup@spglobal.com by Oct. 30.

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 to the public upon request.