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Crude Oil Marketwire

Volume 45 / Issue 29 / February 9, 2024
Key benchmarks ($/barrel) Brent/WTI spreads and EFPs (PGA page 218) Market Commentary
Mid Change Mid Change
(PGA page 2210) Brent/WTI 1st AALAU00 5.56/5.58 5.570 +0.050
Dubai (Apr) PCAAT00 81.03–81.05 81.040 +1.710 Brent/WTI 2nd AALAV00 5.15/5.17 5.160 +0.030 Platts Middle East Sour Crude Daily
Dubai (May)
Dubai (Jun)
PCAAU00
PCAAV00
80.49–80.51
79.96–79.98
80.500
79.970
+1.570
+1.490
Brent/WTI 3rd AALAY00
Brent EFP (Apr) AAGVX00 0.17/0.19
4.970
0.180
+0.080
+0.070
Market Analysis
MEC (Apr) AAWSA00 81.03–81.05 81.040 +1.710 Brent EFP (May) AAGVY00 0.18/0.20 0.190 +0.070
MEC (May) AAWSB00 80.49–80.51 80.500 +1.570 Brent EFP (Jun) AAMVY00 0.210 +0.070 EFS jumps as ICE Brent surges overnight on
MEC (Jun) AAWSC00 79.96–79.98 79.970 +1.490
Brent/Dubai (Apr) AAJMS00 0.64/0.66 0.650 +0.320
WTI EFP (Mar) AAGVT00 -0.01/0.01 0.000 0.000 geopolitical risk
WTI EFP (Apr) AAGVU00 -0.01/0.01 0.000 0.000
(PGA page 1212)
Brent (Dated) PCAAS00 84.74–84.76 84.750 +0.275
WTI EFP (May) AAGVV00 -0.01/0.01 0.000 0.000 Iraqi Basrah March crude OSPs emerge
Dated North Sea Light AAOFD00 84.74–84.76 84.750 +0.275 The sweet-sour crude spreads were sharply higher
Dated Brent (CIF) PCAKM00 85.955 +0.255 Middle East ($/barrel) in the Asian sour crude market Feb. 9, trailing a surge
Brent (Apr) PCAAQ00 81.83–81.85 81.840 +0.500
(PGA page 2210) Mid Change
Brent (May) PCAAR00 81.28–81.30 81.290 +0.420 Oman (Apr) PCABS00 81.03–81.05 81.040 +1.710 in oil prices overnight amid geopolitical tensions and
Brent (Jun) PCARR00 80.830 +0.390 Oman (May) 80.49–80.51 80.500 +1.570
Sulfur de-escalator AAUXL00 0.20 Oman (Jun)
AAHZF00
AAHZH00 79.96–79.98 79.970 +1.490
potentially lifting demand for Dubai-linked crudes,
Oseberg QP (Feb)
Oseberg QP (Mar)
AAXDW00
AAXDX00
1.4038
1.4562
Upper Zakum (Apr) AAOUQ00 81.02–81.06 81.040 +1.710 while Iraq’s March Basrah OSPs emerged.
Murban (Apr) AAKNL00 81.02–81.06 81.040 +1.710
Ekofisk QP (Feb) AAXDY00 1.1395 Murban (May) MBNSA00 80.500 +1.570
Platts assessed the front-month Brent-Dubai
Ekofisk QP (Mar) AAXDZ00 1.0549
Troll QP (Feb) ATFNB00 1.6481
Murban (Jun) MBNSB00 79.970 +1.490 Exchange of Futures for Swaps spread, a gauge of
Al Shaheen AAPEV00 81.02–81.06 81.040 +1.710
Troll QP (Mar) ATFNA00 1.6916 Spread vs Dubai the strength of European sweet crudes over Middle
(PGA page 210) Dubai DBDDC00 1.070 +0.220 (continued on page 3)
Platts AGS AGSAA00 79.560 +0.610 Oman DBDOC00 1.070 +0.220
WTI FOB USGC Decades Avg ADECA00 79.470 +0.600 Murban AARBZ00 1.070 +0.220
WTI (Mar) PCACG00 76.83–76.85 76.840 +0.620 Al Shaheen AAPEW00 1.02–1.12 1.070 +0.220 Contents
WTI (Apr) PCACH00 76.76–76.78 76.770 +0.580 Upper Zakum DBDUZ00 1.070 +0.220
WTI (May) AAGIT00 76.60–76.62 76.610 +0.570 Quality Premiums Market Analysis. ........................................................ 1
Light Houston Sweet AAXEW00 78.890 +0.670 Murban QP AASVA00 0.0000
Light Houston Sweet M2 AAYRY00 78.570 +0.480 Platts Oil Mideast Sour Crude Convergences. ......................... 4
LOOP Sour (Mar) AALSM01 76.840 +0.120 (PGA page 2658)
Dubai Swap (Mar) AAHBM00 80.48–80.52 80.500 +1.570 Platts Middle East Sour Crude Bids,
LOOP Sour (Apr) AALSM02 76.570 +0.030
LOOP Sour (May) AALSM03 76.260 +0.020 Dubai Swap (Apr) AAHBN00 79.95–79.99 79.970 +1.490 Offers, Trades. ......................................................... 4
Bakken AAXPP00 74.070 +0.670 Dubai Swap (May) AAHBO00 79.44–79.48 79.460 +1.400
Eagle Ford Marker AAYAJ00 77.180 +0.470 Platts Dubai Derivatives Bids Summary. .............................. 10
ACM* (Mar) AAQHN00 76.38–76.40 76.390 +0.120
Platts Dubai Derivatives Offers Summary. ............................ 10
ACM* (Apr) AAQHO00 76.11–76.13 76.120 +0.030
ACM* (May) AAQHP00 75.80–75.82 75.810 +0.020 Platts Dubai Derivatives Trades Summary.............................. 11
*Americas Crude Marker.
Platts Dubai Derivatives Exclusions. ................................... 11
Forward Dated Brent ($/barrel) (PGA page 1250)
Platts Asia Pacific Sweet Crude Daily Market Analysis. ................ 11
Mid Change
North Sea Dated strip AAKWH00 82.75–82.76 82.755 +0.300 Platts Asia Light Sweet Crude Bids, Offers, Trades. .................... 13
Mediterranean Dated strip AALDF00 82.71–82.73 82.720 +0.380
33-63 Day Dated strip AALEJ00 81.35–81.36 81.355 +0.365 Platts North Sea Crude Daily Market Analysis.......................... 14
BTC Dated strip AAUFI00 82.52–82.54 82.530 +0.380
15-45 Day Dated strip AALGM00 82.04–82.06 82.050 +0.350 Platts North Sea Dated Brent, BFOE, CFD Bids, Offers, Trades. ....... 18
30-60 Day Dated strip AAXRK00 81.44–81.46 81.450 +0.360
North Sea CIF Dtd strip AAHXE00 82.655 +0.305 Platts WTI Midland Crude DAP Europe Bids, Offers, Trades............. 21
23-63 Day Dated Strip ADBRA00 81.570 +0.360
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Crude Oil Marketwire February 9, 2024
Asia Pacific and Middle East crude assessments ($/barrel)

(Asia MOC) (Asia MOC) (Asia close) (London close)
API
Gravity Code Mid Change Code Mid Change Code Mid Change Code Mid Change
Condensate (PGA page 2212) (PGA page 2213)
Diff to Dubai Diff to Asian Dated Brent
NW Shelf 61.9 PCAGX00 74.64–74.68 74.660 +1.400 AAPAI00 -6.000 -0.300 AAPAH00 74.920 -0.650
Ichthys FC 48.9 ICFCA00 81.760 +1.650 ICFCB00 1.100 -0.050
DFC 56.82 ADFCA00 78.85–78.89 78.870 +1.440 ADFCB00 -1.15/-1.05 -1.100 -0.050 ADFCC00 -1.790 -0.260 ADFCD00 79.130 +0.140
Qatar LSC 56.9 AARBB00 78.60–78.64 78.620 +1.440 AARBD00 -1.40/-1.30 -1.350 -0.050 AARBC00 -2.040 -0.260 AARBA00 78.880 +0.140
South Pars 57.4 AARAV00 73.80–73.84 73.820 +1.440 AARAX00 -6.20/-6.10 -6.150 -0.050 AARAW00 -6.840 -0.260 AARAU00 74.080 +0.140
Diff to ICP
Senipah 54.4 AAEOE00 71.64–71.68 71.660 +1.400 AAEOK00 -4.80/-4.70 -4.750 -0.300 AAPBE00 -9.000 -0.300 AAPBD00 71.920 -0.650
Light crude (PGA page 2214) (PGA page 2215)
Diff to ICP Diff to Asian Dated Brent
Cossack 47.7 PCAGZ00 81.54–81.58 81.560 +1.650 AAPAC00 0.900 -0.050 AAPAB00 81.820 -0.400
Tapis 45.2 PCACB00 83.94–83.98 83.960 +1.650 AAOZW00 3.300 -0.050 AAOZV00 84.220 -0.400
Belida 45.1 PCAFL00 75.89–75.93 75.910 +1.650 PCAFM00 -2.40/-2.30 -2.350 -0.050 AAPBQ00 -4.750 -0.050 AAPBP00 76.170 -0.400
Kutubu 44.3 PCAFJ00 78.44–78.48 78.460 +1.650 AAPAE00 -2.200 -0.050 AAPAD00 78.720 -0.400
Attaka 42.3 PCAAJ00 75.84–75.88 75.860 +1.650 PCAAK00 -2.45/-2.35 -2.400 -0.050 AAPBC00 -4.800 -0.050 AAPBB00 76.120 -0.400
Ardjuna 38 PCACQ00 80.04–80.08 80.060 +1.650 PCACR00 -2.05/-1.95 -2.000 -0.050 AAPBG00 -0.600 -0.050 AAPBF00 80.320 -0.400
Banyu Urip 32 PCAFQ00 85.360 +1.650 PCAQQ00 2.450 -0.050 AAPBU00 4.700 -0.050 AAPBR00 85.620 -0.400
Diff to Dubai
Sakhalin Blend 45.5 AARBN00 71.70–71.74 71.720 +1.390 AARCN00 -8.30/-8.20 -8.250 -0.100 AARDN00 -8.940 -0.310 AAREN00 71.980 +0.090
ESPO M1 34.8 AARWF00 77.00–77.04 77.020 +1.490 AASEU00 -3.00/-2.90 -2.950 0.000
ESPO M2 34.8 AAWFE00 76.49–76.53 76.510 +1.400 AAWFG00 -3.00/-2.90 -2.950 0.000
Sokol 39.7 AASCJ00 76.75–76.79 76.770 +1.390 AASCK00 -3.25/-3.15 -3.200 -0.100 AAPAO00 -3.890 -0.310 AAPAN00 77.030 +0.090
Kikeh 34.9 AAWUH00 88.34–88.38 88.360 +1.650 AAOZY00 7.700 -0.050 AAOZX00 88.620 -0.400
Miri Light 32.3 PCABQ00 87.84–87.88 87.860 +1.650 AAPAS00 7.200 -0.050 AAPAR00 88.120 -0.400
Labuan 32 PCABL00 90.74–90.78 90.760 +1.650 AAPAQ00 10.100 -0.050 AAPAP00 91.020 -0.400
Kimanis 38.6 AASCL00 89.210 +1.650 AASCM00 8.550 -0.050 AASCN00 89.470 -0.400
Medium crude (PGA page 2216) (PGA page 2217)
Diff to Asian Dated Brent
Su Tu Den 36.8 AARAR00 85.44–85.48 85.460 +1.650 AARAS00 4.800 -0.050 AARAQ00 85.720 -0.400
Bach Ho 40.7 PCAHY00 87.79–87.83 87.810 +1.650 AAPAK00 7.150 -0.050 AAPAJ00 88.070 -0.400
Nanhai 40 PCAFR00 76.49–76.53 76.510 +1.650 AAPAG00 -4.150 -0.050 AAPAF00 76.770 -0.400
Nile Blend 33.9 AAPLC00 79.04–79.08 79.060 +1.700 AAPAM00 -1.600 0.000 AAPAL00 79.320 -0.350
Daqing 32.2 PCAAZ00 80.34–80.38 80.360 +1.700 AAPAW00 -0.300 0.000 AAPAV00 80.620 -0.350
Heavy crude (PGA page 2218) (PGA page 2219)
Diff to ICP Diff to Asian Dated Brent
Dar Blend 25 AARAB00 77.49–77.53 77.510 +1.800 AARAC00 -3.150 +0.100 AARAA00 77.770 -0.250
Shengli 24.2 PCABY00 82.99–83.03 83.010 +1.800 AAPAY00 2.350 +0.100 AAPAX00 83.270 -0.250
Duri 20.8 PCABA00 86.34–86.38 86.360 +1.800 PCABB00 3.10/3.20 3.150 +0.100 AAPBM00 5.700 +0.100 AAPBL00 86.620 -0.250
Vincent 18.3 AARAK00 90.860 +1.800 AARAL00 10.200 +0.100 AARAJ00 91.120 -0.250
Delivered - Asia spot crude assessments ($/barrel) (PGA page 2238)

Diff to Dubai Diff to Asian Dated Brent
US Delivered - Asia Spot Crudes
WTI Midland (DES Singapore) WTMSA00 82.560 +1.400 WTMSD00 3.100 0.000 WTMSB00 2.340 -0.140
WTI Midland (DES Yeosu) WTMYA00 83.060 +1.400 WTMYD00 3.600 0.000 WTMYB00 2.840 -0.140
Brazil Delivered-Asia Spot Crudes
Tupi (DES Qingdao) LUQDA00 83.610 +1.400 LUQDD00 4.150 0.000 LUQDB00 3.390 -0.140
© 2024 by S&P Global Inc. All rights reserved. 2

Middle East spot assessments ($/barrel) (PGA page 2220)

Mid Change Spread vs Dubai Mid Change Spread vs OSP Mid Change
Umm Lulu AUFAA00 81.290 +1.710 DBDUL00 1.320 +0.220
Das Blend AAXOF00 80.27–80.31 80.290 +1.710 DBDDS00 0.320 +0.220
Qatar Land AAKNP00 79.73–79.77 79.750 +1.700 QALDA00 -0.220 +0.210 AAKUJ00 -0.15/-0.05 -0.100 +0.250
Qatar Marine AAKNR00 79.78–79.82 79.800 +1.700 QAMDA00 -0.170 +0.210 AAKUH00 -0.45/-0.35 -0.400 +0.200
Banoco Arab Medium AAKNT00 80.03–80.07 80.050 +1.700 AAKUD00 -0.60/-0.50 -0.550 +0.200
Basrah Medium M1 BSMAM01 – 79.750 +1.570 BSMBM01 0.050 0.000
Basrah Medium M2 BSMAM02 – 79.200 +1.550 BSMBM02 -0.100 +0.050
Basrah Heavy M1 AALZC00 – 76.550 +1.570 AALZJ00 0.150 0.000
Basrah Heavy M2 AALZD00 – 76.050 +1.500 AALZK00 0.000 0.000
Eastern sour, at $1.61/b at the Feb. 9 Asian close, up

Asian market parity prices ($/barrel) (PGA page 2280)
(Asia close) (London close)
52% on the day and not far from a near three-month Mid Change Mid Change
high of $1.79/b on Jan. 29. Minas PCABO00 75.710 +1.995 AAPAZ00 75.970 -0.055
This comes as the front-month April ICE Brent Cinta PCAAX00 65.160 +2.285 AAPBJ00 65.420 +0.235
Widuri PCAFE00 62.715 +2.325 AAPBN00 62.975 +0.275
crude contract had settled $2.42/b higher on the day Cambay AMPPA00 81.125 +1.990
at $81.63/b Feb. 8 on geopolitical developments in the Ravva AMPPB00 86.885 +2.060
Rajasthan AMPPC00 81.830 +2.185
Middle East.
While the widening spread was likely driven by
speculative buying lifting ICE Brent by a greater extent Asian Crude Indices ($/barrel) (PGA page 2206)
than the Dubai market, crude oil fundamentals in both 16:30 Singapore Interim Asian Close Diff to Dated Brent Final London Close
Asian Dated Brent (ADB) AAXPG00 84.825
markets were nonetheless diverging. ADB Strip Asia AARBV00 80.660 AARBX00 80.920
North Sea crude traders in recent days have ADB Strip Middle East AARBW00 80.660 AARBY00 80.920
ADB Strip M3 ADBS003 80.220
reported increasing tightness at the prompt, with the
For definitions see http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpecs/Crude-oil-methodology.pdf
balance-month Dated to frontline (DFL) contract —
representing the difference between ICE Brent Futures
and Dated Brent — hitting its highest in four months in
the Feb. 8 session. the steepest drop in six months, as some members Japan’s Cosmo Oil shut the 75,000 b/d No. 1 CDU at
In Asia, traders have reported more balanced implemented voluntary cuts and protesters shut down its 177,000 b/d Chiba refinery in Tokyo Bay Feb. 7 due to
fundamentals for the regional sour crude market for Libya’s largest field for more than two weeks, the latest a technical issue, a spokesperson said Feb. 9.
February’s April loading cycle, though turnarounds in Platts survey from S&P Global Commodity Insights found. The duration of the shutdown is not known although
North Asia were weighing on demand. The production decline, however, was far less than there will be no impact on oil products shipment from
Iraq’s SOMO in a late Feb. 8 note set the Asia-bound the approximately 700,000 b/d in cuts pledged by the the refinery, the spokesperson added.
differential for March-loading Basrah Medium at a group for the first quarter of 2024, with Iraq well above Japan’s Idemitsu Kosan shut the 160,000 b/d CDU
discount of 80 cents/b to the average of Platts Oman/ its quota, while Kazakhstan, the UAE and Kuwait also at its Aichi refinery in central Japan Feb. 6 following a
Dubai assessments in that month, unchanged from missed their new targets, according to the survey. glitch, a spokesperson said Feb. 9.
February. The Basrah Heavy OSP was set at a discount In refinery news, South Korea’s top refiner SK The refiner is yet to decide on the restart date for
of $4.10/b to the same average, a decrease of 30 Innovation will shut its No. 5 260,000 b/d CDU over CDU, according to the spokesperson, who added that
cents/b month on month. March 20-April 15 to install a pre-heater, a company the company will look to maintain stable supply via
OPEC+ crude output fell 340,000 b/d in January, official said Feb. 8. inventory adjustment and transfer from other facilities.

Platts Mideast Sour Crude Daily Rationales & North Sea spot crude assessments ($/barrel) (PGA page 1212)
Exclusions
Dated Brent Diff
Mid Change Spread vs fwd Dated Brent
AAXEZ00 1.99/2.00
Mid
1.995
Change
-0.025
Dubai Mo01 <PCAAT00> assessment rationale: BNB AAVJA00 84.92–84.93 84.925 +0.285 AAVJB00 2.16/2.18 2.170 -0.015
Forties 84.77–84.79 84.780 +0.280 2.02/2.03 2.025 -0.020
The April cash Dubai assessment Feb. 9 took into PCADJ00 AAGWZ00
Oseberg PCAEU00 86.43–86.45 86.440 +0.285 AAGXF00 3.68/3.69 3.685 -0.015
consideration cash Dubai partials that traded at Ekofisk PCADI00 86.12–86.14 86.130 +0.290 AAGXB00 3.37/3.38 3.375 -0.010
Troll 86.82–86.84 86.830 +0.285 4.07/4.08 4.075 -0.015
$81.04-$81.05/b toward the end of the Platts Market AAWEX00 AAWEY00
FOB N Sea WTI Midland ALNDA00 84.810 +0.270 ALNDB00 2.055 -0.030
on Close assessment process, and an offer at $81.05/b Statfjord PCAEE00 86.00–86.01 86.005 +0.300 AAGXD00 3.24/3.26 3.250 0.000
Flotta Gold 84.30–84.31 84.305 +0.350 1.54/1.56 1.550 +0.050
that stood at the end of the Platts MOC process. PCACZ00 AAGXH00
Duc AAWEZ00 85.90–85.91 85.905 +0.350 AAWFL00 3.14/3.16 3.150 +0.050
Oman Blend Mo01 <PCABS00> assessment Grane Blend PCALA00 82.705 +0.350 PCALB00 -0.050 +0.050
rationale: The April cash Oman assessment Feb. 9 took Johan Sverdrup AJSVA00 82.270 +0.335 AJSVB00 -0.485 +0.035
Statfjord (CIF) AASAS00 87.00–87.01 87.005 +0.305 AASAT00 4.34/4.36 4.350 0.000
into consideration the declaration of an Oman cargo on Gullfaks (CIF) AASAU00 87.30–87.31 87.305 +0.305 AASAV00 4.64/4.66 4.650 0.000
Alvheim (CIF) ALVHA00 87.405 +0.305 ALVHB00 4.750 0.000
convergence of Dubai partials.
Asgard (CIF) ASGCA00 85.655 +0.355 ASGCB00 3.000 +0.050
Exclusions: No market data was excluded from the North Sea basket AAGIZ00 85.56–85.58 85.570 +0.285
North Sea Dated Strip 82.75–82.76 82.755 +0.300
Middle East sour crude Market on Close assessment AAKWH00
European Sour Crude Index CSBEA00 82.502 +0.340 CSBEB00 -0.253 +0.040
process. Spread vs fwd CIF Dated Brent
Dated Brent (CIF) AAVJG00 85.955 +0.255 AAVJF00 3.300 -0.050
Platts Oil Mideast Sour Crude BNB (CIF)

