Platts to amend weightings in North Sea-Rotterdam Freight Adjustment factor for 2025

Platts, part of S&P Global Commodity Insights, will amend the weightings in the weighted average flat rate used in the North-Sea Rotterdam Freight Adjustment Factor (FAF) for 2025.

Platts calculates the WTI Midland Freight Adjustment Factor (FAF), reflected in Dated Brent, as a weighted average based on relative production of Brent, Forties, Oseberg, Ekofisk and Troll.

The weightings for 2025 will be amended, as follows:

Teesside: 37%

Hound Point: 30%

Mongstad: 17%

Sture: 10%

Sullom Voe: 6%

These weightings will be applied to the 2025 Worldscale flat rates, once they become available, to determine the weighted average flat rate.

The 10-day rolling average of the Platts Dirty Cross-UK/Continent 80,000 mt Worldscale freight assessment [TDUUW00] and the Rotterdam port fee will be applied to the average flat rate and multiplied by 80%.

Platts publishes the North Sea-Rotterdam Freight Adjustment Factor, used for the adjustment of WTI Midland from CIF Rotterdam to FOB North Sea-equivalent value, to the code FSFRM00.

The FAF is published at 11 am London time ahead of the Platts Market on Close assessment process to pages PGA and PCR 1218. It is also published in Crude Oil Marketwire.

Please send all feedback and questions to europe_crude@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 feedback not marked as confidential available to the public upon request.