02 Apr 2024 | 10:35 UTC

Platts amends cargo sizes for West African crude assessments

In line with evolving trends in the region, and loading programs for 2024 cargoes, Platts, part S&P Global Commodity Insights, has amended the cargo size on some of its West African crude assessments, effective April 2.

Platts has amended the basis volume for the following assessments:

Country Grade New assessment basis (barrels) Previous assessment basis (barrels)
Nigeria Agbami 1,000,000 975,000
Nigeria Bonga 1,000,000 975,000
Nigeria Usan 1,000,000 950,000
Angola Plutonio 1,000,000 950,000

Platts has also amended min and max volumes for the following grades:

Country Grade New minimum (barrels) New maximum (barrels) Previous min/max (barrels)
Nigeria Bonny Light 950,000 1,000,000 950,000/950,000
Nigeria Forcados 950,000 1,050,000 950,000/950,000
Nigeria Agbami 1,000,000 1,000,000 975,000/975,000
Nigeria Bonga 950,000 1,050,000 975,000/975,000
Nigeria Usan 1,000,000 1,000,000 950,000/950,000
Angola Plutonio 1,000,000 1,000,000 950,000/950,000

Assessments not listed in the tables have no volume amendments.

Where the minimum and maximum volumes vary from the basis volume, Platts will publish bids, offers and trades for volumes within the range that are not the basis volume, however, these may be subject to normalization for assessment purposes.

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