Forties (CIF)
PCAKP00
PCAKR00
87.085 +0.290
86.295 +0.280
AAVJC00
AAHXC00
4.430
3.640
-0.015
-0.025
Convergences Oseberg (CIF) PCAKT00 87.735 +0.285 AAHXD00 5.080 -0.020
Ekofisk (CIF) PCAKV00 87.270 +0.300 AAHXB00 4.615 -0.005
Troll (CIF) AAXJO00 88.150 +0.285 AAXJN00 5.495 -0.020
Platts Crude: Unipec declares a cargo of April WTI Midland (CIF) WMCRD00 85.960 +0.255 WMCRB00 3.305 -0.050
Johan Sverdrup (CIF) AJSWA00 83.555 +0.355 AJSWB00 0.900 +0.050
Murban crude to Trafigura following the convergence of North Sea CIF Dated Strip AAHXE00 82.655 +0.305
20 partials in Platts cash Dubai.
Platts Crude: Vitol declares a cargo of April Murban
crude to PCHK following the convergence of 20 partials Freight Adjustment Factors
in Platts cash Dubai. ($/barrel) Change
Sullom Voe-Rotterdam FSVRM00 1.9716 -0.0279
Platts Crude: Total declares a cargo of April Murban Hound Point-Rotterdam FHPRM00 1.4132 -0.0196
crude to PCHK following the convergence of 20 partials Sture-Rotterdam FSTRM00 1.2117 -0.0166
Teesside-Rotterdam FTSRM00 1.0830 -0.0147
in Platts cash Dubai. Mongstad-Rotterdam FMGRM00 1.2342 -0.0169
Platts Crude: ExxonMobil declares a cargo of April North Sea-Rotterdam FSFRM00 1.2505 -0.0172
Oman crude to Mitsui following the convergence of 20 (%)
partials in Platts cash Dubai. FAF Weighting FAFWA00 0.80
Platts Middle East Sour Crude Bids,

Offers, Trades European US Spot Crude Assessments ($/barrel) (PGA page 1238)
Mid Change Spread vs fwd Dated Brent Mid Change
WTI Midland (DAP Rotterdam) AWTIC00 84.620 +0.345 AWTID00 3.050 -0.015
Bids: WTI Midland (DAP Augusta) AWTIA00 85.270 +0.345 AWTIB00 3.700 -0.015
PLATTS DUBAI: APR24: MERCURIA BIDS 25KB Eagle Ford 45 (DAP Rotterdam) AEFAC00 83.720 +0.345 AEFAD00 2.150 -0.015
Eagle Ford 45 (DAP Augusta) AEFAA00 84.370 +0.345 AEFAB00 2.800 -0.015
AT $80.95

PLATTS DUBAI: APR24: SHELL BIDS 25KB AT $80.95 Dated Brent/BFOE swaps ($/barrel) (PGA page 1214)
PLATTS DUBAI: APR24: PETROCHINA BIDS 25KB Week Week Date Brent CFD* Mid Change Dated Brent swap Mid Change
AT $80.85 CFD Week 1 (May) Feb 12-16 PCAKA00 2.94/2.96 2.950 -0.020 AAJNV00 84.23/84.25 84.240 +0.400
CFD Week 2 (May) Feb 19-23 PCAKC00 2.33/2.35 2.340 +0.070 AAJOS00 83.62/83.64 83.630 +0.490
PLATTS DUBAI: APR24: KOCH BIDS 25KB AT $80.80
CFD Week 3 (May) Feb 26-01 PCAKE00 1.52/1.54 1.530 +0.080 AAJOU00 82.81/82.83 82.820 +0.500
PLATTS DUBAI: APR24: VITOL BIDS 25KB AT $80.70 CFD Week 4 (May) Mar 04-08 PCAKG00 0.88/0.90 0.890 +0.030 AAJOW00 82.17/82.19 82.180 +0.450
PLATTS DUBAI: APR24: TRAFIGURA NO LONGER CFD Week 5 (May) Mar 11-15 AAGLU00 0.50/0.52 0.510 -0.030 AAJPC00 81.79/81.81 81.800 +0.390
CFD Week 6 (May) Mar 18-22 AAGLV00 0.08/0.10 0.090 -0.090 AAJPE00 81.37/81.39 81.380 +0.330
BIDS AFTER TRADE
CFD Week 7 (May) Mar 25-29 AALCZ00 -0.10/-0.08 -0.090 -0.040 AALAW00 81.19/81.21 81.200 +0.380
PLATTS DUBAI: APR24: TRAFIGURA NO LONGER CFD Week 8 (May) Apr 01-05 AALDA00 -0.23/-0.21 -0.220 -0.020 AALAX00 81.06/81.08 81.070 +0.400
BIDS AFTER TRADE Brent Swaps Weeks 1 to 8 are differentials to Brent Mo02 (May) PCAAR00 found on page 1.
PLATTS DUBAI: APR24: MITSUI NO LONGER BIDS
AFTER TRADE
PLATTS DUBAI: APR24: MITSUI NO LONGER BIDS
AFTER TRADE Dated Brent/Brent Frontline Swaps (DFL) ($/barrel) (PPE page 1614)
PLATTS DUBAI: APR24: EQUINOR NO LONGER BIDS Swaps Change DFL Change
AFTER TRADE Balance month* (Feb 24) BDLBM00 83.570 +0.450 ABWFZ00 1.940 +0.030
Month 1 (Mar 24) BDLM001 81.660 +0.390 AAEAA00 0.580 +0.040
PLATTS DUBAI: APR24: PETROCHINA NO LONGER
Month 2 (Apr 24) BDLM002 80.920 +0.400 AAEAB00 0.320 +0.080
BIDS AFTER TRADE Month 3 (May 24) BDLM003 80.470 +0.340 AAEAC00 0.310 +0.030
PLATTS DUBAI: APR24: PETROCHINA NO LONGER Month 4 (Jun 24) BDLM004 80.050 +0.330 AAEAD00 0.320 +0.010
BIDS AFTER TRADE *Balance month swaps are assessed from the 1st through the 20th of the month.
Offers:
PLATTS DUBAI: APR24: VITOL OFFERS 25KB
AT $81.05
PLATTS DUBAI: APR24: GUNVOR OFFERS 25KB Cash BFOE intraday assessments ($/barrel) (PGA page 1216)
AT $81.10 Cash BFOE Change Inter-Month Spread
PLATTS DUBAI: APR24: RELIANCE OFFERS 25KB 10:30 London Time
BFOE M1 (Apr) 81.670 +1.910
AT $81.10 PBCAAM1
BFOE M2 (May) PBCAAM2 81.080 +1.660 Apr/May PBAM1M2 0.590
PLATTS DUBAI: APR24: PHILLIPS 66 OFFERS 25KB BFOE M3 (Jun) PBCAAM3 80.540 +1.490 May/Jun PBAM2M3 0.540
AT $81.15 12:30 London Time
PLATTS DUBAI: APR24: KOCH OFFERS 25KB BFOE M1 (Apr) PBCABM1 81.500 +1.300
BFOE M2 (May) PBCABM2 80.920 +1.120 Apr/May PBBM1M2 0.580
AT $81.15 BFOE M3 (Jun) PBCABM3 80.420 +1.020 May/Jun PBBM2M3 0.500
PLATTS DUBAI: APR24: UNIPEC NO LONGER 14:30 London Time
OFFERS AFTER TRADE BFOE M1 (Apr) PBCACM1 82.200 +1.620
PLATTS DUBAI: APR24: CHEVRON NO LONGER BFOE M2 (May) PBCACM2 81.580 +1.440 Apr/May PBCM1M2 0.620
BFOE M3 (Jun) PBCACM3 81.090 +1.350 May/Jun PBCM2M3 0.490
OFFERS AFTER TRADE
16:30 London Time
PLATTS DUBAI: APR24: TOTAL NO LONGER OFFERS BFOE M1 (Apr) PCAAQ00 81.840 +0.500
AFTER TRADE BFOE M2 (May) PCAAR00 81.290 +0.420
BFOE M3 (Jun) PCARR00 80.830 +0.390
PLATTS DUBAI: APR24: EXXONMOBIL NO LONGER
19:30 London Time
OFFERS AFTER TRADE BFOE M1 (Apr) PBCADM1 NA –
PLATTS DUBAI: APR24: HENGLI NO LONGER BFOE M2 (May) PBCADM2 NA – Apr/May PBDM1M2 NA
OFFERS AFTER TRADE BFOE M3 (Jun) PBCADM3 NA – May/Jun PBDM2M3 NA

PLATTS DUBAI: APR24: EXXONMOBIL NO LONGER Urals/ESPO spot assessments ($/barrel) (PGA page 1220)
OFFERS 25KB AT $81.35 AFTER WITHDRAWAL Urals (Rotterdam) PCAFW00 69.26–69.29 69.275 +0.470 AAGXJ00 -13.45/-13.44 -13.445 +0.090
(04:15:23) Urals (Mediterranean) PCACE00 71.27–71.31 71.290 +0.380 AAGXX00 -11.44/-11.42 -11.430 0.000
Urals FOB Novo Suez AAGZS00 65.70–65.74 65.720 +0.380 AAHPH00 -17.01/-16.99 -17.000 0.000
Trades: Urals FOB Novo Afra AAOTH00 65.30–65.34 65.320 +0.380 AAOTI00 -17.41/-17.39 -17.400 0.000
PLATTS DUBAI: APR24: BP SELLS TO TRAFIGURA* Urals (Ex-Baltic)
Urals (Primorsk)
AAGZT00
AAWVH00
65.70–65.74
65.70–65.74
65.720 +0.380
65.720 +0.380
AAHPI00
AAWVI00
-17.01/-16.99
-17.01/-16.99
-17.000 0.000
-17.000 0.000
25KB AT $81.05 (04:27:11) Urals RCMB (Recombined) AALIN00 73.30–73.34 73.320 +0.275
ESPO (FOB Kozmino) AARWD00 77.13–77.15 77.140 +0.190 AARWE00 -3.79/-3.77 -3.780 -0.210
PLATTS DUBAI: APR24: VITOL SELLS TO MITSUI* KEBCO (CIF Augusta) KBCOA00 82.770 +0.430 KBCOB00 0.050 +0.050
25KB AT $81.05 (04:27:16) KEBCO (CIF Rotterdam) KBCOC00 82.770 +0.430 KBCOD00 0.050 +0.050
KEBCO (FOB Novo) KBCOE00 76.800 +0.430 KBCOF00 -5.920 +0.050
PLATTS DUBAI: APR24: TRAFIGURA BUYS FROM KEBCO (FOB Ust-Luga) KBCOG00 79.085 +0.340 KBCOH00 -3.635 -0.040
Urals (DAP India) DWCUA00 78.160 +0.390 DWCUB00 -3.500 0.000
TOTAL* 25KB AT $81.10 (04:27:16) KEBCO/Russian Urals AKEBA00 11.480 +0.050
PLATTS DUBAI: APR24: BP SELLS TO TRAFIGURA* Spread vs Dubai
25KB AT $81.05 (04:27:17) Urals (DAP India) vs M1 AURLA00 -2.410 +0.170
Urals (DAP India) vs M2 AURLB00 -1.930 +0.200
PLATTS DUBAI: APR24: TOTAL SELLS TO MITSUI* Number of days
25KB AT $81.05 (04:27:21) Observed Delivery Factor AODFA00 3
PLATTS DUBAI: APR24: BP SELLS TO TRAFIGURA*
25KB AT $81.05 (04:27:24)
Urals Med/NWE CFD assessments ($/barrel)
PLATTS DUBAI: APR24: TOTAL SELLS TO MITSUI*
Urals CFD Mid Change
25KB AT $81.05 (04:27:29) Mediterranean (PPE page 1617)
PLATTS DUBAI: APR24: RELIANCE SELLS TO Urals Med CFD (Feb) AAMDU00 -11.44/-11.42 -11.430 0.000
PETROCHINA* 25KB AT $81.00 (04:27:30) Urals Med CFD (Mar) AAMEA00 -11.44/-11.42 -11.430 0.000
Urals Med CFD (Apr) UMCM003 -11.44/-11.42 -11.430 0.000
PLATTS DUBAI: APR24: UNIPEC SELLS TO
Northwest Europe (PPE page 1617)
TRAFIGURA* 25KB AT $81.05 (04:27:30) Urals NWE CFD (Feb) UNCM001 -13.45/-13.44 -13.445 +0.090
PLATTS DUBAI: APR24: MITSUI BUYS FROM Urals NWE CFD (Mar) UNCM002 -13.45/-13.44 -13.445 +0.090
Urals NWE CFD (Apr) UNCM003 -13.45/-13.44 -13.445 +0.090
UNIPEC* 25KB AT $81.05 (04:27:36)
Mediterranean (PPE page 1617)
PLATTS DUBAI: APR24: BP SELLS TO TRAFIGURA* CPC Blend CFD (Feb) AAOFX00 -2.700 0.000
25KB AT $81.05 (04:27:39) CPC Blend CFD (Mar) AAOFY00 -2.350 0.000
PLATTS DUBAI: APR24: TOTAL SELLS TO EQUINOR* CPC Blend CFD (Apr) AAOFZ00 -2.250 0.000
25KB AT $81.00 (04:27:39)

PLATTS DUBAI: APR24: TOTAL SELLS TO
PETROCHINA* 25KB AT $81.00 (04:27:41) Mediterranean spot crude assessments ($/barrel)
PLATTS DUBAI: APR24: MITSUI BUYS FROM Mid Change Spread vs fwd Dated Brent Mid Change
CHEVRON* 25KB AT $81.05 (04:27:42) Azeri and BTC (PGA page 1222)
Azeri Lt CIF 86.59–86.63 86.610 -0.340 4.07/4.09 4.080 -0.720
PLATTS DUBAI: APR24: TOTAL SELLS TO Azeri Lt FOB Ceyhan Suez
AAGZX00
AAUFM00 85.31–85.34 85.325 -0.365
AAHPM00
AAUFN00 2.79/2.80 2.795 -0.745
TRAFIGURA* 25KB AT $81.05 (04:27:44) Azeri Lt FOB Ceyhan Afra AAUFK00 84.77–84.81 84.790 -0.370 AAUFL00 2.25/2.27 2.260 -0.750
Azeri Lt FOB Supsa 82.45–82.48 82.465 -0.340 -0.07/-0.06 -0.065 -0.720
PLATTS DUBAI: APR24: BP SELLS TO MITSUI* 25KB BTC FOB Ceyhan
AATHM00
AAUFH00 85.04–85.07 85.055 -0.370
AATHN00
AAUFJ00 2.52/2.53 2.525 -0.750
AT $80.95 (04:27:44) Black Sea (PGA page 1220)
PLATTS DUBAI: APR24: GLENCORE SELLS TO Siberian Light CIF AAGZW00 73.27–73.31 73.290 +0.380 AAHPK00 -9.44/-9.42 -9.430 0.000
CPC Blend CIF AAGZU00 78.41–78.45 78.430 +0.380 AAHPL00 -4.11/-4.09 -4.100 0.000
PETROCHINA* 25KB AT $81.00 (04:27:45) CPC Blend FOB Suez AALVX00 74.25–74.29 74.270 +0.350 AALVZ00 -8.27/-8.25 -8.260 -0.030
PLATTS DUBAI: APR24: TOTAL SELLS TO MITSUI* CPC Blend FOB Afra AAOFV00 72.90–72.93 72.915 +0.380 AAOFW00 -9.62/-9.61 -9.615 0.000
Additional War Risk Premium AWARA00 1.550 0.000
25KB AT $81.05 (04:27:46)

PLATTS DUBAI: APR24: TOTAL SELLS TO Mediterranean spot crude assessments (continued) ($/barrel)
PETROCHINA* 25KB AT $81.00 (04:27:51)
Middle East & North Africa (PGA page 1234)
PLATTS DUBAI: APR24: MITSUI BUYS FROM Suez Blend PCACA00 82.35–82.39 82.370 +0.430 AAGYD00 -0.36/-0.34 -0.350 +0.050
CHEVRON* 25KB AT $81.05 (04:27:52) Es Sider PCACO00 83.06–83.10 83.080 +0.330 AAGYH00 0.54/0.56 0.550 -0.050
Kirkuk AAEJD00 81.40–81.44 81.420 +0.430 AAGYF00 -1.31/-1.29 -1.300 +0.050
PLATTS DUBAI: APR24: MITSUI BUYS FROM TOTAL* Iranian Light FOB Kharg Island (Med) AILKA00 79.580 +0.350 AILKB00 -3.140 -0.030
25KB AT $81.05 (04:27:57) Iranian Heavy FOB Kharg Island (Med) AIHKA00 77.580 +0.350 AIHKB00 -5.140 -0.030
Saharan Blend AAGZY00 83.71–83.75 83.730 +0.330 AAHPN00 1.19/1.21 1.200 -0.050
PLATTS DUBAI: APR24: GLENCORE SELLS TO
TRAFIGURA* 25KB AT $81.05 (04:28:08) West African spot crude assessments ($/barrel) (PGA page 1230)
PLATTS DUBAI: APR24: PHILLIPS 66 SELLS TO Mid Change Spread vs fwd Dated Brent Mid Change
MITSUI* 25KB AT $81.05 (04:28:11) WAF Index AWAFA00 84.025 +0.485 AWAFB00 2.575 +0.125
PLATTS DUBAI: APR24: TOTAL SELLS TO Nigeria Spot Crude Assessments
Agbami AAQZB00 79.53–79.57 79.550 +0.410 AAQZC00 -1.91/-1.89 -1.900 +0.050
PETROCHINA* 25KB AT $81.05 (04:28:16) Akpo PCNGA00 79.73–79.77 79.750 +0.410 PCNGB00 -1.71/-1.69 -1.700 +0.050
PLATTS DUBAI: APR24: GUNVOR SELLS TO Bonga PCNGC00 84.73–84.77 84.750 +0.560 PCNGD00 3.29/3.31 3.300 +0.200
Bonny Light PCAIC00 83.13–83.17 83.150 +0.410 AAGXL00 1.69/1.71 1.700 +0.050
TRAFIGURA* 25KB AT $81.05 (04:28:21) Brass River AAEJB00 82.28–82.32 82.300 +0.360 AAGXV00 0.84/0.86 0.850 0.000
PLATTS DUBAI: APR24: GLENCORE SELLS TO Egina AFONA00 88.000 +0.560 AFONB00 6.550 +0.200
Erha AAXUO00 85.100 +0.560 AAXUP00 3.650 +0.200
MITSUI* 25KB AT $81.05 (04:28:21) Escravos AAEIZ00 84.68–84.72 84.700 +0.560 AAGXR00 3.24/3.26 3.250 +0.200
PLATTS DUBAI: APR24: GUNVOR SELLS TO Forcados PCABC00 84.53–84.57 84.550 +0.560 AAGXP00 3.09/3.11 3.100 +0.200
Qua Iboe PCAID00 83.63–83.67 83.650 +0.410 AAGXN00 2.19/2.21 2.200 +0.050
PETROCHINA* 25KB AT $81.05 (04:28:25) Usan AAXUQ00 78.750 +0.360 AAXUR00 -2.700 0.000
PLATTS DUBAI: APR24: TOTAL SELLS TO Angola spot crude assessments ($/barrel) (PGA page 1232)
TRAFIGURA* 25KB AT $81.05 (04:28:33) Cabinda PCAFD00 82.53–82.57 82.550 +0.360 AAGXT00 1.09/1.11 1.100 0.000
Dalia AAQYX00 80.73–80.77 80.750 +0.360 AAQYY00 -0.71/-0.69 -0.700 0.000
PLATTS DUBAI: APR24: BP SELLS TO PETROCHINA* Girassol AASNL00 83.58–83.62 83.600 +0.360 AASJD00 2.14/2.16 2.150 0.000
25KB AT $81.05 (04:28:33) Hungo AASLJ00 80.18–80.22 80.200 +0.360 AASJF00 -1.26/-1.24 -1.250 0.000
Kissanje AASLK00 80.68–80.72 80.700 +0.360 AASJE00 -0.76/-0.74 -0.750 0.000
PLATTS DUBAI: APR24: TOTAL SELLS TO MITSUI* Nemba AAQYZ00 80.78–80.82 80.800 +0.360 AAQZA00 -0.66/-0.64 -0.650 0.000
25KB AT $81.05 (04:28:34) Pazflor PCNGG00 80.73–80.77 80.750 +0.360 PCNGH00 -0.71/-0.69 -0.700 0.000
Plutonio PCNGI00 80.23–80.27 80.250 +0.360 PCNGJ00 -1.21/-1.19 -1.200 0.000
PLATTS DUBAI: APR24: TRAFIGURA BUYS FROM
Ghana spot crude assessments (PGA page 1230)
TOTAL* 25KB AT $81.05 (04:28:39) Jubilee AAXUS00 82.600 +0.360 AAXUT00 1.150 0.000
PLATTS DUBAI: APR24: TOTAL SELLS TO MITSUI* Republic of Congo spot crude assessments
25KB AT $81.05 (04:28:42) Djeno PCNGE00 79.03–79.07 79.050 +0.360 PCNGF00 -2.41/-2.39 -2.400 0.000
Chad spot crude assessments
PLATTS DUBAI: APR24: TOTAL SELLS TO Doba AAXUU00 77.250 +0.360 AAXUV00 -4.200 0.000
TRAFIGURA* 25KB AT $81.05 (04:28:44)
PLATTS DUBAI: APR24: MITSUI BUYS FROM TOTAL* West Africa market parity prices ($/barrel) (PGA page 1270)
25KB AT $81.05 (04:28:47) Mid Change Spread vs fwd Dated Brent Mid Change
PLATTS DUBAI: APR24: UNIPEC SELLS TO Abo Blend AAXTL00 84.225 +0.705 ABOOM00 2.775 +0.345
Aje APIRP00 82.365 +0.445 APIRA00 0.915 +0.085
TRAFIGURA* 25KB AT $81.05 (04:28:49) Amenam Blend AAXTI00 81.350 +0.360 AMENA00 -0.100 0.000
PLATTS DUBAI: APR24: GUNVOR SELLS TO Antan Blend APIRQ00 85.550 +0.665 APIRB00 4.100 +0.305
Asaramatoru AAXTV00 82.025 +0.380 ASARA00 0.575 +0.020
PETROCHINA* 25KB AT $81.04 (04:28:54) CJ Blend APIRR00 85.940 +0.835 APIRC00 4.490 +0.475
PLATTS DUBAI: APR24: TRAFIGURA BUYS FROM EA Blend AAXTJ00 85.880 +0.740 AEABL00 4.430 +0.380
Ebok APIRS00 78.755 +0.205 APIRD00 -2.695 -0.155
EXXONMOBIL* 25KB AT $81.05 (04:28:54) Eremor APIRT00 79.305 -0.190 APIRE00 -2.145 -0.550
PLATTS DUBAI: APR24: UNIPEC SELLS TO MITSUI* Ima APIRU00 77.230 -0.380 APIRF00 -4.220 -0.740
Jones Creek Blend APIRV00 81.275 +0.150 APIRG00 -0.175 -0.210
25KB AT $81.05 (04:28:57) Okono Blend APIRW00 84.190 +0.585 APIRH00 2.740 +0.225

