Effective January 1, 2019, the North Sea Quality Premium for February-loading cargoes of Oseberg crude will be $0.7564/b, while a Quality Premium of $0.5914/b will be set for February-loading cargoes of North Sea Ekofisk crude.
The month-ahead Ekofisk and Oseberg QPs can be found on Platts Global Alert pages 1210 and 1212, respectively, in Crude Oil Marketwire, and under codes AAXDZ00 and AAXDX00.
Current month QPs can be found on the same page and under codes AAXDY00 and AAXDW00, respectively.
The QPs are published to four decimal places and at 60% of the net price differences between Ekofisk and Oseberg, and the most competitive grade of crude among Brent, Forties, Oseberg, Ekofisk and Troll during the month prior to announcement.
Effective March 1, 2019, Platts will begin publication of a QP for Norway's Troll crude for April-loading cargoes. This decision was announced November 13, 2018 and is available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/111318-pl atts-to-introduce-troll-crude-quality-premium-from-april-2019-loadings.
Platts announces QPs on the first publishing day of each month, a month prior to the escalators coming into effect.
Platts has made available a Question & Answer document in English, Mandarin and Russian that further elaborates on commonly raised questions from all respondents on its Dated Brent homepage at www.platts.com Please send any comments and queries to Europe_Crude@spglobal.com and PriceGroup@spglobal.com