Platts to amend Sullom Voe to Rotterdam flat rate used in Dated Brent from May 1

Following a Worldscale Association update for the port of Sullom Voe, Platts, part of S&P Global Energy, will amend the $/mt flat rate for the Sullom Voe-Rotterdam route effective May 1.

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

The flat rate feeds into the Sullom Voe-Rotterdam, and North Sea-Rotterdam Freight Adjustment Factors (FAF), which are used for netting back CIF Rotterdam Brent Blend and WTI Midland values to FOB-equivalents.

As a result of this update, the weighted average flat rate used in the calculation of the WTI Midland North Sea-Rotterdam FAF will be $7.27/mt effective May 1.

Please send all comments or questions to europe_crude@spglobal.com and pricegroup@spglobal.com.

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