PLATTS DUBAI: APR24: EXXONMOBIL SELLS TO West Africa market parity prices (continued)
EQUINOR* 25KB AT $81.05 (04:29:02)
Okoro APIRX00 83.350 +0.630 APIRI00 1.900 +0.270
PLATTS DUBAI: APR24: KOCH SELLS TO Okwori APIRY00 86.090 +0.815 APIRJ00 4.640 +0.455
TRAFIGURA* 25KB AT $81.05 (04:29:03) Otakikpo APIRZ00 80.580 +0.320 APIRK00 -0.870 -0.040
Oyo APRIA00 82.260 +0.365 APIRL00 0.810 +0.005
PLATTS DUBAI: APR24: TOTAL SELLS TO Pennington APRIB00 82.760 +0.690 APIRM00 1.310 +0.330
PETROCHINA* 25KB AT $81.05 (04:29:03) Rabi Light ARABA00 79.380 +0.120 ARABB00 -2.070 -0.240
Sankofa APRIC00 78.175 +0.155 APIRN00 -3.275 -0.205
PLATTS DUBAI: APR24: MITSUI BUYS FROM VITOL* TEN AAXTW00 80.445 +0.400 ATENM00 -1.005 +0.040
25KB AT $81.05 (04:29:05) Ukpokiti APRID00 83.640 +0.555 APIRO00 2.190 +0.195
Yoho Light AAXTK00 83.800 +0.515 AYOHO00 2.350 +0.155
PLATTS DUBAI: APR24: UNIPEC SELLS TO Zafiro AAXTU00 86.110 +0.675 AZAFB00 4.660 +0.315
TRAFIGURA* 25KB AT $81.05 (04:29:07)
PLATTS DUBAI: APR24: KOCH SELLS TO MITSUI*
25KB AT $81.05 (04:29:07) US West Coast Crude Assessments ($/barrel) (PGA page 214)
Mid Change
PLATTS DUBAI: APR24: VITOL SELLS TO
Spread to NYMEX WTI CMA Mid Change
PETROCHINA* 25KB AT $81.05 (04:29:10) ANS/Long Beach PCAAD00 81.62–81.66 81.640 +0.530 AAGWX00 5.09/5.11 5.100 -0.040
PLATTS DUBAI: APR24: RELIANCE SELLS TO Spread to ICE BRENT CMA
MITSUI* 25KB AT $81.05 (04:29:11) ANS/Long Beach AANSA00 0.549 0.000

TRAFIGURA* 25KB AT $81.05 (04:29:12) US spot crude assessments ($/barrel) (PGA pages 210 & 214)
PLATTS DUBAI: APR24: KOCH SELLS TO MITSUI* Mid Change
25KB AT $81.05 (04:29:13) Mars (Mar) AAMBR00 76.93–76.95 76.940 +0.120
Mars (Apr) AAMBU00 76.66–76.68 76.670 +0.030
PLATTS DUBAI: APR24: VITOL SELLS TO Mars (May) AAMBX00 76.35–76.37 76.360 +0.020
PETROCHINA* 25KB AT $81.05 (04:29:14) Mars/WTI (Mar) AAGWH00 0.09/0.11 0.100 -0.500
Mars/WTI (Apr) AAKTH00 -0.11/-0.09 -0.100 -0.550
PLATTS DUBAI: APR24: UNIPEC SELLS TO MITSUI* Mars/WTI (May) AAMBO00 -0.26/-0.24 -0.250 -0.550
25KB AT $81.05 (04:29:15) LOOP/WTI (Mar) AALOM01 0.000 -0.500
LOOP/WTI (Apr) AALOM02 -0.200 -0.550
LOOP/WTI (May) AALOM03 -0.350 -0.550
TRAFIGURA* 25KB AT $81.05 (04:29:16) LOOP/Mars (Mar) AALPM01 -0.100 0.000
PLATTS DUBAI: APR24: VITOL SELLS TO LOOP/Mars (Apr) AALPM02 -0.100 0.000
LOOP/Mars (May) AALPM03 -0.100 0.000
PETROCHINA* 25KB AT $81.05 (04:29:18) WTI-Delta AAEJK00 0.11/0.13 0.120 +0.050
PLATTS DUBAI: APR24: GUNVOR SELLS TO MITSUI* P-Plus WTI PCACI00 3.49/3.51 3.500 +0.050
P-5 WTI* AAFEN00 73.360 +0.590
25KB AT $81.05 (04:29:21)
*P-5 WTI is a crude oil postings-based index. Posted prices by the following companies are used in the index: ConocoPhillips, Plains, Energy Transfer, Shell, and
PLATTS DUBAI: APR24: GUNVOR SELLS TO Valero. The index will not be calculated until all postings are submitted each day. If a posting is submitted the following day the P-5 WTI Average will update in the
PETROCHINA* 25KB AT $81.05 (04:29:22) database.
PLATTS DUBAI: APR24: VITOL SELLS TO Mid Change Spread vs 1st line WTI Mid Change
WTI (Midland) PCACJ00 78.58–78.60 78.590 +0.620 AAGVZ00 1.74/1.76 1.750 0.000
TRAFIGURA* 25KB AT $81.05 (04:29:23) WTS (1st month) PCACK00 77.18–77.20 77.190 +0.620 AAGWB00 0.34/0.36 0.350 0.000
PLATTS DUBAI: APR24: UNIPEC SELLS TO MITSUI* WTI MEH AAYRG00 78.890 +0.670 AAYRH00 2.050 +0.050
Bonito 77.13–77.15 77.140 +0.120 0.29/0.31 0.300 -0.500
25KB AT $81.05 (04:29:23) PCAIE00 AAGWF00
SGC AASOI00 76.98–77.00 76.990 +0.120 AASOJ00 0.14/0.16 0.150 -0.500
PLATTS DUBAI: APR24: VITOL SELLS TO Poseidon AABHK00 76.38–76.40 76.390 +0.120 AAGWL00 -0.46/-0.44 -0.450 -0.500
PETROCHINA* 25KB AT $81.05 (04:29:25) LLS (1st month) PCABN00 79.63–79.65 79.640 +0.620 AAGWN00 2.79/2.81 2.800 0.000
HLS (1st month) PCABD00 79.13–79.15 79.140 +0.620 AAGWP00 2.29/2.31 2.300 0.000
PLATTS DUBAI: APR24: UNIPEC SELLS TO MITSUI* Wyoming Sweet PCACM00 74.63–74.65 74.640 +0.520 AAGWR00 -2.21/-2.19 -2.200 -0.100
25KB AT $81.05 (04:29:25) Thunder Horse AAWZK00 78.93–78.95 78.940 +0.120 AAWZL00 2.09/2.11 2.100 -0.500

PLATTS DUBAI: APR24: MITSUI BUYS FROM VITOL* US spot crude assessments (continued)
Spread vs 2nd line WTI
25KB AT $81.05 (04:29:27)
WTI MEH (2nd month) AAXXE00 78.570 +0.480 AAYYA00 1.800 -0.100
PLATTS DUBAI: APR24: VITOL SELLS TO WTI Midland (2nd month) AAYZA00 78.270 +0.530 AAXXF00 1.500 -0.050
PETROCHINA* 25KB AT $81.05 (04:29:30) WTS (2nd month) AAURG00 76.81–76.83 76.820 +0.430 AAURH00 0.04/0.06 0.050 -0.150
LLS (2nd month) AAURC00 79.46–79.48 79.470 +0.580 AAURD00 2.69/2.71 2.700 0.000
PLATTS DUBAI: APR24: UNIPEC SELLS TO HLS (2nd month) AAURE00 78.96–78.98 78.970 +0.580 AAURF00 2.19/2.21 2.200 0.000
TRAFIGURA* 25KB AT $81.05 (04:29:32) Spread vs NYMEX WTI CMA
PLATTS DUBAI: APR24: VITOL SELLS TO MITSUI* WCS ex-Cushing AAWTY00 69.41–69.43 69.420 +0.670 AAWTZ00 -7.31/-7.29 -7.300 +0.100
WCS ex-Nederland AAYAY00 70.420 +0.670 AAYAX00 -6.300 +0.100
25KB AT $81.05 (04:29:33) Bakken Williston AAXPP00 74.070 +0.670 AASRX00 -2.650 +0.100
PLATTS DUBAI: APR24: GUNVOR SELLS TO Bakken Guernsey AASRR00 74.61–74.63 74.620 +0.470 AASRV00 -2.11/-2.09 -2.100 -0.100
Bakken Clearbrook AASRU00 73.76–73.78 73.770 +0.520 AASRW00 -2.96/-2.94 -2.950 -0.050
PETROCHINA* 25KB AT $81.05 (04:29:33) Bakken USGC Pipe ABAKA00 78.520 +0.670 ABAKB00 1.800 +0.100
PLATTS DUBAI: APR24: RELIANCE SELLS TO FOB USGC FOB USGC Spread vs NYMEX WTI Strip
MITSUI* 25KB AT $81.05 (04:29:33) Platts AGS AGSAA00 79.560 +0.610 AGSAC00 2.820 +0.030
Bakken ABAKC00 79.560 +0.610 ABAKD00 2.820 +0.030
PLATTS DUBAI: APR24: TRAFIGURA BUYS FROM Eagle Ford Crude AAYAT00 78.560 +0.110 AAYAU00 1.820 -0.470
TOTAL* 25KB AT $81.05 (04:29:35) Eagle Ford Condensate AAYAR00 77.060 -0.890 AAYAS00 0.320 -1.470
PLATTS DUBAI: APR24: VITOL SELLS TO MITSUI* WTI AAYBA00 79.560 +0.610 AAYAZ00 2.820 +0.030
WTI FOB USGC vs WTI MEH (by decade)
25KB AT $81.05 (04:29:36) WTI FOB USGC First Decade ADECB00 79.590 +0.670 ADECD00 0.700 0.000
PLATTS DUBAI: APR24: CHEVRON SELLS TO WTI FOB USGC Second Decade ADECE00 79.540 +0.670 ADECG00 0.650 0.000
WTI FOB USGC Third Decade ADECH00 79.290 +0.470 ADECJ00 0.400 -0.200
PETROCHINA* 25KB AT $81.04 (04:29:36)
WTI FOB USGC Decades Average ADECA00 79.470 +0.600
PLATTS DUBAI: APR24: CHEVRON SELLS TO FOB USGC Spread vs Dated Brent Strip WTI FOB USGC vs Dated Brent Basis (by decade)
TRAFIGURA* 25KB AT $81.00 (04:29:37) Platts AGS AGSAB00 -3.020 +0.140 ADECC00 -2.600 +0.110
Bakken ABAKE00 -3.020 +0.140 ADECF00 -2.650 +0.110
PLATTS DUBAI: APR24: KOCH SELLS TO Eagle Ford Crude AEFCA00 -4.020 -0.360 ADECI00 -2.900 -0.090
TRAFIGURA* 25KB AT $81.05 (04:29:39) Eagle Ford Condensate AEFCB00 -5.520 -1.360
PLATTS DUBAI: APR24: VITOL SELLS TO MITSUI* WTI AWTUA00 -3.020 +0.140
Global Benchmarks at US Close WTI FOB USGC vs ICE Brent Basis (by decade)
25KB AT $81.05 (04:29:39) Americas Dated Brent AAQBF00 85.270–85.290 85.280 +0.390 ADECK00 -2.020 +0.150
PLATTS DUBAI: APR24: UNIPEC SELLS TO ADECL00 -2.070 +0.150
PETROCHINA* 25KB AT $81.05 (04:29:39) ADECM00 -2.320 -0.050
PLATTS DUBAI: APR24: GUNVOR SELLS TO MITSUI*

25KB AT $81.05 (04:29:40)
PETROCHINA* 25KB AT $81.04 (04:29:41) PLATTS DUBAI: APR24: MITSUI BUYS FROM VITOL* MITSUI* 25KB AT $81.05 (04:29:53)
PLATTS DUBAI: APR24: EXXONMOBIL SELLS TO 25KB AT $81.05 (04:29:48) PLATTS DUBAI: APR24: VITOL SELLS TO
TRAFIGURA* 25KB AT $81.00 (04:29:43) PLATTS DUBAI: APR24: MITSUI BUYS FROM PETROCHINA* 25KB AT $81.05 (04:29:55)
PLATTS DUBAI: APR24: MITSUI BUYS FROM VITOL* EXXONMOBIL* 25KB AT $81.05 (04:29:50) PLATTS DUBAI: APR24: GUNVOR SELLS TO MITSUI*
25KB AT $81.05 (04:29:44) PLATTS DUBAI: APR24: MITSUI BUYS FROM TOTAL* 25KB AT $81.05 (04:29:57)
PLATTS DUBAI: APR24: PETROCHINA BUYS FROM 25KB AT $81.05 (04:29:51) PLATTS DUBAI: APR24: UNIPEC SELLS TO MITSUI*
TOTAL* 25KB AT $81.05 (04:29:45) PLATTS DUBAI: APR24: UNIPEC SELLS TO 25KB AT $81.05 (04:29:58)
PLATTS DUBAI: APR24: MITSUI BUYS FROM PETROCHINA* 25KB AT $81.04 (04:29:52) PLATTS DUBAI: APR24: TOTAL SELLS TO
EXXONMOBIL* 25KB AT $81.05 (04:29:45) PLATTS DUBAI: APR24: TRAFIGURA BUYS FROM TRAFIGURA* 25KB AT $81.05 (04:29:58)
PLATTS DUBAI: APR24: UNIPEC SELLS TO VITOL* 25KB AT $81.05 (04:29:53) PLATTS DUBAI: APR24: UNIPEC SELLS TO
PETROCHINA* 25KB AT $81.04 (04:29:46) PLATTS DUBAI: APR24: EXXONMOBIL SELLS TO PETROCHINA* 25KB AT $81.04 (04:29:59)

PLATTS DUBAI: APR24: MITSUI BUYS FROM US domestic crude assessments London close ($/barrel) (PGA page 1240)
Spread to
HENGLI* 25KB AT $81.05 (04:30:00)
Mid Change NYMEX light sweet crude Mid Change
PLATTS DUBAI: APR24: PETROCHINA BUYS FROM WTI (Mar) AAQAR00 76.34–76.36 76.350 +0.550 AAQAS00 -0.01/0.01 0.000 0.000
WTI (Apr) AAQAT00 76.26–76.28 76.270 +0.450 AAQAU00 -0.01/0.01 0.000 0.000
EXXONMOBIL* 25KB AT $81.05 (04:30:00) WTI (May) AAQAV00 76.12–76.14 76.130 +0.390 AAQAW00 -0.01/0.01 0.000 0.000
PLATTS DUBAI: APR24: EXXONMOBIL SELLS TO Spread to
PETROCHINA* 25KB AT $81.04 (04:30:04) same-month cash WTI Mid Change
WTI MEH (Mar) AAYRZ00 78.300 +0.650 AAYTA00 1.950 +0.100
This assessment commentary applies to the WTI MEH (Apr) AAXYD00 78.070 +0.550 AAYWA00 1.800 +0.100
LLS (Mar) 79.14–79.16 79.150 +0.550 2.79/2.81 2.800 0.000
following market data codes: Dubai M1 <PCAAT00>, AAQBB00 AAQBC00
LLS (Apr) AAQBD00 78.96–78.98 78.970 +0.450 AAQBE00 2.69/2.71 2.700 0.000
Oman M1 <PCABS00> MARS (Mar) AAQAX00 76.59–76.61 76.600 +0.200 AAQAY00 0.24/0.26 0.250 -0.350
MARS (Apr) AAQAZ00 76.31–76.33 76.320 +0.050 AAQBA00 0.04/0.06 0.050 -0.400
Platts Dubai Derivatives Bids Summary
BIDS ON CLOSE
——————————
Americas close ($/barrel) (PGA page 210)
NO BIDS REPORTED
Mid Change
WITHDRAWALS Americas Dated Brent AAQBF00 85.27–85.29 85.280 +0.390
—————————— Americas Dated Brent reflects market value for Dated Brent at 2:30pm Eastern Time.
NO WITHDRAWALS REPORTED
Platts’ End-of-Day assessments for Dubai
derivatives prices can be found on PPA2606.
Platts Oil Paper Bids, Offers and Trade Page Index US crude assessments Singapore close ($/barrel) (PGA page 2208)
found on <PGA4000> Mid Change
Platts has defined standards for entities it LOOP Sour (Mar) AAZDA00 76.710 +2.120
LOOP Sour (Apr) AAZDB00 76.520 +1.810
considers to be related and verifies through a variety of LLS (Mar) AAZDC00 79.010 +2.270
inputs whether counterparties in reported trades meet LLS (Apr) AAZDD00 78.870 +2.160
Southern Green Canyon AAZDE00 76.860 +2.120
these criteria. WTI MEH (Mar) AAZDF00 78.210 +2.270
WTI MEH (Apr) AAZDG00 78.070 +2.210
Platts Dubai Derivatives Offers Summary
OFFERS ON CLOSE
—————————— CFR North Asia Assessments Singapore Close ($/barrel) (PGA page 2202)
NO OFFERS REPORTED Mid Change
WITHDRAWALS Dubai CFR North Asia PCAQA00 83.150 +1.740
—————————— Oman CFR North Asia PCAQJ00 83.140 +1.750
Upper Zakum CFR North Asia PCAQB00 83.100 +1.740
NO WITHDRAWALS REPORTED Qatar Marine CFR North Asia PCAQC00 81.880 +1.730
Platts’ End-of-Day assessments for Dubai Murban CFR North Asia PCAQE00 83.030 +1.740
Basrah Medium CFR North Asia BASNA00 81.330 +1.580
derivatives prices can be found on PPA2606. ESPO CFR North Asia PCAQD00 79.250 +1.490
Platts Oil Paper Bids, Offers and Trade Page Index Forties CFR North Asia PCAQF00 88.720 +2.665
Dalia CFR North Asia PCAQG00 84.180 +2.270
found on <PGA4000> WTI MEH CFR North Asia PCAQH00 84.010 +2.270
Platts has defined standards for entities it LOOP Sour CFR North Asia PCAQI00 81.280 +2.120

considers to be related and verifies through a variety of Canadian spot crude cargo assessments ($/barrel) (PGA page 230)
inputs whether counterparties in reported trades meet
Hebron AHEBA00 77.805 +0.365 AHEBC00 -3.550 0.000
these criteria. Terra Nova AAJUH00 77.19–77.22 77.205 +0.365 AAJUJ00 -4.16/-4.14 -4.150 0.000
Hibernia AAJKK00 80.99–81.02 81.005 +0.365 AAJKM00 -0.36/-0.34 -0.350 0.000
White Rose AAVJX00 81.84–81.87 81.855 +0.365 AAVJY00 0.49/0.51 0.500 0.000
Platts Dubai Derivatives Trades Summary The published spreads for Canadian cargo assessments reflect the market value at which these grades are trading versus Dated Brent around loading time. The
spreads and fixed price assessments reflect a typical forward loading window of 33-63 days forward. For further explanation see www.platts.com.
TRADES SUMMARY Canadian spot crude assessments ($/barrel) (PGA page 230)
—————————— Mid Change Spread vs Canada basis Mid Change
NO TRADES REPORTED Lloyd Blend AALRK00 58.21–58.23 58.220 +1.120 AALRP00 -18.51/-18.49 -18.500 +0.550
Mixed Sweet AALRR00 69.21–69.23 69.220 +1.470 AALRV00 -7.51/-7.49 -7.500 +0.900
Platts’ End-of-Day assessments for Dubai Light Sour Blend AALRX00 71.36–71.38 71.370 +1.020 AALSD00 -5.36/-5.34 -5.350 +0.450
derivatives prices can be found on PPA2606. Midale AAUCC00 67.11–67.13 67.120 +1.020 AAUCE00 -9.61/-9.59 -9.600 +0.450
Condensates AALSF00 72.26–72.28 72.270 +0.570 AALSJ00 -4.46/-4.44 -4.450 0.000
Platts Oil Paper Bids, Offers and Trade Page Index Syncrude Sweet Prem. AASOK00 72.71–72.73 72.720 +1.470 AASOM00 -4.01/-3.99 -4.000 +0.900
found on <PGA4000> WCS Hardisty AAPPN00 57.51–57.53 57.520 +1.120 AAPPP00 -19.21/-19.19 -19.200 +0.550
Cold Lake Hardisty AASZX00 57.36–57.38 57.370 +1.120 AASZZ00 -19.36/-19.34 -19.350 +0.550
Platts has defined standards for entities it WTI CMA (1st mo) AAVSN00 76.720 +0.570
considers to be related and verifies through a variety of
Latin American assessments ($/barrel) (PGA page 280)
inputs whether counterparties in reported trades meet
Diff to Diff to Futures Diff to Dated
these criteria. Mid Change WTI strip Brent strip Brent strip
Escalante PCAGC00 80.32–80.37 80.345 +0.515 PCAGO00 3.645 AAXBS00 -1.100 AAXAX00 -1.605
Medanito AMTOA00 77.945 +0.515 AMTOC00 1.245 AMTOB00 -3.500 AMTOD00 -4.005
Platts Dubai Derivatives Exclusions Loreto PCAGH00 72.73–72.77 72.750 +0.525 PCAGQ00 -3.950 AAXBV00 -8.695 AAXBG00 -9.200
Oriente PCADE00 73.63–73.67 73.650 +0.525 PCAGU00 -3.050 AAXBW00 -7.795 AAXBH00 -8.300
Napo AAMCA00 66.78–66.82 66.800 +0.725 AAMCD00 -9.900 AAXBX00 -14.645 AAXBI00 -15.150
Exclusions: No market data was excluded from the Tupi ATUPA00 81.195 +0.565 ATUPC00 4.495 ATUPB00 -0.250 ATUPD00 -0.755
Feb. 9, 2024 Dubai derivatives assessment process. Marlim AAITF00 75.07–75.12 75.095 +0.715 AAITL00 -1.605 AAXBY00 -6.350 AAXBJ00 -6.855
Castilla Blend AAVEQ00 72.22–72.27 72.245 +0.715 AAVEQ01 -4.455 AAXBZ00 -9.200 AAXBK00 -9.705
Vasconia PCAGI00 76.42–76.47 76.445 +0.315 PCAGR00 -0.255 AAXCB00 -5.000 AAXBN00 -5.505
Platts Asia Pacific Sweet Crude Daily Liza
Unity Gold
ALIZA00
AUNIA00
80.850 +0.555
81.000 +0.555
ALIZD00
AUNIC00
4.150
4.300
ALIZC00 -0.595
AUNIB00 -0.445
ALIZB00 -1.100
AUNID00 -0.950
Market Analysis Payara Gold AYARA00 80.850 +0.555 AYARD00 4.150 AYARC00 -0.595 AYARB00 -1.100
Latin America WTI strip AAXBP00 76.700
Latin America Futures Brent strip AAXBQ00 81.445
Qatar offers low sulfur condensate for April
Latin America Dated Brent strip AAXBR00 81.950
Prolonged outage at Ust-Luga dampens
Latin America market parity prices ($/barrel) (PGA page 270)
condensate market sentiment
Mid Change
Views on the high sulfur condensate in Asia were Maya AAYMP00 72.909 +0.664
mixed, with no pre-tender trades for Qatari low sulfur Merey 16 AMERA00 72.192 +0.708
condensate and deodorized field condensate heard as

