Platts to amend Hound Point, Teesside to Rotterdam flat rates used in Dated Brent from March 2

Following Worldscale Association updates for the ports of Hound Point and Teesside, Platts, part of S&P Global Energy, will amend the $/mt flat rates for the Hound Point-Rotterdam and Teesside-Rotterdam 80,000 mt routes effective March 2.

Please refer to the Worldscale website for more information on its update.

The updated flat rates feed into the Hound Point-Rotterdam, Teesside-Rotterdam and North Sea-Rotterdam Freight Adjustment Factors (FAF), which are used for netting back CIF Rotterdam Forties, Ekofisk and WTI Midland values to FOB-equivalent values, respectively.

As a result of these updates, the weighted average flat rate used in the calculation of the WTI Midland North Sea-Rotterdam FAF will be $7.25/mt from March 2.

Please send all comments or 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 comments not marked as confidential available upon request.