Platts updates European, African crude oil freight netbacks for 2021

Effective Jan. 4, S&P Global Platts will reflect updated Worldscale freight rates for 2021 across its European and African crude oil price assessments.

All applicable flat rate values are available via Worldscale.

The following freight netback calculations will be updated to reflect the changes:

Dated Brent CIF Rotterdam

Sullom Voe to Rotterdam flat rate for Brent/Ninian Blend.

Hound Point to Rotterdam flat rate for Forties Blend.

Sture to Rotterdam flat rate for Oseberg.

Teesside to Rotterdam flat rate for Ekofisk.

Mongstad to Rotterdam flat rate for Troll.

The Rotterdam port charge used will be 13 cents/b.

US Crude

Scapa Flow to Rotterdam flat rate for WTI Midland FOB Basis Scapa Flow.

The Rotterdam port charge used will be 13 cents/b.

Urals and Mediterranean

Primorsk to Rotterdam flat rate for Urals ex-Primorsk.

Gdansk to Rotterdam, Primorsk to Rotterdam and Ust-Luga to Rotterdam flat rates for Urals ex-Baltic.

Banias to Augusta flat rate for Syrian Light.

Batumi to Augusta flat rate for Azeri Light FOB Supsa/Batumi.

Ceyhan to Augusta flat rate for Azeri Light FOB Ceyhan.

Es Sider to Augusta flat rate for Es Sider.

Novorossiisk to Augusta flat rate for Urals FOB Novorossiisk.

Novorossiisk CPC terminal to Augusta flat rate for CPC FOB Novorossiisk CPC terminal.

Sidi Kerir to Augusta flat rate for Iranian Light and Iranian Heavy.

Skikda to Augusta flat rate for Saharan Blend.

Supsa to Augusta flat rate for Azeri Light FOB Supsa/Batumi.

Tartous to Augusta flat rate for Syrian Heavy.

The Rotterdam port charge used will be 12 cents/b.

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