Platts euro-denominated assessments (€/barrel) (PGA page 1252)
of Feb. 9 to provide further market direction. Mid Change
To date, QatarEnergy issued its regular monthly
European crude oil benchmarks
tender offering an unspecified volume of low sulfur Dated Brent AAPYR00 78.590–78.610 78.596 +0.110
condensate for April loading in a tender closing Feb. 14, Dated Brent (CIF) PCAKN00 79.713 +0.088
Urals (Mediterranean) AAPYS00 66.090–66.130 66.113 +0.230
with next-day validity. US crude oil benchmarks
One trader expected more Qatari deodorized field WTI (Mar) AAPYT00 70.800–70.820 70.806 +0.380
WTI MEH (Mar) AAYSA00 72.614 +0.469
condensate to be available for April loading, which Mars (Mar) AAPYU00 71.030–71.050 71.038 +0.054
would lend downward pressure to the market. Another Euro/US$ forex rate: 1.0783. Platts Euro denominated crude oil assessments are based on market values and a Euro/US$ forex rate at 4:30 PM local London time.
trader, however, saw QatarEnergy’s recent agreement

to supply up to 11 million b/year of condensate over 10 Ruble-denominated Russian assessments (Rb/barrel) (PGA page 1224)
Mid Change
years to a subsidiary of Japan’s Mitsui & Co., starting
Russian crude oil benchmarks
in April, to potentially result in lesser spot supply — Urals FOB Novorossiysk AAUJP00 6003.340–6006.990 6005.165 +42.890
lending support to the market. Urals FOB Baltic AAUJQ00 6003.340–6006.990 6005.165 +42.890
Urals FOB Novorossiysk 80kt AAUJR00 5966.790–5970.440 5968.615 +42.840
“Qatari spot volumes probably won’t be that much. Urals CIF Mediterranean AAUJS00 6512.300–6515.950 6514.124 +43.586
As already, DFC is [less], term buyers would want Urals CIF Rotterdam AAUJT00 6328.630–6331.370 6330.003 +51.547
more. [Availabilities] may be limited to low sulfur US$/Ruble forex rate: 91.3750. Platts Ruble denominated crude oil assessments are based on market values and a US$/Ruble forex rate at 4:30 PM local London
time.
condensate... but there is no shortage of buyers,” a
trader said. Platts CAD-denominated Canada spot crude assessments (C$/cu m) (PGA page 232)
On sweet condensate grades, prospects of Mid Change
an increase in Russian condensate availabilities Lloyd Blend AALRM00 492.636–492.805 492.720 +9.413
Mixed Sweet AALRT00 585.730–585.899 585.814 +12.363
are starting to exert more downward pressure on Light Sour Blend AALRZ00 603.925–604.095 604.010 +8.552
cash differentials for Australia’s North West Shelf Midale AAUCD00 567.957–568.126 568.042 +8.557
Condensates AALSH00 611.542–611.711 611.627 +4.743
condensate grade, trade sources said Feb. 7-8. Syncrude Sweet AASOL00 615.350–615.520 615.435 +12.360
Traders valued April-loading NWS condensate at WCS Hardisty AAPPO00 486.712–486.881 486.796 +9.414
Cold Lake Hardisty AASZY00 485.442–485.611 485.527 +9.415
discounts in the $5s-$6s/b against Platts Dated Brent
on an FOB basis, and at as low as near-$7/b discounts,
amid increasingly bearish sentiment on possibly more Daily US$ vs EURO exchange rate (PGA page 1151)
Russian condensate availabilities — displacing demand Mid Change
February 9, 2024 AAFCW00 1.0783 +0.002
for more conventional grades particularly to China.
This was despite a recent recovery in Asian naphtha
cracks. The Platts-assessed second-month naphtha Asia close Brent and WTI spot assessments ($/barrel) (PGA page 2210)
swap crack versus Dubai crude swaps averaged Mid Change
Brent (Apr) PCAJG00 81.67–81.71 81.690 +2.030
minus $11.45/b as of the Asian close Feb. 8, down Brent (May) PCAJI00 81.06–81.10 81.080 +1.750
from the January average of minus $8.90/b, S&P Brent (Jun) PCAJ000 80.560 +1.550
WTI (Mar) AAFFU00 76.19–76.23 76.210 +2.120
Global Commodity Insights data showed. But cracks WTI (Apr) AAFFW00 76.15–76.19 76.170 +2.010
have improved from minus $12.51/b at the start of the WTI (May) AAFFY00 75.98–76.02 76.000 +1.830
month, to minus $10.68/b Feb. 8.
The spike in Russian condensate supply was mainly
triggered by an ongoing outage at Novatek’s Ust-Luga Oman OSPs and derivatives ($/barrel) (PGA pages 2658 & 2210)
condensate processing facility following a suspected Mid Change
Oman/Dubai Swap (Mar) AAIHJ00 -0.02/0.02 0.000 0.000
Ukrainian drone attack on Jan. 21. Repairs are likely to Oman/Dubai Swap (Apr) AAIHL00 -0.02/0.02 0.000 0.000
take up to two months, S&P Global reported previously. Oman/Dubai Swap (May) AAIHN00 -0.02/0.02 0.000 0.000
Oman Swap (Mar) AAHZP00 80.48–80.52 80.500 +1.570
An estimated 3-4 Aframax condensate cargoes Oman Swap (Apr) AAHZR00 79.95–79.99 79.970 +1.490
were said to have been last offered at fixed prices Oman Swap (May) AAHZT00 79.44–79.48 79.460 +1.400
in the $60s/b for prompt March, according to a
trade source. It was unclear if these cargoes have
been placed. Daily OPEC Basket Price ($/barrel) (PGA page 207)
Another trade source who expected April-loading Mid Change
NWS condensate cargoes to start trading at levels February 8, 2024 AAEUQ00 80.150 +1.290

similar to the March cycle, remained bearish on slower Futures Settlements

Settlement Change Low High Volume* Open interest PNT****
Chinese demand, likely due to a combination of weaker
NYMEX Light Sweet crude ($/barrel) (PGA page 705)
petrochemical margins and a slow down in the Chinese Mar 24 NMCL001 76.84 +0.62 75.93 77.29 268341 238999
economy. Apr 24 NMCL002 76.77 +0.58 75.88 77.17 153444 280984
NWS was last heard traded at discounts equivalent May 24 NMCL003 76.61 +0.57 75.73 76.95 80662 172731
Jun 24 NMCL004 76.35 +0.57 75.46 76.62 63158 176713
to $7s/b to Dated Brent, FOB basis, for March loading. Total NMCL000 687783 XNCLP00 26343
Pluto condensate, which typically commands a slight ICE Brent ($/barrel) (PGA page 704)
premium of 10-20 cents/b over NWS, last traded at a Apr 24 ICLL001 82.19 +0.56 81.21 82.45 353493 520213
discount of around $8/b to Dated Brent, FOB basis, for May 24 ICLL002 81.61 +0.53 80.63 81.81 264909 399799
Jun 24 ICLL003 81.11 +0.54 80.14 81.28 199323 250594
March loading. Jul 24 ICLL004 80.66 +0.57 79.70 80.80 73470 118703
On Brazilian Tupi crude grade, May-delivery was Total ICLL000 1086722 XILLP00 35906
said to have been sold into Asia at a premium of $3/b ICE WTI ($/barrel) (PGA page 704)
Mar 24 ICIC001 76.84 +0.62 75.94 77.29 46962 61761
to April Dated Brent on a delivered basis. The regional
Apr 24 ICIC002 76.77 +0.58 75.90 77.17 78016 99903
sweet crude market is similarly seen coming under May 24 ICIC003 76.61 +0.57 75.74 76.93 66930 67391
pressure on higher volumes of arbitrage cargoes — Jun 24 ICIC004 76.35 +0.57 75.45 76.60 55207 101734
Total ICIC000 286166 XIICP00 12444
particularly from the US — pointed to Asia.
ICE BWAVE ($/barrel) (PGA page 704)
Platts is part of S&P Global Commodity Insights.
BWAVE data refer to previous day.
Apr 24 XIBW001 80.60
Platts Asia Light Sweet Crude Daily Rationale & May 24 XIBW002 80.10
Exclusions DME Oman crude ($/barrel)** (PGA pages 702 & 2710)
Apr 24 XDOA001 81.03 +1.72 1700
ESPO FOB Kozmino Mo01 Spore vs Dubai Mo01
Apr 24 DMOQ001 81.56 +0.34 80.98 81.56 1718 7871
<AASEU00> assessment rationale: The ESPO M1 April May 24 DMOQ002 80.98 +0.31 80.98 80.98 900 12
assessment Feb. 9 took into consideration latest trade Jun 24 DMOQ003 80.48 +0.23 80.48 80.48 900 0
Jul 24 DMOQ004 80.09 +0.14 80.09 80.09 0 0
indications heard in the broader market.
Total Volume DMOQ000 6512 XDOQP00 94
Exclusions: No data was excluded from the IFAD Murban crude ($/barrel) (PGA page 703)
Asia-Pacific regional crude Platts Market on Close Apr 24 AMIFA00 81.000
assessment process from S&P Global Commodity Murban vs Dubai*** AMIFB00 1.030
NYMEX ULSD ($/gal) (PGA page 705)
Insights.
Mar 24 NMHO001 2.9642 +0.0734 2.8758 2.9735 67181 104475
Apr 24 NMHO002 2.8713 +0.0566 2.7989 2.8814 62702 63674
Platts Asia Light Sweet Crude Bids, Offers, May 24 NMHO003 2.7697 +0.0450 2.7098 2.7784 40952 49908
Trades Jun 24 NMHO004 2.6921 +0.0367 2.6420 2.6965 30770 45023
Total NMHO000 232257 XNHOP00 5512
NYMEX RBOB unleaded gasoline ($/gal) (PGA page 705)
Bids: Mar 24 NMRB001 2.3395 -0.0025 2.3245 2.3615 44626 86959
NIL Apr 24 NMRB002 2.5687 +0.0111 2.5438 2.5778 49881 75910
May 24 NMRB003 2.5631 +0.0114 2.5368 2.5716 24833 56340
Offers:
Jun 24 NMRB004 2.5291 +0.0093 2.5042 2.5384 18078 42003
NIL Total Volume NMRB000 161523 XNRBP00 9512
Trades: NYMEX Natural Gas ($/MMBtu) (PGA page 705)
NIL Mar 24 NMNG001 1.847 -0.070 1.817 1.885 194944 316105
Apr 24 NMNG002 1.885 -0.063 1.852 1.921 124927 188651
This assessment commentary applies to the following May 24 NMNG003 1.992 -0.057 1.956 2.021 88863 177355
market data code: ESPO M1 vs Dubai M2 <AASEU00> Jun 24 NMNG004 2.165 -0.047 2.126 2.185 28390 67726
Total Volume NMNG000 583740 XNNGP00 10045

Platts North Sea Crude Daily Market Futures Settlements (continued)

Analysis Settlement
ICE low sulfur gasoil ($/mt) (PGA page 704)
Change Low High Volume* Open interest PNT****
Feb 24 ICLO001 918.25 +31.50 885.50 932.50 43440 19998

Low production defers several March Mar 24 ICLO002 882.00 +21.25 862.75 891.00 156894 178308
Ekofisk cargoes Apr 24 ICLO003 852.50 +18.75 835.25 859.75 109182 116393
May 24 ICLO004 828.00 +16.00 812.75 833.75 58493 76245
Brent CFD backwardation at near four month highs Total Volume ICLO000 504125 XILOP00 8969
The light sweet North Sea crude market ended the ICE Midland WTI American Gulf Coast ($/barrel) (PGA page 704)
week underpinned by robust fundamentals as healthy Mar 24 IHOU001 78.90 +0.62 78.12 79.39 4226 5704
Apr 24 IHOU002 78.61 +0.59 77.73 78.92 2361 6933
demand chased a relatively thin pool of available
May 24 IHOU003 78.40 +0.57 77.52 78.63 1538 5536
cargoes, sources said Feb. 9. Jun 24 IHOU004 78.11 +0.56 78.11 78.11 1373 4169
Deferrals to 11 North Sea Ekofisk cargoes of *Volume, open interest and PNT reflect prior trading day. PNT reflect volume for Privately Negotiated Trades or off-exchange. **Oman settlements are Post Close
settlements. ***IFAD Murban spread to 1st Line (Apr 24) Platts Dubai crude futures. ****Privately Negotiated Trade values found on PGA page 710
between 1-4 days across February and March loading
compounded some of the tightness in prompt sweets.
The cargoes were deferred because of a sustained
period of lower than expected production, according
to a copy of the revised program seen by S&P Global Futures at Platts’ Market on Close ($/barrel) (PGA page 703)
Commodity Insights. Singapore* London* Houston* Singapore* London* Houston*
ICE Brent NYMEX WTI
In the Brent CFD market, backwardation continued
Apr XILLA01 81.58 AAYES00 81.66 AAQBG00 82.19 M1 XNCLA01 76.21 AASCR00 76.35 NYCRM01 76.82
to steepen through the day, reaching its strongest May XILLA02 80.96 AAYET00 81.10 AAQBH00 81.61 M2 XNCLA02 76.17 AASCS00 76.27 NYCRM02 76.76
since Oct. 20, reflecting the tight market as strength Jun AAXZY00 80.62 AAXZZ00 81.11 M3 NYCRM03 76.60
across the sweet complex showed few signs of easing. Jul AAYAM00 80.18 AAYAL00 80.66 M4 NYCRM04 76.34
Oman *Singapore and London MOC close at precisely 16:30 local time while Houston
Some sources have cited spring refinery MOC closes at precisely 13:30 local time. MOC times are usually earlier on the
Apr XDOA001 81.03
maintenance as a possible headwind for European Volume XDOAV01 1700 day preceding major local holidays.
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Reported spot cash transactions (PGA page 3)

Trans. Date
Cargo / Cargo Load CFD Roll Crude Grade(s) Reported Outright / Basis Barrels Seller Buyer
Spread Dates Range / Week Status Diff. Price
CFD Week ($/barrel)
Platts Americas
02/09/2024 March Bakken Clearbrook Heard -2.95 NYMEX WTI CMA
02/09/2024 March Bakken Guernsey Heard -2.10 NYMEX WTI CMA
02/09/2024 March Bakken Guernsey Heard -2.00 NYMEX WTI CMA
02/09/2024 March Bakken Patoka Heard 1.80 NYMEX WTI CMA
02/09/2024 March Mars Heard 0.25 Cash WTI
02/09/2024 March Mixed Sweet (MSW) Edmonton Heard -7.40 NYMEX WTI CMA
02/09/2024 March WCS Hardisty Heard -19.20 NYMEX WTI CMA
02/09/2024 March WTI MEH Heard 2.05 Cash WTI
02/09/2024 March WTI Midland Heard 1.75 Cash WTI
Platts Asia
2/9/2024 April Dubai Partial Done 81.00 25,000 TotalEnergies PetroChina
2/9/2024 April Dubai Partial Done 81.05 25,000 Vitol Mitsui
2/9/2024 April Dubai Partial Done 81.05 25,000 Vitol PetroChina
2/9/2024 April Dubai Partial Done 81.05 25,000 Chevron Mitsui
2/9/2024 April Dubai Partial Done 81.04 25,000 Unipec PetroChina
2/9/2024 April Dubai Partial Done 81.05 25,000 TotalEnergies Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 TotalEnergies Mitsui
2/9/2024 April Dubai Partial Done 81.05 25,000 Reliance Mitsui
2/9/2024 April Dubai Partial Done 81.05 25,000 Vitol Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 Unipec Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 Glencore Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 ExxonMobil Mitsui
2/9/2024 April Dubai Partial Done 81.05 25,000 Gunvor Mitsui
2/9/2024 April Dubai Partial Done 81.04 25,000 Gunvor PetroChina
2/9/2024 April Dubai Partial Done 81.00 25,000 Reliance PetroChina
2/9/2024 April Dubai Partial Done 81.05 25,000 Unipec Mitsui
2/9/2024 April Dubai Partial Done 81.04 25,000 Chevron PetroChina
2/9/2024 April Dubai Partial Done 81.05 25,000 Vitol Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 Bp Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 Reliance Mitsui


Trans. Date
CFD Week ($/barrel)

2/9/2024 April Dubai Partial Done 81.05 25,000 Koch Trafigura
2/9/2024 April Dubai Partial Done 81.04 25,000 ExxonMobil PetroChina
2/9/2024 April Dubai Partial Done 81.00 25,000 ExxonMobil Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 Phillips 66 Mitsui
2/9/2024 April Dubai Partial Done 81.05 25,000 Koch Mitsui
2/9/2024 April Dubai Partial Done 81.00 25,000 Chevron Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 Chevron Mitsui
2/9/2024 April Dubai Partial Done 81.05 25,000 Koch Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 Gunvor Trafigura
2/9/2024 April Dubai Partial Done 81.05 25,000 ExxonMobil PetroChina
2/9/2024 April Dubai Partial Done 81.05 25,000 ExxonMobil Equinor
2/9/2024 April Dubai Partial Done 81.05 25,000 Koch Mitsui
2/9/2024 April Dubai Partial Done 81.00 25,000 TotalEnergies Equinor
2/9/2024 April Dubai Partial Done 81.05 25,000 Hengli Mitsui
2/9/2024 April Dubai Partial Done 80.95 25,000 Bp Mitsui
2/9/2024 April Dubai Partial Done 81.00 25,000 Glencore PetroChina


Trans. Date
CFD Week ($/barrel)
2/9/2024 April Dubai Partial Done 81.05 25,000 ExxonMobil Trafigura

2/9/2024 April Dubai Partial Done 81.05 25,000 Glencore Mitsui
2/9/2024 April Dubai Partial Done 81.05 25,000 Bp PetroChina
2/9/2024 April Murban Done 500,000 Vitol PetroChina
2/9/2024 April Murban Done 500,000 TotalEnergies PetroChina
2/9/2024 April Murban Done 500,000 Unipec Trafigura
2/9/2024 April Oman Done 500,000 ExxonMobil Mitsui
Platts EMEA
02/09/2024 February 19 23 Azeri Light Done 3.95 Dated Brent 650000 Socar Glencore
02/09/2024 February 19 23 Brent CFD Done 1.79 Cash BFOE Apr 100000 Dare Global TotalEnergies
02/09/2024 March 4 8 Brent CFD Done 0.9 Cash BFOE May 100000 Chevron TotalEnergies
02/09/2024 March 4 8 Brent CFD Done 0.89 Cash BFOE May 100000 BP TotalEnergies
02/09/2024 February 19 23 Brent CFD Done 1.82 Cash BFOE Apr 100000 Dare Global Mercuria
02/09/2024 February 26 1 Brent CFD Done 1.53 Cash BFOE May 100000 DV Trading Gunvor
02/09/2024 March 11 15 Brent CFD Done 0.5 Cash BFOE May 100000 BP Onyx
02/09/2024 February 19 23 Brent CFD Done 1.8 Cash BFOE Apr 100000 P66 Gunvor
02/09/2024 February 19 23 Brent CFD Done 1.8 Cash BFOE Apr 100000 Chevron PetroChina
02/09/2024 February 26 1 Brent CFD Done 1.51 Cash BFOE May 100000 DV Trading PetroChina
02/09/2024 March 4 8 Brent CFD Done 0.92 Cash BFOE May 100000 Dare Global TotalEnergies
02/09/2024 March 4 8 Brent CFD Done 0.9 Cash BFOE May 100000 Dare Global TotalEnergies
02/09/2024 February 26 1 Brent CFD Done 1.53 Cash BFOE May 100000 Glencore Gunvor
02/09/2024 February 26 1 Brent CFD Done 1.51 Cash BFOE May 100000 BP Gunvor
02/09/2024 February 12 16 Brent CFD Done 2.4 Cash BFOE Apr 100000 Vitol Mercuria
02/09/2024 February 19 23 Brent CFD Done 1.8 Cash BFOE Apr 100000 DV Trading Mercuria
02/09/2024 February 19 23 Brent CFD Done 1.8 Cash BFOE Apr 100000 Chevron Unipec
02/09/2024 February 26 1 Brent CFD Done 1.54 Cash BFOE May 100000 BP TotalEnergies
02/09/2024 February 26 1 Brent CFD Done 1.51 Cash BFOE May 100000 BP PetroChina
02/09/2024 February 26 1 Brent CFD Done 1.51 Cash BFOE May 100000 BP TotalEnergies
02/09/2024 February 19 23 Brent CFD Done 1.75 Cash BFOE Apr 100000 DV Trading Equinor
02/09/2024 February 19 23 Brent CFD Done 1.8 Cash BFOE Apr 100000 P66 Onyx
02/09/2024 February 26 1 Brent CFD Done 1.53 Cash BFOE May 100000 Glencore TotalEnergies
02/09/2024 February 26 1 Brent CFD Done 1.55 Cash BFOE May 100000 BP Gunvor
02/09/2024 February 19 23 Brent CFD Done 1.82 Cash BFOE Apr 100000 DV Trading PetroChina
02/09/2024 February 26 1 Brent CFD Done 1.51 Cash BFOE May 100000 ENI TotalEnergies
02/09/2024 February 19 23 Brent CFD Done 1.85 Cash BFOE Apr 100000 P66 Mercuria
02/09/2024 February 19 23 Brent CFD Done 1.8 Cash BFOE Apr 100000 BP TotalEnergies
02/09/2024 February 19 23 Brent CFD Done 1.81 Cash BFOE Apr 100000 DV Trading PetroChina
02/09/2024 February 19 23 Brent CFD Done 1.82 Cash BFOE Apr 100000 Dare Global Gunvor
02/09/2024 February 19 23 Brent CFD Done 1.8 Cash BFOE Apr 100000 BP Mercuria
02/09/2024 February 19 23 Brent CFD Done 1.82 Cash BFOE Apr 100000 BP TotalEnergies
02/09/2024 February 26 1 Brent CFD Done 1.53 Cash BFOE May 100000 DV Trading TotalEnergies
02/09/2024 March 4 8 Brent CFD Done 0.9 Cash BFOE May 100000 BP Unipec
02/09/2024 April Cash BFOE Done 81.79 100000 Gunvor TotalEnergies


