The Quality Premium for August-loading Murban crude oil is $0.00/b and will be effective for trade in August-loading cargoes during the Platts Market on Close assessment process through June.
In May, the quality premium for July-loading Murban crude was also $0.00/b.
Sellers receive the quality premium from the buyer for the nomination and delivery of a cargo of Murban crude into a physical convergence of Dubai, Al Shaheen, Upper Zakum or Oman partials during the MOC process.
The Murban QP is calculated at 60% of the net price difference between the Platts front-month cash Murban assessment and Platts front-month cash Oman assessment during the full month prior to the announcement.
In May, this observed price difference averaged 25.7 cents/b.
The Murban QP can be found on Platts Global Alert pages 2210 and 2220, in the Crude Oil Marketwire, and under code AAISV00 in the Platts database.
Platts will consider all comments received and will make comments not marked as confidential available upon request.