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

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

In October, the quality premium for December loading Murban crude was also $0.00/b.

Sellers receive the quality premium from the buyer 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 MOC process.

The Murban QP is calculated 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 the announcement.

The minimum threshold for the quality premium is set at 50 cents/b, which means that a QP of $0.00/b is announced when 60% of the observed price difference between the Platts Murban and Platts Oman assessments during the prior month is less than 50 cents/b.

In October, this observed price difference averaged 15 cents/b.

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.comand pricegroup@spglobal.com