Trans. Date
CFD Week ($/barrel)
02/09/2024 April Cash BFOE Done 81.84 100000 Vitol Mercuria

02/09/2024 April Cash BFOE Done 81.84 100000 OMV Mercuria
02/09/2024 April Cash BFOE Done 81.84 100000 OMV Mercuria
02/09/2024 April Cash BFOE Done 81.79 100000 Vitol TotalEnergies
02/09/2024 April Cash BFOE Done 81.84 100000 PetroIneos Mercuria
02/09/2024 April Cash BFOE Done 81.81 100000 Vitol Unipec
02/09/2024 April Cash BFOE Done 81.82 100000 Chevron TotalEnergies
02/09/2024 March 9 13 WTI Midland Done 3.05 Dated Brent 700000 Chevron Gunvor
Please note that all deals that are stated as “Done” were reported and published through the Platts Market on Close assessment process. Deals that are stated as “Reported” were not reported through the MOC, and may reflect
transactions that were reported before or after the MOC process. Platts seeks to confirm non-MOC information to the fullest extent possible prior to publication.
differentials though current strength in refining Rotterdam assessment and a lower freight adjustment period in a shallower 3 cents/day contango structure,
cracks has partly offset that, particularly in the middle factor. CIF WTI Midland was assessed unchanged Feb. reflecting Johan Sverdrup structure previously
distillate complex. 21 to March. 7 reflecting values earlier demonstrated in demonstrated in the MOC and in the absence of
For sour grades, market participants eyed a the MOC. March. 7-10 was assessed in a 6.67 cents/day indications testing the Feb. 8 assessment.
cloudy outlook for Johan Sverdrup as European term backwardated structure using a traded offer March. 10- Exclusions: PLATTS CASH BFOE: APR24:
nominations for Middle Eastern crudes approached. 12. Forties was the most competitive grade in the Dated PETROINEOS OFFERS 100KB AT $81.84
Ongoing disruption to Red Sea voyages and steep Brent assessment Feb. 19-26 and March. 4-7. WTI Midland Platts is part of S&P Global Commodity Insights
backwardation in Dated Brent could prompt lower was the most competitive grade Feb. 27 to March 3 and
demand for leading Iraqi barrels such as Basrah March 8-11. Platts North Sea Dated Brent, BFOE, CFD
Medium, some sources said. BFOE (PCAAQ00-PCAAR00,PCARR00> assessment Bids, Offers, Trades
But in the Mediterranean, other traders expected rationale:
unchanged Saudi official selling prices for March to April Cash BFOE was assessed using a traded offer Bids:
support demand, “Saudi OSPs are a rollover. They in the MOC. May Cash BFOE was assessed using an NORTH SEA: None
look reasonable so nominations should be good,” one April/May EFP roll heard during the day. June Cash CASH BFOE: None
trader said. BFOE was assessed using a May/June EFP roll heard BRENT CFDS: PLATTS BRENT DIFF: FEB12-FEB16
during the day. (APR): MERCURIA BIDS 100KB AT $2.36
Platts North Sea Dated Brent, BFOE, CFD CFD (PCAKA00-AALDA00) assessment rationale: PLATTS BRENT DIFF: FEB12-FEB16 (APR): ONYX BIDS
Assessment Rationales & Exclusions Feb. 12-16 was assessed using a traded bid. Feb. 19- 100KB AT $2.35
Dated Brent <PCAAS00> assessment rationale: 23 was assessed using a traded bid and an outstanding PLATTS BRENT DIFF: FEB12-FEB16 (APR): UNIPEC
Of the six crudes in the Dated Brent basket, WTI bid and offer. Feb. 26 to March 1 was assessed using BIDS 100KB AT $2.35
Midland was seen in the Platts Market on Close multiple traded offers. March 4-8 was assessed using PLATTS BRENT DIFF: FEB12-FEB16 (APR):
assessment process. Brent, Forties Oseberg, Ekofisk multiple traded bids. March 11-15 was assessed using PETROCHINA BIDS 100KB AT $2.35
and Troll were assessed unchanged Feb. 19 to March 8 an outstanding bid. PLATTS BRENT DIFF: FEB12-FEB16 (APR): DV
with flat structures rolled over back-end dates reflecting Johan Sverdrup FOB North Sea (AJSVA00, TRADING BIDS 100KB AT $2.30
steady sweet market fundamentals and in the absence AJSVB00) assessment rationale: PLATTS BRENT DIFF: FEB19-FEB23 (APR): TOTAL
of indications testing the Feb. 8 assessments. FOB Johan Sverdrup was assessed 3.5 cents/b higher BIDS 100KB AT $1.78
WTI Midland was assessed lower reflecting a lower CIF across the 10-day to month-ahead assessment PLATTS BRENT DIFF: FEB19-FEB23 (APR): UNIPEC

BIDS 100KB AT $1.78 BIDS 100KB AT $1.50 PLATTS BRENT DIFF: MAR4-MAR8 (MAY):
PLATTS BRENT DIFF: FEB19-FEB23 (APR): PLATTS BRENT DIFF: FEB26-MAR1 (MAY): UNIPEC GLENCORE OFFERS 100KB AT $0.95
MERCURIA BIDS 100KB AT $1.76 BIDS 100KB AT $1.50 PLATTS BRENT DIFF: MAR4-MAR8 (MAY): BP
PLATTS BRENT DIFF: FEB19-FEB23 (APR): ONYX PLATTS BRENT DIFF: FEB26-MAR1 (MAY): OFFERS 100KB AT $1.00
BIDS 100KB AT $1.75 MERCURIA BIDS 100KB AT $1.45 PLATTS BRENT DIFF: MAR4-MAR8 (MAY): DV
PLATTS BRENT DIFF: FEB19-FEB23 (APR): DV PLATTS BRENT DIFF: FEB26-MAR1 (MAY): TRADING OFFERS 100KB AT $1.00
TRADING BIDS 100KB AT $1.65 FREEPOINT BIDS 100KB AT $1.40 PLATTS BRENT DIFF: MAR11-MAR15 (MAY):
PLATTS BRENT DIFF: MAR4-MAR8 (MAY): ONYX PLATTS BRENT DIFF: FEB26-MAR1 (MAY): CHEVRON CHEVRON OFFERS 100KB AT $0.54
BIDS 100KB AT $0.85 BIDS 100KB AT $1.35 PLATTS BRENT DIFF: MAR11-MAR15 (MAY): BP
PLATTS BRENT DIFF: MAR4-MAR8 (MAY): DV PLATTS BRENT DIFF: FEB26-MAR1 (MAY): DV OFFERS 100KB AT $0.55
TRADING BIDS 100KB AT $0.85 TRADING BIDS 100KB AT $1.35 PLATTS BRENT DIFF: MAR11-MAR15 (MAY):
PLATTS BRENT DIFF: MAR4-MAR8 (MAY): Offers: GLENCORE OFFERS 100KB AT $0.55
MERCURIA BIDS 100KB AT $0.85 NORTH SEA: None PLATTS BRENT DIFF: MAR11-MAR15 (MAY): DV
PLATTS BRENT DIFF: MAR4-MAR8 (MAY): UNIPEC CASH BFOE: None TRADING OFFERS 100KB AT $0.57
BIDS 100KB AT $0.85 BRENT CFDS: PLATTS BRENT DIFF: FEB12-FEB16 PLATTS BRENT DIFF: MAR11-MAR15 (MAY): DARE
PLATTS BRENT DIFF: MAR4-MAR8 (MAY): (APR): VITOL OFFERS 100KB AT $2.41 OFFERS 100KB AT $0.70
FREEPOINT BIDS 100KB AT $0.80 PLATTS BRENT DIFF: FEB12-FEB16 (APR): PETRACO PLATTS BRENT DIFF: MAR18-MAR22 (MAY):
PLATTS BRENT DIFF: MAR11-MAR15 (MAY): ONYX OFFERS 100KB AT $2.42 FREEPOINT OFFERS 100KB AT $0.20
BIDS 100KB AT $0.50 PLATTS BRENT DIFF: FEB12-FEB16 (APR): PHILLIPS PLATTS BRENT DIFF: MAR18-MAR22 (MAY):
PLATTS BRENT DIFF: MAR11-MAR15 (MAY): 66 OFFERS 100KB AT $2.45 CHEVRON OFFERS 100KB AT $0.25
MERCURIA BIDS 100KB AT $0.50 PLATTS BRENT DIFF: FEB12-FEB16 (APR): DV PLATTS BRENT DIFF: MAR18-MAR22 (MAY): DARE
PLATTS BRENT DIFF: MAR11-MAR15 (MAY): DARE TRADING OFFERS 100KB AT $2.51 OFFERS 100KB AT $0.30
BIDS 100KB AT $0.45 PLATTS BRENT DIFF: FEB12-FEB16 (APR): PLATTS BRENT DIFF: MAR18-MAR22 (MAY): DV
PLATTS BRENT DIFF: MAR11-MAR15 (MAY): DV GLENCORE OFFERS 100KB AT $2.60 TRADING OFFERS 100KB AT $0.30
TRADING BIDS 100KB AT $0.45 PLATTS BRENT DIFF: FEB19-FEB23 (APR): DV PLATTS BRENT DIFF: FEB26-MAR1 (MAY): BP
PLATTS BRENT DIFF: MAR11-MAR15 (MAY): PHILLIPS TRADING OFFERS 100KB AT $1.80 OFFERS 100KB AT $1.55
66 BIDS 100KB AT $0.45 PLATTS BRENT DIFF: FEB19-FEB23 (APR): PHILLIPS PLATTS BRENT DIFF: FEB26-MAR1 (MAY): PHILLIPS
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): DV 66 OFFERS 100KB AT $1.80 66 OFFERS 100KB AT $1.55
TRADING BIDS 100KB AT $0.05 PLATTS BRENT DIFF: FEB19-FEB23 (APR): CHEVRON PLATTS BRENT DIFF: FEB26-MAR1 (MAY): DARE
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): DARE OFFERS 100KB AT $1.80 OFFERS 100KB AT $1.65
BIDS 100KB AT $0.05 PLATTS BRENT DIFF: FEB19-FEB23 (APR): DARE PLATTS BRENT DIFF: FEB26-MAR1 (MAY): OCEAN
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): OFFERS 100KB AT $1.81 OFFERS 100KB AT $1.70
PHILLIPS 66 BIDS 100KB AT $0.05 PLATTS BRENT DIFF: FEB19-FEB23 (APR): Trades:
PLATTS BRENT DIFF: MAR18-MAR22 (MAY): GLENCORE OFFERS 100KB AT $1.82 NORTH SEA: CIF BASIS ROTTERDAM: PLATTS NSEA
MERCURIA BIDS 100KB AT $0.05 PLATTS BRENT DIFF: FEB19-FEB23 (APR): ONYX WTI MIDLAND: MARCH 9-13: GUNVOR BUYS FROM
PLATTS BRENT DIFF: FEB26-MAR1 (MAY): PETRACO OFFERS 100KB AT $1.95 CHEVRON* 700000.0B AT DTD $3.05 . . (16:21:00)
BIDS 100KB AT $1.51 PLATTS BRENT DIFF: MAR4-MAR8 (MAY): CHEVRON CASH BFOE: PLATTS CASH BFOE: APR24: VITOL
PLATTS BRENT DIFF: FEB26-MAR1 (MAY): GUNVOR OFFERS 100KB AT $0.90 SELLS TO UNIPEC* 100KB AT $81.81 (16:29:36)
BIDS 100KB AT $1.51 PLATTS BRENT DIFF: MAR4-MAR8 (MAY): PLATTS CASH BFOE: APR24: VITOL SELLS TO
PLATTS BRENT DIFF: FEB26-MAR1 (MAY): ONYX FREEPOINT OFFERS 100KB AT $0.92 MERCURIA* 100KB AT $81.84 (16:29:37)

PLATTS CASH BFOE: APR24: GUNVOR SELLS TO TRADING SELLS TO MERCURIA* 100KB AT $1.80 PLATTS BRENT DIFF: FEB26-MAR1 (MAY): ENI SELLS
TOTAL* 100KB AT $81.79 (16:29:38) (16:28:05) TO TOTAL* 100KB AT $1.51 (16:27:32)
PLATTS CASH BFOE: APR24: OMV SELLS TO PLATTS BRENT DIFF: FEB19-FEB23 (APR): DARE PLATTS BRENT DIFF: FEB26-MAR1 (MAY): BP SELLS
MERCURIA* 100KB AT $81.84 (16:29:42) SELLS TO TOTAL* 100KB AT $1.80 (16:28:06) TO TOTAL* 100KB AT $1.54 (16:28:34)
PLATTS CASH BFOE: APR24: VITOL SELLS TO TOTAL* PLATTS BRENT DIFF: FEB19-FEB23 (APR): BP SELLS PLATTS BRENT DIFF: FEB26-MAR1 (MAY): DV
100KB AT $81.79 (16:29:42) TO TOTAL* 100KB AT $1.80 (16:28:12) TRADING SELLS TO PETROCHINA* 100KB AT $1.51
PLATTS CASH BFOE: APR24: MERCURIA BUYS PLATTS BRENT DIFF: FEB19-FEB23 (APR): DV (16:29:27)
FROM OMV* 100KB AT $81.84 (16:29:49) TRADING SELLS TO EQUINOR* 100KB AT $1.75 (16:28:13) PLATTS BRENT DIFF: FEB26-MAR1 (MAY): GUNVOR
PLATTS CASH BFOE: APR24: CHEVRON SELLS TO PLATTS BRENT DIFF: FEB19-FEB23 (APR): BP SELLS BUYS FROM DV TRADING* 100KB AT $1.53 (16:29:29)
TOTAL* 100KB AT $81.82 (16:29:51) TO MERCURIA* 100KB AT $1.80 (16:28:17) PLATTS BRENT DIFF: FEB26-MAR1 (MAY): GUNVOR
PLATTS CASH BFOE: APR24: MERCURIA BUYS PLATTS BRENT DIFF: FEB19-FEB23 (APR): BUYS FROM GLENCORE* 100KB AT $1.53 (16:29:49)
FROM PETROINEOS* 100KB AT $81.84 (16:29:56) PETROCHINA BUYS FROM CHEVRON* 100KB AT $1.80 PLATTS BRENT DIFF: FEB26-MAR1 (MAY): TOTAL
BRENT CFDS: PLATTS BRENT DIFF: FEB12-FEB16 (16:28:29) BUYS FROM DV TRADING* 100KB AT $1.53 (16:29:54)
(APR): VITOL SELLS TO MERCURIA* 100KB AT $2.40 PLATTS BRENT DIFF: FEB19-FEB23 (APR): DARE PLATTS BRENT DIFF: FEB26-MAR1 (MAY): TOTAL
(16:29:33) SELLS TO TOTAL* 100KB AT $1.79 (16:28:48) BUYS FROM GLENCORE* 100KB AT $1.53 (16:29:56)
PLATTS BRENT DIFF: FEB19-FEB23 (APR): BP SELLS PLATTS BRENT DIFF: MAR4-MAR8 (MAY): DARE This assessment commentary applies to the
TO TOTAL* 100KB AT $1.82 (16:23:34) SELLS TO TOTAL* 100KB AT $0.92 (16:25:05) following market data codes: Dated Brent <PCAAS00>
PLATTS BRENT DIFF: FEB19-FEB23 (APR): PLATTS BRENT DIFF: MAR4-MAR8 (MAY): BP SELLS CFD Week 1 <PCAKA00> CFD Week 2 <PCAKC00> Brent
MERCURIA BUYS FROM PHILLIPS 66* 100KB AT $1.85 TO UNIPEC* 100KB AT $0.90 (16:26:32) Mo01 <PCAAQ00> CFD Week 3 <PCAKE00> Brent
(16:23:34) PLATTS BRENT DIFF: MAR4-MAR8 (MAY): BP SELLS Mo02 <PCAAR00> CFD Week 4 <PCAKG00> Brent
PLATTS BRENT DIFF: FEB19-FEB23 (APR): DARE TO TOTAL* 100KB AT $0.90 (16:26:33) Mo03 <PCARR00> CFD Week 5 <AAGLU00> CFD Week
SELLS TO MERCURIA* 100KB AT $1.82 (16:23:52) PLATTS BRENT DIFF: MAR4-MAR8 (MAY): DARE 6 <AAGLV00> CFD Week 7 <AALCZ00> CFD Week 8
PLATTS BRENT DIFF: FEB19-FEB23 (APR): DARE SELLS TO TOTAL* 100KB AT $0.90 (16:29:17) <AALDA00> Johan Sverdrup FOB North Sea <AJSVA00>
SELLS TO TOTAL* 100KB AT $1.82 (16:23:54) PLATTS BRENT DIFF: MAR4-MAR8 (MAY): CHEVRON Johan Sverdrup FOB North Sea vs North Sea Dtd Strip
PLATTS BRENT DIFF: FEB19-FEB23 (APR): DV SELLS TO TOTAL* 100KB AT $0.90 (16:29:25) <AJSVB00>
TRADING SELLS TO PETROCHINA* 100KB AT $1.82 PLATTS BRENT DIFF: MAR4-MAR8 (MAY): BP SELLS
(16:24:04) TO TOTAL* 100KB AT $0.89 (16:29:42) Platts WTI Midland Crude DAP Europe
PLATTS BRENT DIFF: FEB19-FEB23 (APR): GUNVOR PLATTS BRENT DIFF: MAR4-MAR8 (MAY): BP SELLS Assessment Rationale & Exclusions
BUYS FROM DARE* 100KB AT $1.82 (16:26:01) TO TOTAL* 100KB AT $0.89 (16:29:51) WTI Crude DAP Europe <AWTIC00> assessment
PLATTS BRENT DIFF: FEB19-FEB23 (APR): DV PLATTS BRENT DIFF: MAR11-MAR15 (MAY): BP rationale:
TRADING SELLS TO PETROCHINA* 100KB AT $1.81 SELLS TO ONYX* 100KB AT $0.50 (16:26:41) WTI DAP Rotterdam was assessed lower in a 3
(16:27:00) PLATTS BRENT DIFF: FEB26-MAR1 (MAY): BP SELLS cents/day backwardated structure between Feb. 29
PLATTS BRENT DIFF: FEB19-FEB23 (APR): PHILLIPS TO GUNVOR* 100KB AT $1.55 (16:24:26) and March 15, with March 15 to April 9 assessed in a 1
66 SELLS TO ONYX* 100KB AT $1.80 (16:28:00) PLATTS BRENT DIFF: FEB26-MAR1 (MAY): BP SELLS cent/day backwardated structure, owing to indications
PLATTS BRENT DIFF: FEB19-FEB23 (APR): PHILLIPS TO TOTAL* 100KB AT $1.51 (16:25:16) heard during the day. There were no bids, offers or
66 SELLS TO GUNVOR* 100KB AT $1.80 (16:28:03) PLATTS BRENT DIFF: FEB26-MAR1 (MAY): BP SELLS trades in the Platts Market on Close assessment
PLATTS BRENT DIFF: FEB19-FEB23 (APR): CHEVRON TO PETROCHINA* 100KB AT $1.51 (16:25:16) process for DAP WTI Midland.
SELLS TO UNIPEC* 100KB AT $1.80 (16:28:04) PLATTS BRENT DIFF: FEB26-MAR1 (MAY): BP SELLS WTI Crude DAP Augusta <AWTIA00> assessment
PLATTS BRENT DIFF: FEB19-FEB23 (APR): DV TO GUNVOR* 100KB AT $1.51 (16:25:16) rationale:

WTI DAP Augusta was assessed lower in a 3 cents/ The region has faced a lengthening in CPC Blend remained steady at around a $4/b discount to Forward
day backwardated structure between Feb. 29 and crude supply because of a closed arbitrage to Asia Dated Brent since early December. However, instability
March 15, with March 15 to April 9 assessed in a 1 cent/ amid the ongoing instability in the Red Sea region, in the Red Sea and an increasing number of vessels
day backwardated structure, owing to indications sources said, which has forced sellers to find new diverting around the Cape of Good Hope in early 2024
heard during the day. There were no bids, offers or homes for the grade in Europe. have pushed up freight rates for Suezmax voyages
trades in the Platts Market on Close assessment In other news, loadings of Azeri Light crude at loading in the Black Sea and discharging in Asia.
process for DAP WTI Midland. the Turkish port of Ceyhan in March are set to total Platts assessed freight on the 135,000 mt Caspian
Exclusions: None 549,226 b/d, 1,502 b/d more than February, according Pipeline Consortium (CPC) terminal-Far East route,
Platts is part of S&P Global Commodity Insights to a copy of the loading program seen by S&P Global via the Suez Canal, at a lump sum of $7.5 million Feb.
Commodity Insights. 8, marking the highest level in nearly 10 months. In
Platts WTI Midland Crude DAP Europe Bids, March loadings will be just above the 11-month low January, the rate for this route had stood at an average
Offers, Trades set in February, and remain well below the 12-month of a $6.4 million lump sum.
average of 599,901 b/d. Market participants pointed to limited tonnage
Bids: None Overall, 17.0 million barrels are scheduled, up from options willing to traverse the Red Sea, with a Europe-
Offers: None 15.9 million barrels in February, with the number of based Suezmax broker saying that “very few owners
Trades: None cargoes increasing by three to 25. are still giving the option to transit via Suez.”
This assessment commentary applies to the Socar is scheduled to load 68% of the program, In addition to higher freight costs, insurance costs
following market data codes: WTI Midland DAP compared with a 77% share in February. have been also rising for journeys through the Red
basis Rotterdam <AWTIC00> WTI Midland DAP basis Platts is part of S&P Global Commodity Insights Sea lately. Any new insurance issued for Red Sea
Rotterdam vs Fwd Dated Brent <AWTID00> WTI routes could add about $1/b or more to voyage costs,
Midland DAP basis Augusta <AWTIA00> WTI Midland Platts NWE and Med Urals Sour Crude Daily according to S&P Global data.
DAP basis Augusta vs Fwd Dated Brent <AWTIB00> Market Analysis Re-routing tankers around the Cape of Good Hope
is less appealing to Indian buyers due to increased
Platts Mediterranean & Black Sea Sweet Urals DAP West Coast India differential hits all- voyage lengths, in-transit times and fuel costs.
Crude Daily Commentary time high In 2023, Russia was India’s top crude supplier,
Differential up on higher freight, Red Sea-related according to S&P Global data, contributing over 35%
Socar sells Azeri Light to Glencore for $3.95/b insurance costs (1.7 million b/d) of India’s total crude imports. Most
premium to Dated Brent The Urals DAP West Coast India differential hit an of the imported volume was Russia’s medium sour
Azeri Light crude March loadings seen steady on all-time high Feb. 8, S&P Global Commodity Insights Urals crude.
month at 549,226 b/d data showed, on higher freight costs associated with
Azeri Light crude was continuing to face escalated tensions and shipping risks in the Red Sea. Platts EMEA Urals and Med Brent Crude Daily
pressure, amid lengthy supply of sweet crudes in the Platts, part of S&P Global Commodity Insights, Rationales & Exclusions
Mediterranean region, sources said Feb. 9. assessed the Urals DAP West Coast India at a $3.50/b Urals CIF Augusta differential <AAGXX00>
Socar sold a cargo of Azeri Light, loading Feb. discount to Forward Dated Brent Feb. 8, the narrowest assessment rationale:
19-23 to Glencore during the Platts Market on discount since Platts started assessing the differential Urals CIF Augusta was assessed unchanged.
Close assessment process at a $3.95/b premium to in January 2023. There were no bids or offers in the Platts Market on
Dated Brent. “Higher freight costs [are] pushing up [Urals] DAP Close assessment process. The Urals CIF Augusta
“Plenty of oil around and stuck in the Med,” one India,” one trader said. differential was assessed using a net forward to the
trader said. “Johan Sverdrup is cheap. There is also The Urals DAP West Cost India differential — which Urals FOB Aframax and Suezmax assessment. The
plenty of Guyana, WTI and CPC crudes.” includes shipping costs from port to port — has FOB differentials were assessed unchanged based on

previuosly heard indications. Trades: SOCAR*-Glencore Azeri Light 19-23/02 project that will unlock about 350 million barrels of
Urals CIF Med <PCACE00> assessment rationale: 650kb +/-5 pct SO Dtd +3.95 CIF bs Augusta ex Ceyhan oil equivalent and extend the life of Bonga Floating
The Urals CIF Mediterranean assessment reflected This assessment commentary applies to Production Storage and Offloading for another 15
the value of the Mediterranean Dated Brent Strip the following market data codes: Urals CIF Med years,” the country chair of Shell Companies in Nigeria,
(AALDF00) plus the Urals CIF Augusta differential <PCACE00>> Urals CIF Rdam <PCAFW00> ESPO FOB Osagie Okunbor, said.
assessment (AAGXX00). Kozmino Mo01 London <AARWD00> CPC CIF Augusta Looking to Angola, VLCC freight to the Far East
Urals RCMB (Recombined) <AALIN00> assessment Diff <AAHPL00> has ticked up to three-week highs, amid an otherwise
rationale: slack environment for Angolan differentials as the
The Urals RCMB (Recombined) assessment Platts West African Crude Daily market approaches the Lunar New Year period and the
reflected the value of the Platts Dated Brent Commentary associated relaxation in demand.
assessment (PCAAS00) plus the Urals CIF Augusta
differential assessment (AAGXX00). Nigerian spot offers reveal support Platts West African Crude Daily Rationale &
Urals CIF Rdam <PCAFW00> assessment rationale: West Africa-East freight uptick Exclusions
Urals CIF Rotterdam was assessed 9 cents/b In the Nigerian crude market, spot offer levels Of the four crudes in the Nigerian basket, Bonga
higher. There were no bids or offers in the MOC. The revealed strength in middle distillate rich grades during and Forcados were assessed 20 cents/b higher owing
Urals CIF Rotterdam differential was assessed as a the week. to previously heard indications, while Bonny Light
net forward to the Urals FOB Baltic assessment. The Initial offerings of medium sweet crudes Escravos and Qua Iboe were assessed 5 cents/b higher owing
FOB differentials were assessed unchanged based on and Forcados revealed a supported market amid firming to strengthening market sentiment. There were no
previously heard indications. refinery margins in Europe and a steady West Africa to bids, offers or trades in the Platts Market on Close
Med Dated Brent Strip 13-28 Day <AALDF00> UK-Continent freight market into Europe, sources said. assessment process.
assessment rationale: Grades rich in middle distillate yields stand to Qua Iboe FOB Nigeria <PCAID00>
The Mediterranean Dated Brent Strip reflected the benefit from healthy European demand, with spot Bonny Light FOB Nigeria London <PCAIC00>
value of Forward Dated Brent 13-28 days ahead of the activity set to rise as the March trading cycle develops. Forcados FOB Nigeria <PCABC00>
day of publication. Forward Dated Brent is assessed Counterbalancing that support was the marked Bonga FOB Nigeria <PCNGC00>
as a function of Platts assessments of second-month backwardation seen in the European sweet complex, Exclusions: None
Cash BFOE (PCAAR00) and BFOE CFD differentials which can punish differentials for long haul crudes Platts is part of S&P Global Commodity Insights
(PCAKA00, PCAKC00, PCAKE00, PCAKG00, AAGLU00, such as those loading in West Africa.
AAGLV00, AALCZ00). Backwardated structure has appeared amid Platts West African Crude Bids, Offers,
CPC Blend CIF Augusta vs BTC Dtd Strip ongoing supply disruption in the prompt crude market. Trades
<AAHPL00> assessment rationale: In wider news, Shell’s Nigerian oil producing unit has
CPC Blend was assessed unchanged based on supplied 475,000 barrels of crude oil as feedstock to Bids: None
previously heard indications. the Port Harcourt refinery as the facility prepares to Offers: None
Exclusions: None restart production almost four years after it was shut Trades: None
Platts is part of S&P Global Commodity Insights down, company sources said. This assessment commentary applies to the
The company has also announced its plans to following market data code: WAF Index <AWAFB00>
Platts EMEA Urals & Med Brent Crude Bids, expand major deep offshore oil and gas projects in The WAF Index is calculated using the following market
Offers, Trades Nigeria 2024, including the Bonga expansion, which will data codes: Qua Iboe FOB Nigeria <PCAID00> Bonny
unlock about 350 million barrels of oil equivalent of Light FOB Nigeria London <PCAIC00> Forcados FOB
Bids: None Nigerian reserves. Nigeria <PCABC00> Bonga FOB Nigeria <PCNGC00>
Offers: None “The Bonga North project will be a tie-back

Platts US Pipeline Crude Daily Commentary premium to WTI MEH at the Magellan East Houston Alberta, 90 cents/b stronger at WTI CMA minus $4/b,
Terminal. after it was heard to trade at that level.
USGC sour Mars assessed 50 cents/b weaker Cargoes for WTI Midland FOB cargoes in the Mixed Sweet at Edmonton differential strengthened
USGC sweet grades little changed first and second decade of March were assessed as well by 90 cents/b at WTI CMA minus $7.50/b.
US Gulf Coast crude differentials saw movement to unchanged, leaving first decade at a 70-cent/b Platts assessed Condensate at Edmonton
end the week Feb. 9, with sour crude Mars weakening premium to MEH and second decade at a 65-cent/b unchanged on the day at WTI CMA minus $4.45/b.
and the sweets remaining little changed. premium to MEH. Platts assessed the third decade Platts is part of S&P Global Commodity Insights.
Platts assessed WTI at Midland unchanged on of March 20 cents lower at a 40 cent/b premium to
the day at cash WTI plus $1.75/b, based on trades WTI MEH. Platts Latin American Crude Daily
heard done in the market. The structure between The US FOB Gulf Coast assessment of Eagle Ford Commentary
front-month March and second-month February was 45 API crude was assessed 50 cents lower at a $1/b
assessed 25 cents/b apart, putting April at cash WTI discount to WTI MEH, based on indications heard in Latin American outright prices finished the week
plus $1.50 cents/b. the market. Platts also assessed the FOB Gulf Coast stronger
WTI at Magellan East Houston was also assessed assessment of Eagle Ford 52 API condensate $1.50 Questions about Chinese demand continue to
5 cents/b stronger at cash WTI plus $2.05/b, based on lower to a $2.50/b discount to WTI MEH based on weigh on markets
trades heard done in the market. During the session, indications heard in the market. Latin American differentials were mixed across
the grade was talked to have reached a high of plus The Platts AGS strip was assessed 61 cents higher the region Feb. 9 as fresh geopolitical tension pushed
$2.20/b before coming back down. to $79.56/b, moving the premium over the NYMEX WTI crude outright prices firmer across the complex.
The “Long Horn” spread between WTI at Midland strip 3 cents stronger to $2.82/b. WTI prices were higher after Israeli forces bombed
and WTI at MEH widened 5 cents/b to 30 cents/b, Platts is part of S&P Global Commodity Insights. area around southern border town Rafah overnight.
which is 10 cents/b under the January average spread Negotiations are ongoing to try to salvage a cease-
of 40 cents/b. Platts Canadian Pipeline Crude Daily fire deal.
Heavy sour crude grade Mars was assessed 50 Commentary Platts assessed Liza at a $1.10/b discount to
cents/b weaker to cash WTI plus 10 cents/b, based on Dated Brent, Unity Gold at a 95-cent/b discount, and
indications heard in the market. Western Canadian crude differentials strengthen Payara at a $1.10/b discount. All three differentials
Platts is part of S&P Global Commodity Insights. Syncrude Sweet Premium at Edmonton, Alberta, were unchanged on the day. On an outright basis,
assessed 90 cents/b stronger Liza finished at $80.85/b, Unity Gold at a 95-cent/b
Platts US Gulf Coast Export Crude Daily Western Canadian crude differentials strengthened discount, and Payara gold at a $1.10/b discount. All
Commentary Feb. 9. Platts assessed Western Canadian Select in three grades were up 55 cents/b on an outright basis.
Hardisty, Alberta differential at a discount of minus Market sources took a more bearish tone for
Eagle Ford 45, Eagle Ford 52 discounts to MEH on $19.20/b, up 55 cents on the day. Guyanese crude in the short term. One source noted a
USGC FOB markets widen The WCS in Cushing, Oklahoma and Nederland, potential slow down in Chinese purchases.
Third-decade March WTI Midland FOB price Texas differentials also followed that upward “It feels like China has slowed down their purchase
decreases on day movement. pace,” he said.
Offers for WTI Midland FOB crude on the US Gulf Platts assessed WCS at Cushing at WTI CMA minus PMI Data released last week out of China showed
Coast were heard in the market on Feb. 9, while Eagle $7.30/b, up 10 cents/b on the day. WCS at Nederland a contraction in the Chinese manufacturing index for
Ford 45 and Eagle Ford 52 discounts to MEH widened differential strengthened 10 cents/b as well to minus the fourth straight month. This data is just another in a
on the day. $6.30/b. slew of lackluster economic data released from China
Offer levels for the third-decade-March loading Sweet crude differentials also strengthened. Platts in recent months, raising questions about the true
WTI Midland FOB cargoes were heard at a 45-cent/b assessed Syncrude Sweet Premium at Edmonton, strength of the Chinese economy.

Marlim USGC Coking Netback

A source also noted a slowdown by US Gulf coast Margin
MLGOM00 MLGOM04 MLGOM03 The decision followed a proposal on the
refineries ahead of the Trans Mountain Pipeline Marlim USGC Coking Netback MLGON00 MLGON04 MLGON03 WTI Midland DAP Rotterdam and DAP Augusta
Marlim USGC Coking Yield MLGOY00 MLGOY04 MLGOY03
expansion coming online. Marlim USGC Freight TDDGK00 TDDGK04 TDDGK03 assessments published Dec. 12, which can be found at:
“US West Coast refiners also seem to be in a wait- https://www.spglobal.com/commodityinsights/
and-see mode” now that TMX is about to come online, The prices appear on Platts Global Alert en/our-methodology/subscriber-notes/121223-platts-
he said. page 280, 281, 831, 833, 835, 837 and in Latin proposes-to-amend-period-published-incoterms-for-
The Trans Mountain expansion is targeted to come Wire, Crude Oil Marketwire and Oilgram Price wti-midland-dap-rotterdam-augusta-assessments
online in the second quarter of 2024. Report. Please send any feedback or questions The decision relates to the following Platts
Platts assessed Colombian grade Castilla Blend at to Americas_crude@spglobal.com and assessments:
a $9.20/b discount to ICE Brent, up 20 cents/b day on pricegroup@spglobal.com. Assessment
Differential to forward
Outright
Dated
day. Castilla was higher with a stronger day for Western For written comments, please provide a clear WTI Midland DAP Rotterdam AWTID00 AWTIC00
Canadian grades. Platts assessed Western Canada indication if comments are not intended for publication WTI Midland DAP Augusta AWTIB00 AWTIA00
select at Nederland Texas at a $6.30/b discount to the by Platts for public viewing. Platts will consider all
WTI CMA, up 10 cents/b. Colombian grade Vasconia comments received and will make comments not 30-50 DAY FORWARD ASSESSMENT PERIOD
was assessed at a $5/b discount to ICE Brent, down 20 marked as confidential available to the public upon Platts will adjust the assessment period for
cents/b on the day. request. the WTI Midland DAP Rotterdam and DAP Augusta
assessments to 30-50 days forward from the
Platts to amend assessment period, published assessment date.
Subscriber Notes incoterms for WTI Midland DAP Augusta, Rotterdam This is updated from the originally proposed 30-60
assessments days ahead assessment range and reflects feedback
Platts clarifies Marlim crude price discontinuation In response to evolving practice in the WTI that WTI Midland Aframax cargoes are rarely trading for
Platts, part of S&P Global Commodity Insights, Midland delivered-Europe market and feedback from arrival beyond 50 days forward.
would like to clarify the symbols affected by the participants, Platts, part of S&P Global Commodity The assessments currently reflect DAP Rotterdam
previously-announced discontinuation of price Insights, will make the following amendments to and DAP Augusta WTI Midland cargoes arriving 20-60
assessments for Brazil’s Marlim crude, effective March assessments from April 2: days forward from the assessment date on both an
1, 2024. Amend the assessment period of its WTI Midland outright basis and differential to Dated Brent.
This discontinuation was proposed Dec. 6, 2023, Delivered at Place (DAP) Rotterdam and DAP As a result of the assessment range change, the
and the decision was announced on Jan. 22, 2024. Augusta assessments to reflect cargoes arriving 30- 23-63 Dated Brent Strip [AALEJ00] will be adjusted to
The discontinuation will affect the following codes: 50 days ahead of the assessment date. reflect a period of 33-53 days forward.
Assessment Daily Monthly Average PUBLICATION OF CIF AND CFR OFFERS
Marlim AAITF00 AAITG00 Publish bids, offers and trades on a Cost,
Platts will publish bids, offers and trades in the
Diff to Dated Brent Strip AAXBJ00 AAXBJ03 Insurance, Freight (CIF) and Cost & Freight (CFR)
Diff to Brent Strip AAXBY00 AAXBY03 MOC for WTI Midland on a CIF and CFR Rotterdam,
Diff to WTI Strip AAITL00 AAITM00 Rotterdam, Augusta basis for WTI Midland cargoes
Augusta basis, in addition to on a DAP Rotterdam,
in addition to DAP Rotterdam, Augusta in the
Augusta basis.
Platts Market on Close assessment process with
These symbols will be also be discontinued: Bids, offers and trades on a CIF or CFR Rotterdam,
assessments continuing to reflect DAP Rotterdam,
Weekly Monthly Augusta basis may be subject to normalization for
Assessment Daily Augusta values.
Average Average
assessment purposes.
Marlim USGC Cracking Netback
MLGCM00 MLGCM04 MLGCM03 Assessments will reflect DAP Rotterdam, Augusta DAP INCOTERM
Margin
Marlim USGC Cracking Netback MLGCN00 MLGCN04 MLGCN03 values with cargo quantity and quality measured at Platts understands prevailing market practice for
Marlim USGC Cracking Yield MLGCY00 MLGCY04 MLGCY03
load port. WTI Midland trading on a DAP Rotterdam and DAP

Augusta basis is for cargo quantity and quality to be assessments: assessment period of 20-40 days forward.
measured at load port. Assessment
Differential to
Outright
Please send all feedback, comments or
Dated Brent
Platts clarifies its assessments will reflect DAP Eagle Ford 45 DAP Rotterdam AEFAD00 AEFAC00
questions to europe_crude@spglobal.com and
Rotterdam, Augusta with load port quality and quantity. Eagle Ford 45 DAP Augusta AEFAB00 AEFAA00 pricegroup@spglobal.com by Feb. 29.
The assessments appear on Platts Global Alert and For written comments, please provide a clear
Platts Crude Alert pages 1210, 1212, 1238, and in Crude The assessments appear on Platts Global Alert and indication if comments are not intended for publication
Oil Marketwire. Platts Crude Alert pages 1210, 1212, 1238, and in Crude by Platts for public viewing.
Please send all feedback and questions Oil Marketwire. Platts will consider all comments received and will
to europe_crude@spglobal.com and Please send all feedback, comments or make comments not marked as confidential available
pricegroup@spglobal.com. questions to europe_crude@spglobal.com and to the public upon request.
For written comments, please provide a clear pricegroup@spglobal.com by April. 1.
indication if comments are not intended for publication For written comments, please provide a clear Platts proposes amending Indonesia crude oil Market
by Platts for public viewing. indication if comments are not intended for publication Parity Prices methodology
Platts will consider all comments received and will by Platts for public viewing. Platts, part of S&P Global Commodity Insights,
make feedback not marked as confidential available to Platts will consider all comments received and will is proposing to amend the methodology it uses to
the public upon request. make comments not marked as confidential available calculate the Market Parity Prices for Indonesia’s
upon request. Minas, Cinta and Widuri crude oil grades, to better
Platts to discontinue Eagle Ford 45 DAP Rotterdam, reflect the shift in trade dynamics, effective April
Augusta assessments Platts to amend CPC Blend assessment period, 1, 2024.
In response to evolving trade flows and recent launch new forward Dated Strip This follows the opening of a formal review of the
feedback from market participants, Platts, part of Platts, part of S&P Global Commodity Insights, MPP methodology for these grades in a subscriber
S&P Global Commodity Insights, will discontinue its will amend the assessment period for its CPC Blend note published Oct. 31, 2023: https://www.spglobal.
Eagle Ford 45 assessments on a DAP Rotterdam and assessments to 20-40 days forward, from April 2. com/commodityinsights/en/our-methodology/
Augusta basis from May 1. The proposal will impact the following assessments: subscriber-notes/103123-platts-opens-review-of-
Platts currently publishes assessments for Eagle Outrightvs BTC Dated Brent Strip indonesian-crude-oil-market-parity-prices.
Ford 45 on a DAP Rotterdam and DAP Augusta basis as CPC Blend CIFAAGZU00AAHPL00 Under this proposal, the reference basket of
both an outright price and differential to Dated Brent. CPC Blend FOB SuezmaxAALVX00AALVZ00 relevant crude grades where MPP calculations for
This decision follows a consultation on the spot CPC FOB AframaxAAOFV00AAOFW00 Minas, Cinta and Widuri are benchmarked to, will be
market volumes for Eagle Ford 45 delivered to Europe Market feedback suggested that since the loss of amended to comprise Malaysia’s Kimanis, Abu Dhabi’s
published Oct. 16 2023, which can be found at: Russian Urals barrels from the European crude market, Murban, Angola’s Cabinda and Dalia grades.
https://www.spglobal.com/commodityinsights/ CPC Blend has been competing with grades that trade The values of Cabinda and Dalia will be calculated
en/our-methodology/subscriber-notes/101623-platts- further out, leading to an evolved natural trading cycle at the Asian market close (4:30 pm Singapore time)
opens-consultation-on-dap-rotterdam-dap-augusta- for the grade. based on their last assessed values at the London
wti-midland-and-eagle-ford-45-crude-assessments NEW FORWARD DATED STRIP close and accounting for the movement in the
Spot market liquidity of Eagle Ford 45 delivered into Platts CPC Blend assessments currently reflect underlying Dated Brent benchmark at the prior trading
the Northwest European and the Mediterranean crude cargoes loading 10-30 days forward with differentials day’s European market close at 4:30 pm London time,
markets has declined in recent years as trading activity applied to the 13-33 days forward BTC Dated Brent until the Asian close.
has thinned and exported volumes of WTI Midland into strip [AAUFI00]. Currently, the reference basket of relevant crude
the region have increased. Platts will also launch a new forward “CPC Dated grades in the MPP calculations comprise Kimanis,
The discontinuation relates to the following Platts Brent strip” of 23-43-days forward to reflect the Murban and Russia’s ESPO Blend.

Platts is also proposing to amend the underlying The MPP model will ensure that the assessments Platts to discontinue West African crude BOTs and
delivery point for Minas, Cinta, Widuri and the four capture both the inherent refining value of the rationale
basket grades, to Singapore. Under this proposal, crude as well as the broader oil market demand- Platts, part of S&P Global Commodity Insights,
Minas, Cinta, Widuri and the four basket grades will be supply fundamentals reflected in the price of the will cease publication of the West African crude Bids,
normalized for delivery to Singapore, accounting for reference basket. Offers and Trades (BOTs) and rationale from March 1,
freight. More details on Platts MPP models and 2024, as the WAF Index assessment (AWAFB00) is no
The underlying refined product prices used in the methodology are available at https://bit.ly/33GZehH. longer used for any derivatives settlement purposes.
calculation of the Gross Product Worth values will Platts will continue to review the MPP models for Both the BOTs and rationale are currently published
be based on the regional benchmark Mean of Platts Minas, Cinta and Widuri to ensure they continue to in Platts Crude Oil Marketwire and on PGA/PCR 1255
Singapore refined product prices as listed below, at reflect prevailing market conditions and quality of the and 1259, respectively.
the Asian market close. Benchmark CFR North Asia crude grades. Platts will continue to publish the West African
propane, butane spot prices will be normalized to The Minas, Cinta and Widuri MPP assessments crude assessments as both differentials and
Singapore in the GPW calculations. are published in Platts Crude Oil Marketwire, Platts outright prices.
Product Code Oilgram Price Report and on Platts Global Alert and Please send all comments to
Propane Refrigerated CFR North Asia 30-45 days AAVAK00
Butane Refrigerated CFR North Asia 30-45 days AAVAN00
Platts Crude Oil Alert pages 1250, 1805, 2210, 2211, 2216, europe_crude@spglobal.com and
Naphtha FOB Singapore Cargo PAAAP00 2217, 2244, 2245, 2264, 2265, 2280, 2281, 2811 under the pricegroup@spglobal.com by Feb. 16.
Gasoline Unl 95 FOB Spore Cargo PGAEZ00
Gasoline Unl 92 FOB Spore Cargo PGAEY00 following price database codes: For written comments, please provide a clear
Jet Kero FOB Spore Cargo PJABF00 indication if comments are not intended for publication
Gasoil 0.001% S (10 ppm) FOB Spore Cargo AAOVC00
Gasoil 0.05% S (500 ppm) FOB Spore Cargo AAFEX00 Assessment Code by Platts for public viewing.
Minas at Singapore Close PCABO00
Gasoil 0.25% S (2500 ppm) FOB Spore Cargo AACUE00
Minas at Singapore Close Monthly Average AAFZH00
Platts will consider all comments received and will
FOB Spore Marine Fuel 0.5% Cargo AMFSA00
FO 380 CST 3.5% S FOB Spore Cargo PPXDK00 Minas at London Close AAPAZ00 make comments not marked as confidential available
Minas at London Close Monthly Average AAPAZ03
Cinta at Singapore Close PCAAX00 upon request.
Currently, Minas, Cinta, Widuri, the three basket Cinta at Singapore Close Monthly Average AAFZC00
Cinta at London Close AAPBJ00
grades and their GPWs are normalized for delivery Cinta at London Close Monthly Average AAPBJ03 Platts amends dirty tanker flat rate for Hound Point-
to Japan, accounting for freight and regional spot Widuri at Singapore Close PCAFE00 Rotterdam 80,000 mt route from Feb 1
Widuri at Singapore Close Monthly Average PCAFE03
product prices. Widuri at London Close AAPBN00 Following a Worldscale Association update for
The proposed change would better reflect the Widuri at London Close Monthly Average AAPBN03 the port of Hound Point, Platts, part of S&P Global
recent flow of Minas, Cinta and Widuri crude that is Commodity Insights, amends the $/mt flat rate of the
observed to be mainly processed by Southeast Asian Please send all feedback, comments or Hound Point-Rotterdam 80,000-mt route effective Feb.
refineries. questions to Asia_Crude@spglobal.com and 1, 2024.
Platts will continue to report on any spot market pricegroup@spglobal.com by Feb. 23, 2024. Please refer to the Worldscale website for more
transactions for the three grades, but this information For written comments, please provide a clear information on its update.
would not be used in the daily calculation of the MPP. indication if comments are not intended for publication The updated flat rate feeds into both the Hound
Platts MPPs provide a calculation of the equivalent by S&P Global for public viewing. S&P Global will consider Point-Rotterdam Freight Adjustment Factor (FAF) and
market value of a given crude based on the value all comments received and will make comments not the North Sea-Rotterdam FAF which is used for netting
of its typical refined product yield, subtracting marked as confidential available upon request. back CIF Rotterdam WTI Midland values back to FOB-
costs for transport and the refining process, and North Sea equivalent values.
adjusting the resulting value based on the trading As a result of the update, the weighted average
levels of comparison crudes relative to their product flat rate used in the calculation of the WTI Midland
yield values. North Sea-Rotterdam FAF has also been amended to

$6.71/mt. by Platts for public viewing. Platts will consider all This is a weighted average daily index for the value
Please send all comments or questions comments received and will make comments not of the following Platts price assessments or index. The
to europe_crude@spglobal.com and marked as confidential available to the public upon weightings for each primary energy source reflect the
pricegroup@spglobal.com. request. proportion of global energy consumption they account
For written comments, please provide a clear for, excluding renewables.
indication if comments are not intended for publication Reliance International Limited to join EMEA - Crude Commodity Weighting in Index
Crude Oil 37%
by Platts for public viewing. BFOE CFDs- Paper MOC Gas (including LNG) 27%
Platts will consider all comments received and will Reliance International Limited has advised Coal 31%
Nuclear 5%
make comments not marked as confidential available Platts, part of S&P Global Commodity Insights, that
upon request. it would like to participate in the Platts Market on
Close assessment process for EMEA - Crude BFOE The weightings are reviewed periodically to
Platts to discontinue Marlim crude price CFDs- Paper. keep the index representative of global supply and
assessments Platts has reviewed Reliance International Limited demand trends.
Platts, part of S&P Global Commodity Insights, will and will consider information from the entity in the Platts would like to clarify the description for
discontinue publishing price assessments for Brazil’s assessment process for EMEA - Crude BFOE CFDs- the above index has been renamed from Platts
Marlim crude, effective March 1, 2024. This is due to Paper, subject at all times to adherence with Platts Conventional Core Energy Index, in accordance with
declining production and limited spot market activity editorial standards. feedback received following a decision published
as production is consumed domestically. Platts will publish all relevant information from Jan. 3 via a subscriber note, available here: https://
Platts understands market participants do not Reliance International Limited accordingly. www.spglobal.com/commodityinsights/en/our-
anticipate spot trading activity to resume in the Platts welcomes all relevant feedback regarding methodology/subscriber-notes/010324-platts-to-
near future. Platts currently assesses Marlim crude MOC participation. Platts considers bids, offers launch-conventional-core-energy-index-jan-15. There
cargoes reflecting barrels sold on an FOB basis and transactions by all credible and credit- are otherwise no changes to the symbols or weightings
from Sao Sabastiao, Brazil, with a typical volume of worthy parties in its assessment processes. For of each component assessment.
750,000 barrels, published on an outright basis, and comments and feedback, please contact Platts Commodity Assessment Symbol
Currency/ UoM Weighting in
UoM conversion index
as differentials to WTI, Brent futures and Dated Brent editors at Europe_crude@spglobal.com and Crude Oil Dated Brent PCAAS00 $/b 0.1724 18.5%
strips. Platts will continue to publish its Tupi FOB market_integrity_review@spglobal.com. Crude Oil Dubai M1 PCAAT00 $/b 0.1724 18.5%
Dutch TTF
assessments, and invites feedback on other potential Gas Month GTFWM10 $/MMBtu 1 9%
assessments of Brazilian crude grades. Platts launches Conventional Energy Index Jan 15 Ahead
GIA North
The discontinuation will affect the following codes: Platts, part of S&P Global Commodity Insights,
Gas America by IGOAA21 $/MMBtu 1 9%
Assessment Daily Monthly Average Marlim AAITF00 has launched the Platts Conventional Energy Index, Flow Date
AAITG00 Diff to Dated Brent Strip AAXBJ00 AAXBJ03 effective Jan. 15, 2024. LNG Japan/
LNG Korea DES AAOVQ00 $/MMBtu 1 9%
Diff to Brent Strip AAXBY00 AAXBY03 Diff to WTI Strip The daily index expressed in $/MMBtu is published (JKM)
AAITL00 AAITM00. on Platts Live, and represents the global primary Coal NEAT JKTCA00 $/mt 0.0360 31%
Uranium
The prices appear on Platts Global Alert page energy mix in terms of conventional energy sources Nuclear U308 Spot AFUEM01 $/lb 0.0056 5%
280, 281 and in Latin Wire, Crude Oil Marketwire and across oil, gas, coal and nuclear. Canada M1
Oilgram Price Report. Please send any feedback or Details of the new index and symbols are as follows:
questions to Americas_crude@spglobal.com and Symbol Description Currency/UoM When a component assessment or index is not
ANVEA00 Platts Conventional Energy Index $/MMBtu
pricegroup@spglobal.com. Platts Conventional Energy Index
published on a particular day, the price published from
ANVEA03 $/MMBtu
For written comments, please provide a clear Monthly Average the previous working day is used in the calculation of
indication if comments are not intended for publication the index value.

Please send any feedback or questions to African crude spot assessments published in Crude Oil of Platts price assessments or indexes listed below.
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For written comments, please provide a clear just those listed in the tables above. Assessments not reflect the proportion of global energy consumption
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by Platts for public viewing. volume amendments. The weightings are reviewed periodically to
Platts will consider all comments received and will Where the minimum and maximum volumes vary keep the index representative of global supply and
make comments not marked as confidential available from the basis volume, Platts would publish bids, offers demand trends.
upon request. and trades for volumes within the range that are not Platts
Conventional Currency/ Weighting by Weighting by energy
the basis volume however these may be subject to Symbol
Core Energy unit assessment source
Platts proposes to amend cargo sizes for West normalization for assessment purposes. Index
African crude assessments Please send all comments to Oil Dubai M1 PCAAT00 $/b 18.5% 37%
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In line with evolving trends in the region, and loading europe_crude@spglobal.com and Dutch TTF
Gas (including
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Month GTFWM10 $/MMBtu 9% 27%
Ahead
Insights proposes to amend the cargo size on some of For written comments, please provide a clear GIA North
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Date
Platts proposes to amend the basis volume for the by Platts for public viewing. LNG Japan/
AAOVQ00 $/MMBtu 9%
following assessments from April 2: Platts is part of S&P Global Commodity Insights. Korea
Coal NEAT JKTCA00 $/mt 31% 31%
Proposed assessment Current Assessment Uranium
Country Grade
basis (barrels) basis (barrels)
Nigeria Agbami 1,000,000 975,000
Platts to launch Conventional Core Energy Index Jan. 15 Nuclear U308 Spot AFUEM01 $/lb 5% 5%
Canada M1
Nigeria Bonga 1,000,000 975,000 Platts, part of S&P Global Commodity Insights, will
Nigeria Usan 1,000,000 950,000
Angola Plutonio 1,000,000 950,000
launch the Platts Conventional Core Energy Index,
effective Jan. 15. When a component assessment or index is not
Platts also proposes to amend min and max The daily index expressed in $/MMBtu will be published on a particular day, the price published from
volumes for the following grades: published on Platts Live and represent the global the previous working day is used in the calculation of
Proposed Proposed
Current min/max
primary energy mix in terms of conventional energy the index value.
Country Grade minimum maximum
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(barrels) (barrels)
Nigeria Bonny Light 950,000 1,000,000 950,000/950,000 Details of the new index and symbols are as follows: pricegroup@spglobal.com.
Nigeria Forcados 950,000 1,050,000 950,000/950,000
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Symbol Description Currency/UoM For written comments, please provide a clear
Platts Conventional Core
Nigeria Bonga 950,000 1,050,000 975,000/975,000 ANVEA00
Energy Index
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Nigeria Usan 1,000,000 1,000,000 950,000/950,000
Angola Plutonio 1,000,000 1,000,000 950,000/950,000 ANVEA03
Platts Conventional Core
$/MMBtu
by Platts for public viewing.
Energy Index MAvg
Platts will consider all comments received and will
Platts welcomes feedback on the assessment make comments not marked as confidential available
basis, minimum and maximum volumes for all West It will be a weighted average daily index for the value upon request.

Commodity Insights Analytics US Yields & Netbacks Effective February 9, 2024 ($/barrel)
US Gulf Coast (PGA page 0833) US Gulf Coast (PGA page 0841)
Crack Yield Freight Crack Netback Crude Price Crack Margin Coke Yield Freight Coke Netback Crude Price Coke Margin
Agbami AGGCY00 104.77 AGGFA00 3.13 AGGCN00 101.64 AAQZB00 79.55 AGGCM00 20.72
Arab Berri BEGCY00 102.94 TDDAC00 1.32 BEGCN00 101.62 AAXCT00 84.24 BEGCM00 17.38
Arab Heavy AHGCY00 88.68 TDDAJ00 1.39 AHGCN00 87.30 AAXDI00 82.34 AHGCM00 4.96 Arab Heavy AHGOY00 100.34 TDDAJ00 1.39 AHGON00 98.96 AAXDI00 82.34 AHGOM00 16.62
Arab Light LIGCY00 98.48 TDDAR00 1.35 LIGCN00 97.13 AAXCU00 82.09 LIGCM00 15.04 Arab Light LIGOY00 102.67 TDDAR00 1.35 LIGON00 101.32 AAXCU00 82.09 LIGOM00 19.23
Arab Medium MEGCY00 92.56 TDDAZ00 1.35 MEGCN00 91.21 AAXDN00 82.79 MEGCM00 8.42 Arab Medium MEGOY00 99.27 TDDAZ00 1.35 MEGON00 97.92 AAXDN00 82.79 MEGOM00 15.13
Bakken BKGCY00 103.56 TDDRP00 7.78 BKGCN00 95.78 AAXPP00 74.07 BKGCM00 21.71
Basrah Heavy BHGOY00 96.90 BHGFA00 3.19 BHGON00 93.72 AALZC00 76.55 BHGOM00 21.43
Basrah Medium BLGCY00 89.48 TDDBS00 3.05 BLGCN00 86.44 BSMAM01 79.75 BLGCM00 9.66 Basrah Medium BLGOY00 99.06 TDDBS00 3.05 BLGON00 96.01 BSMAM01 79.75 BLGOM00 19.23
Bonny Light YLGCY00 106.67 TDDBX00 3.42 YLGCN00 103.25 PCAIC00 83.15 YLGCM00 18.73
Brent BRGCY00 101.81 TDDCB00 2.66 BRGCN00 99.14 AAVJA00 84.93 BRGCM00 12.85
Cabinda CBGCY00 101.88 TDDCF00 3.68 CBGCN00 98.20 PCAFD00 82.55 CBGCM00 14.28 Cabinda CBGOY00 101.73 TDDCF00 3.68 CBGON00 98.05 PCAFD00 82.55 CBGOM00 14.13
Castilla Blend CSGOY00 94.41 CSGFA00 3.11 CSGON00 91.30 AAVEQ00 72.25 CSGOM00 19.06
Eagle Ford EAGCY00 103.85 AAYAT00 78.56 EAGCM00 25.29
Escalante ECGCY00 97.04 TDDCV00 4.62 ECGCN00 92.42 PCAGC00 80.35 ECGCM00 11.23
Forties FTGCY00 101.53 FTGFA00 2.42 FTGCN00 99.11 PCADJ00 84.78 FTGCM00 12.95
Isthmus ISGCY00 99.01 TDDDJ00 1.86 ISGCN00 97.15 PDATO09 76.30 ISGCM00 20.85
LLS LLGCY00 106.20 TDDQW00 0.55 LLGCN00 105.65 PCABN00 79.64 LLGCM00 26.01 LLS LLGOY00 107.05 TDDQW00 0.55 LLGON00 106.50 PCABN00 79.64 LLGOM00 26.86
Marlim MLGCY00 96.93 TDDGK00 3.63 MLGCN00 93.30 AAITF00 75.10 MLGCM00 17.36 Marlim MLGOY00 101.97 TDDGK00 3.63 MLGON00 98.34 AAITF00 75.10 MLGOM00 22.41
Mars MRGCY00 94.43 TDDQY00 0.55 MRGCN00 93.88 AAMBR00 76.94 MRGCM00 16.94 Mars MRGOY00 101.30 TDDQY00 0.55 MRGON00 100.75 AAMBR00 76.94 MRGOM00 23.81
Maya MYGCY00 78.08 TDDDP00 1.95 MYGCN00 76.13 PDATS09 69.85 MYGCM00 6.28 Maya MYGOY00 96.39 TDDDP00 1.95 MYGON00 94.44 PDATS09 69.85 MYGOM00 24.59
Napo NPGOY00 92.83 NPGFA00 7.59 NPGON00 85.23 AAMCA00 66.80 NPGOM00 17.56
Olmeca OLGCY00 102.82 TDDDY00 1.87 OLGCN00 100.95 PDATT09 77.25 OLGCM00 23.70
Oriente ORGOY00 99.60 ORGFA00 7.17 ORGON00 92.43 PCADE00 73.65 ORGOM00 17.96
Poseidon PDGCY00 95.04 PDGFA00 0.00 PDGCN00 95.04 AABHK00 76.39 PDGCM00 18.65
Saharan Blend SHGCY00 103.79 TDDRD00 2.33 SHGCN00 101.46 AAGZY00 83.73 SHGCM00 16.35
Syncrude SYGCY00 106.83 SYGFA00 8.52 SYGCN00 98.31 AASOK00 72.72 SYGCM00 25.59
Urals URGCY00 97.51 TDDFM00 2.77 URGCN00 94.75 AAWVH00 65.72 URGCM00 27.65 Urals URGOY00 102.47 TDDFM00 2.77 URGON00 99.70 AAWVH00 65.72 URGOM00 32.61
Vasconia VCGOY00 104.09 VCGFA00 3.02 VCGON00 101.07 PCAGI00 76.45 VCGOM00 24.62
WCS ex-Hardisty WHGOY00 97.66 TDDRS00 8.50 WHGON00 89.16 AAPPN00 57.52 WHGOM00 31.64
WCS ex-Nederland WNGOY00 97.66 WCGFA00 0.00 WNGON00 97.66 AAYAY00 70.42 WNGOM00 27.24
WTI WTGCY00 103.82 AAYRG00 78.89 WTGCM00 24.93
WTS WSGCY00 98.28 TDDRJ00 6.89 WSGCN00 91.39 PCACK00 77.19 WSGCM00 14.20 WTS WSGOY00 103.98 TDDRJ00 6.89 WSGON00 97.10 PCACK00 77.19 WSGOM00 19.91

Commodity Insights Analytics US Yields & Netback ($/barrel) (continued)

US Midwest (PGA page 0823) US Midwest (PGA page 0821)
Bakken BKTCY00 100.24 TDDRO00 1.68 BKTCN00 98.56 AASRU00 73.77 BKTCM00 24.79
Syncrude SYTCY00 101.61 TDDFP00 8.20 SYTCN00 93.41 AASOK00 72.72 SYTCM00 20.69
WCS WCTOY00 94.75 TDDRL00 8.56 WCTON00 86.19 AAPPN00 57.52 WCTOM00 28.67
WTI WTTCY00 99.86 TDDRG00 2.39 WTTCN00 97.47 PCACG00 76.84 WTTCM00 20.63
WTS WSTCY00 96.14 TDDRI00 3.08 WSTCN00 93.06 PCACK00 77.19 WSTCM00 15.87 WTS WSTOY00 100.79 TDDRI00 3.08 WSTON00 97.71 PCACK00 77.19 WSTOM00 20.52
US West Coast (PGA page 0843) US West Coast (PGA page 0841)
ANS ANWCY00 110.65 PCAAD00 81.64 ANWCM00 29.01 ANS ANWOY00 115.51 PCAAD00 81.64 ANWOM00 33.87
Arab Light LIWOY00 116.69 TDDAT00 1.35 LIWON00 115.34 AAXCU00 82.09 LIWOM00 33.25
Arab Medium MEWOY00 112.67 TDDBB00 1.35 MEWON00 111.32 AAXDN00 82.79 MEWOM00 28.53
Bakken BKWCY00 116.22 TDDRT00 11.74 BKWCN00 104.48 AAXPP00 74.07 BKWCM00 30.41
Basrah Heavy BHWOY00 110.72 BHWFA00 2.97 BHWON00 107.74 AALZC00 76.55 BHWOM00 36.30
Basrah Medium BLWOY00 111.95 TDDBW00 2.84 BLWON00 109.10 BSMAM01 79.75 BLWOM00 33.16
Castilla Blend CSWOY00 108.15 CSWFA00 9.52 CSWON00 98.63 AAVEQ00 72.25 CSWOM00 25.51
Maya MYWOY00 109.66 MYWFA00 5.35 MYWON00 104.31 AAUPK00 72.70 MYWOM00 31.61
Napo NPWOY00 108.48 NPWFA00 8.27 NPWON00 100.21 AAMCA00 66.80 NPWOM00 32.54
Oriente ORWOY00 111.88 TDDEC00 7.81 ORWON00 104.08 PCADE00 73.65 ORWOM00 29.61
Vasconia VCWOY00 119.26 VCWFA00 9.18 VCWON00 110.09 PCAGI00 76.45 VCWOM00 32.80
US Atlantic Coast (PGA page 0811)
Crack Yield Freight Crack Netback Crude Price Crack Margin

Agbami AGACY00 100.27 AGAFA00 2.73 AGACN00 97.55 AAQZB00 79.55 AGACM00 16.62
Arab Light LIACY00 95.23 TDDAU00 1.35 LIACN00 93.88 AAXCU00 82.09 LIACM00 11.79
Bakken BKACY00 101.27 TDDRN00 7.20 BKACN00 94.07 AAXPP00 74.07 BKACM00 20.00
Bonny Light YLACY00 102.82 TDDBZ00 2.98 YLACN00 99.84 PCAIC00 83.15 YLACM00 15.31
Brent BRACY00 99.23 TDDCC00 2.87 BRACN00 96.36 AAVJA00 84.93 BRACM00 10.91
Cabinda CBACY00 99.68 TDDCH00 3.24 CBACN00 96.44 PCAFD00 82.55 CBACM00 12.52
CPC Blend CPACY00 100.59 CPAFA00 3.28 CPACN00 97.31 AALVX00 74.27 CPACM00 22.51
Forties FTACY00 100.02 FTAFA00 2.62 FTACN00 97.40 PCADJ00 84.78 FTACM00 12.09
Saharan Blend SHACY00 102.37 SHAFA00 1.91 SHACN00 100.46 AAGZY00 83.73 SHACM00 15.36
Urals URACY00 95.36 URAFA00 2.17 URACN00 93.19 AAWVH00 65.72 URACM00 26.10

Commodity Insights Analytics European Yields & Netbacks Effective February 9, 2024 ($/barrel)
Northwest Europe (PGA page 1811) Mediterranean (PGA page 1821)
Crack Yield Freight Crack Netback Crude Price Crack Margin Crack Yield Freight Crack Netback Crude Price Crack Margin
Agbami AGNCY00 102.79 2.63 AGNCN00 100.17
AGNFA00 AAQZB00 79.55 AGNCM00 20.62 Agbami AGMCY00 100.03 AGMFA00 2.49 AGMCN00 97.53 AAQZB00 79.55 AGMCM00 17.98
Arab Berri BENCY00 103.02 BENFA00 1.32 BENCN00 101.70 AAXDU00 84.89 BENCM00 16.81
Arab Heavy AHNCY00 91.04 TDDAN00 1.39 AHNCN00 89.66 AAXDH00 79.69 AHNCM00 9.97 Arab Heavy AHMCY00 91.30 TDDAI00 1.39 AHMCN00 89.91 AAXDH00 79.69 AHMCM00 10.82
Arab Light LINCY00 99.87 TDDAV00 1.35 LINCN00 98.52 AAXDK00 83.09 LINCM00 15.43 Arab Light LIMCY00 98.59 TDDAQ00 1.35 LIMCN00 97.24 AAXDK00 83.09 LIMCM00 14.65
Arab Medium MENCY00 94.17 TDDBD00 1.36 MENCN00 92.81 AAXDM00 82.39 MENCM00 10.42 Arab Medium MEMCY00 93.54 TDDAY00 1.37 MEMCN00 92.18 AAXDM00 82.39 MEMCM00 10.09
Azeri Light ZLNCY00 105.32 TDDBI00 2.77 ZLNCN00 102.55 AATHM00 82.47 ZLNCM00 17.49 Azeri Light* ZLMCY00 103.31 AAGZX00 86.61 ZLMCM00 16.70
Basrah Medium BLNCY00 92.53 TDDBU00 4.74 BLNCN00 87.79 BSMAM01 79.75 BLNCM00 7.29 Basrah Medium BLMCY00 92.71 TDDBR00 3.34 BLMCN00 89.36 BSMAM01 79.75 BLMCM00 8.86
Bonny Light YLNCY00 106.45 YLNFA00 2.87 YLNCN00 103.58 PCAIC00 83.15 YLNCM00 20.43 Bonny Light YLMCY00 104.42 YLMFA00 2.73 YLMCN00 101.68 PCAIC00 83.15 YLMCM00 18.53
Brent BRNCY00 101.34 TDDCD00 2.85 BRNCN00 98.50 AAVJA00 84.93 BRNCM00 13.57
Cabinda CBNCY00 100.38 TDDQR00 3.13 CBNCN00 97.24 PCAFD00 82.55 CBNCM00 14.69 Cabinda CBMCY00 98.62 CBMFA00 2.99 CBMCN00 95.63 PCAFD00 82.55 CBMCM00 13.08
CPC Blend CPNCY00 102.40 CPNFA00 3.86 CPNCN00 98.54 AALVX00 74.27 CPNCM00 24.27 CPC Blend* CPMCY00 100.02 AAGZU00 78.43 CPMCM00 21.59
Dubai DBNCY00 97.92 DBNFA00 4.40 DBNCN00 93.51 PCAAT00 81.04 DBNCM00 11.48
Eagle Ford EANCY00 102.58 EANFA00 5.90 EANCN00 96.68 AAYAT00 78.56 EANCM00 18.65 Eagle Ford EAMCY00 100.05 TNEIF00 6.22 EAMCN00 93.83 AAYAT00 78.56 EAMCM00 15.80
Ekofisk EKNCY00 103.52 TDDCT00 1.76 EKNCN00 101.75 PCADI00 86.13 EKNCM00 15.62
Forties FTNCY00 101.66 TDDEZ00 2.13 FTNCN00 99.52 PCADJ00 84.78 FTNCM00 14.74 Forties FTMCY00 99.91 FTMFA00 2.88 FTMCN00 97.02 PCADJ00 84.78 FTMCM00 12.24
Iran Heavy BHNCY00 97.19 TDDDG00 4.65 BHNCN00 92.54 AIHKA00 77.58 BHNCM00 14.05 Iran Heavy BHMCY00 96.26 TDDDF00 3.25 BHMCN00 93.01 AIHKA00 77.58 BHMCM00 14.52
Johan Sverdrup JSNCY00 97.45 JSNFA00 2.26 JSNCN00 95.19 AJSVA00 82.27 JSNCM00 12.92 Johan Sverdrup JSMCY00 95.99 JSMFA00 3.06 JSMCN00 92.93 AJSVA00 82.27 JSMCM00 10.66
Kirkuk KRNCY00 98.58 TDDGH00 3.79 KRNCN00 94.79 AAEJD00 81.42 KRNCM00 11.29 Kirkuk KRMCY00 97.48 TDDFF00 2.07 KRMCN00 95.41 AAEJD00 81.42 KRMCM00 11.91
LLS LLNCY00 107.14 LLNFA00 6.21 LLNCN00 100.93 AAQBB00 79.15 LLNCM00 21.82 LLS LLMCY00 105.00 LLMFA00 6.55 LLMCN00 98.45 AAQBB00 79.15 LLMCM00 19.34
Maya MYNCY00 83.30 MYNFA00 6.34 MYNCN00 76.97 AAYXE00 71.24 MYNCM00 5.73
Oman OMNCY00 97.43 OMNFA00 4.32 OMNCN00 93.11 PCABS00 81.04 OMNCM00 11.09 Oman OMMCY00 96.24 2.94 OMMCN00 93.30
OMMFA00 PCABS00 81.04 OMMCM00 11.28
Saharan Blend SHNCY00 103.24 TDDGI00 2.42 SHNCN00 100.82 AAGZY00 83.73 SHNCM00 17.09 Saharan Blend SHMCY00 100.92 1.76 SHMCN00 99.16
TDDFG00 AAGZY00 83.73 SHMCM00 15.43
Urals* URNCY00 100.25 PCAFW00 69.28 URNCM00 30.98 Urals* URMCY00 97.27 PCACE00 71.29 URMCM00 25.98
WTI MEH WTNCY00 103.15 WTNFA00 5.99 WTNCN00 97.15 AAYRZ00 78.30 WTNCM00 18.79
*Indicates the crude price is a CIF value
Commodity Insights Analytics Asian yields & netbacks effective February 9, 2024 ($/barrel)
Singapore (PGA page 2811) Singapore (PGA page 2811)
Crack Yield Freight Crack Netback Crude Price Crack Margin Crack Yield Freight Crack Netback Crude Price Crack Margin
Agbami AGSCY00 94.45 AGSFA00 2.57 AGSCN00 91.89 AAQZB00 79.55 AGSCM00 12.42 Forties FTSCY00 92.60 TNEFD00 3.97 FTSCN00 88.63 PCADJ00 84.78 FTSCM00 3.93
Arab Berri BESCY00 93.19 BESFA00 1.58 BESCN00 91.61 AAXDV00 82.59 BESCM00 9.02 Kimanis KISCY00 102.82 KISFA00 1.30 KISCN00 101.52 AASCL00 89.21 KISCM00 12.31
Arab Heavy AHSCY00 83.17 TDDAO00 1.63 AHSCN00 81.53 AAXDG00 80.74 AHSCM00 0.79 LLS LLSCY00 96.55 LLSFA00 4.46 LLSCN00 92.08 AAZDC00 79.01 LLSCM00 13.05
Arab Light LISCY00 90.96 TDDAW00 1.61 LISCN00 89.35 AAXDJ00 82.54 LISCM00 6.81 Mars MRSCY00 88.76 MRSFA00 4.62 MRSCN00 84.14 AAMBR00 76.94 MRSCM00 7.81
Arab Medium MESCY00 85.88 TDDBE00 1.62 MESCN00 84.26 AAXDL00 81.79 MESCM00 2.47 Maya MYSCY00 80.57 MYSFA00 4.85 MYSCN00 75.73 AAYXG00 71.89 MYSCM00 3.84
Basrah Medium BHSCY00 85.00 BHSFA00 1.72 BHSCN00 83.28 BSMAM01 79.75 BHSCM00 3.04 Minas MNSCY00 96.35 TDDDX00 1.30 MNSCN00 95.05 PCABO00 75.71 MNSCM00 19.34
Bonny Light YLSCY00 97.06 YLSFA00 2.77 YLSCN00 94.28 PCAIC00 83.15 YLSCM00 11.21 Oman OMSCY00 87.14 TDDEB00 1.45 OMSCN00 85.69 PCABS00 81.04 OMSCM00 4.65
Cabinda CBSCY00 95.18 TDDQS00 2.67 CBSCN00 92.51 PCAFD00 82.55 CBSCM00 10.04 Qua lboe QBSCY00 97.63 QBSFA00 2.78 QBSCN00 94.85 PCAID00 83.65 QBSCM00 11.28
Castilla CSSCY00 76.07 CSSFA00 4.95 CSSCN00 71.13 AAVEQ00 72.25 CSSCM00 -0.51 Saharan Blend SHSCY00 92.50 SHSFA00 2.79 SHSCN00 89.72 AAGZY00 83.73 SHSCM00 5.23
Dalia DLSCY00 95.74 DLSFA00 2.77 DLSCN00 92.97 AAQYX00 80.75 DLSCM00 12.30 Tapis TPSCY00 95.28 TDDEO00 1.27 TPSCN00 94.01 PCACB00 83.96 TPSCM00 10.05
Dubai DBSCY00 89.98 TDDCQ00 1.52 DBSCN00 88.46 PCAAT00 81.04 DBSCM00 7.42 Tupi* LUSCY00 94.59 LUQDA00 83.61 LUSCM00 12.13
Duri DRSCY00 94.55 TDDCR00 1.44 DRSCN00 93.11 PCABA00 86.36 DRSCM00 6.75 Urals URSCY00 90.63 URSFA00 2.93 URSCN00 87.70 AAGZS00 65.72 URSCM00 22.06
Eagle Ford EASCY00 94.24 EASFA00 4.28 EASCN00 89.96 AAYAT00 78.56 EASCM00 12.01 WTI MEH WTSCY00 94.16 WTSFA00 4.35 WTSCN00 89.81 AAZDF00 78.21 WTSCM00 11.53
ESPO ESSCY00 93.90 ESSFA00 1.31 ESSCN00 92.59 AARWF00 77.02 ESSCM00 15.57
*Indicates the crude price is a CIF value

Crude Carbon Intensity
A daily supplement to Crude Oil Marketwire
Platts crude carbon intensity assessments - grades, February 9, 2024 (PGA/PCR page 4206)
Daily Carbon Intensity Premium Monthly Carbon Intensity*
Symbol $/b Symbol Date kg CO2 eq/b
Africa (PGA/PCR page 4206)
Saharan Blend AGING00 0.33 AGINO40 Dec-23 26.02
North America (PGA/PCR page 4206)

WTI Midland WXTIC00 0.50 WXTIC40 Dec-23 38.83
Europe (PGA/PCR page 4206)

Brent BXREC00 0.82 BXREC40 Dec-23 63.97
Ekofisk EXKOC00 0.30 EXKOC40 Dec-23 23.04
Forties FXORC00 0.29 FXORC40 Dec-23 22.49
Oseberg OXSEC00 1.28 OXSEC40 Dec-23 99.49
Troll TXROC00 5.98 TXROC40 Dec-23 465.23
Middle East (PGA/PCR page 4206)

Al-Shaheen AGINC00 0.12 AGINK40 Dec-23 9.58
Arab Light AGINF00 0.24 AGINN40 Dec-23 18.97
Das Blend AGINE00 0.31 AGINM40 Dec-23 24.24
Dubai AGINA00 0.35 AGINI40 Dec-23 26.98
Murban AGINH00 0.30 AGINP40 Dec-23 23.40
Oman AGINB00 0.25 AGINJ40 Dec-23 19.21
UpperZakum AGIND00 0.17 AGINL40 Dec-23 13.01
Upstream CI values are modelled on a marginal basis and are published monthly. CI Premiums are assessed daily.
*Upstream marginal CI value is assessed from the field to the storage terminal.
Details on the Platts methodology can be found at spglobal.com/commodityinsights/.
Platts crude carbon intensity assessments - fields, February 9, 2024 (PGA page 4200)
Daily Carbon Intensity Premium Monthly Carbon Intensity* Daily Transport Carbon Intensity Premium Monthly Transport Carbon Intensity**
Symbol $/boe Symbol Date kg CO2 eq/boe Route Symbol $/b Symbol Date kg CO2 eq/b
Asia Pacific & Middle East Fields (PGA/PCR page 4201)
China
Bozhong BOZHC00 0.43 BOZHC40 Dec-23 33.51 Bohai Pengbo-Singapore BOZHC10 0.05 BOZHC50 Dec-23 4.24
India
Bombay High MUMBC00 0.33 MUMBC40 Dec-23 25.64 Bombay High-Qingdao MUMBC10 0.09 MUMBC50 Dec-23 6.80
Iran
Marun MARUC00 0.44 MARUC40 Dec-23 34.59 Kharg Island-Qingdao MARUC10 0.12 MARUC50 Dec-23 8.96
Iraq
Kirkuk KIRKC00 0.56 KIRKC40 Dec-23 43.37 Ceyhan-R’dam KIRKC10 0.06 KIRKC50 Dec-23 4.55
Rumaila RUMAC00 0.28 RUMAC40 Dec-23 21.64 Al Basrah-Sikka RUMAC10 0.03 RUMAC50 Dec-23 2.09
www.spglobal.com/commodityinsights
Platts crude carbon intensity assessments - fields (continued) (PGA page 4200)
West Qurna-2 WESTC00 0.38 WESTC40 Dec-23 29.70 Al Basrah-Sikka WESTC10 0.03 WESTC50 Dec-23 2.22
Zubair ZUBAC00 0.46 ZUBAC40 Dec-23 35.68 Al Basrah-Sikka ZUBAC10 0.03 ZUBAC50 Dec-23 2.09
Kuwait
Burgan BURGC00 0.22 BURGC40 Dec-23 16.83 Mina-Ulsan BURGC10 0.12 BURGC50 Dec-23 9.31
Oman
Oman Basin AMRGF00 0.23 AMRGS40 Dec-23 18.23 Salalah-Tranmere ASITF10 0.11 ASITS50 Dec-23 8.59
Qatar
Al-Shaheen AMRGE00 0.11 AMRGR40 Dec-23 8.73 Al-Shaheen-Singapore ASITE10 0.07 ASITR50 Dec-23 5.63
Dukhan DUKHC00 1.48 DUKHC40 Dec-23 115.39 Mesaieed-Singapore DUKHC10 0.07 DUKHC50 Dec-23 5.03
Saudi Arabia
Abu Hadriya AMRGI00 0.23 AMRGV40 Dec-23 18.18 Ras Tanura-Ain Sukhna ASITI10 0.02 ASITV50 Dec-23 1.27
Ghawar GHWRC00 0.23 GHWRC40 Dec-23 17.87 Ras Tanura-Qingdao GHWRC10 0.11 GHWRC50 Dec-23 8.33
Khurais AMRGH00 0.23 AMRGU40 Dec-23 17.85 Ras Tanura-Ain Sukhna ASITH10 0.02 ASITU50 Dec-23 1.20
Safaniya SAFAC00 0.20 SAFAC40 Dec-23 15.53 Ras Tanura-Changxing SAFAC10 0.12 SAFAC50 Dec-23 9.53
Zuluf ZULUC00 0.29 ZULUC40 Dec-23 22.25 Ras Tanura-Changxing ZULUC10 0.12 ZULUC50 Dec-23 9.24
UAE
Abu Al Bukhoosh AMRGM00 0.15 AMRGZ40 Dec-23 11.27 Zirku-Sikka ASITM10 0.02 ASITZ50 Dec-23 1.65
El Bunduq AMRGL00 0.46 AMRGY40 Dec-23 35.91 Zirku-Sikka ASITL10 0.02 ASITY50 Dec-23 1.57
Falah AMRGA00 0.14 AMRGN40 Dec-23 10.69 Falah-Kiire ASITA10 0.13 ASITN50 Dec-23 10.36
Fateh FATEC00 0.22 FATEC40 Dec-23 17.13 Fateh-Kiire FATEC10 0.11 FATEC50 Dec-23 8.56
Lower Zakum AMRGD00 0.15 AMRGQ40 Dec-23 11.59 Zirku-Sikka ASITD10 0.02 ASITQ50 Dec-23 1.70
Murban MURBC00 0.25 MURBC40 Dec-23 19.45 Fujairah-Chiba MURBC10 0.11 MURBC50 Dec-23 8.55
Nasr AMRGK00 0.19 AMRGX40 Dec-23 15.02 Zirku-Sikka ASITK10 0.02 ASITX50 Dec-23 1.62
Rashid AMRGB00 0.42 AMRGO40 Dec-23 32.60 Mina-Kiire ASITB10 0.13 ASITO50 Dec-23 10.17
Umm Shaif AMRGJ00 0.29 AMRGW40 Dec-23 22.69 Zirku-Sikka ASITJ10 0.02 ASITW50 Dec-23 1.60
Upper Zakum AMRGC00 0.15 AMRGP40 Dec-23 11.70 Zirku-Zhoushan ASITC10 0.12 ASITP50 Dec-23 9.05
Africa Fields (PGA/PCR page 4202)

Algeria
Hassi Messaoud AMRGG00 0.29 AMRGT40 Dec-23 22.15 Skikda-Tranmere ASITG10 0.03 ASITT50 Dec-23 2.07
Angola
Girassol GRSLC00 0.15 GRSLC40 Dec-23 11.81 Girassol-Qingdao GRSLC10 0.17 GRSLC50 Dec-23 13.18
Libya
Waha WAHAC00 0.46 WAHAC40 Dec-23 35.84 Zawia-Augusta WAHAC10 0.01 WAHAC50 Dec-23 0.44
Nigeria
Agbami AGBAC00 0.34 AGBAC40 Dec-23 26.10 Agbami-Paradip AGBAC10 0.13 AGBAC50 Dec-23 10.25
Bonga BONGC00 0.16 BONGC40 Dec-23 12.35 Bonga-R’dam BONGC10 0.08 BONGC50 Dec-23 6.26
Europe Fields (PGA/PCR page 4202)

Azerbaijan
Azeri AZERC00 0.23 AZERC40 Dec-23 18.24 Ceyhan-Sarroch AZERC10 0.03 AZERC50 Dec-23 1.93
Kazakhstan
Tengiz TNGZC00 0.25 TNGZC40 Dec-23 19.46 Novo-R’dam TNGZC10 0.06 TNGZC50 Dec-23 4.62
Norway
Alvheim ALVHC00 0.11 ALVHC40 Dec-23 8.77 Alvheim-Le Havre ALVHC10 0.01 ALVHC50 Dec-23 0.85

Brage BRAGC00 0.92 BRAGC40 Dec-23 71.26 Sture - Brofjorden BRAGC10 0.01 BRAGC50 Dec-23 0.48
Edvard-Grieg EDVAC00 0.06 EDVAC40 Dec-23 4.33 Edvard Grieg-Sarroch EDVAC10 0.04 EDVAC50 Dec-23 2.97
Ekofisk EKFSC00 0.35 EKFSC40 Dec-23 27.06 Teesside-R’dam EKFSC10 0.01 EKFSC50 Dec-23 0.36
Embla EMBLC00 0.07 EMBLC40 Dec-23 5.32 Teesside-R’dam EMBLC10 0.01 EMBLC50 Dec-23 0.36
Fram FRAMC00 0.17 FRAMC40 Dec-23 13.35 Mongstad-R’dam FORTD10 0.01 FORTD50 Dec-23 0.84
Goliat GOLIC00 0.04 GOLIC40 Dec-23 2.96 Goliat-R’dam GOLIC10 0.02 GOLIC50 Dec-23 1.73
Grane GRANC00 0.06 GRANC40 Dec-23 4.32 Sture-Immingham GRANC10 0.01 GRANC50 Dec-23 0.63
Gullfaks GULLC00 0.18 GULLC40 Dec-23 14.30 Gullfaks-Brofjorden GULLC10 0.01 GULLC50 Dec-23 0.46
Heidrun HEIDC00 0.16 HEIDC40 Dec-23 12.38 Heidrun-R’dam HEIDC10 0.02 HEIDC50 Dec-23 1.22
Ivar-Aasen IVARC00 0.03 IVARC40 Dec-23 2.40 Ivar Aasen-R’dam IVARC10 0.01 IVARC50 Dec-23 0.80
Johan Sverdrup JSVRC00 0.02 JSVRC40 Dec-23 1.55 Mongstad-R’dam JSVRC10 0.01 JSVRC50 Dec-23 0.79
Oseberg OSEBC00 0.26 OSEBC40 Dec-23 20.17 Sture-R’dam OSEBC10 0.01 OSEBC50 Dec-23 0.69
Snorre SNORC00 0.18 SNORC40 Dec-23 13.92 Snorre-Statfjord SNORC10 0.00 SNORC50 Dec-23 0.14
Statfjord STATC00 4.23 STATC40 Dec-23 329.08 Statfjord-R’dam STATC10 0.01 STATC50 Dec-23 0.75
Troll TROLC00 0.25 TROLC40 Dec-23 19.70 Mongstad-R’dam TROLC10 0.01 TROLC50 Dec-23 0.79
Ula ULACC00 0.64 ULACC40 Dec-23 49.60 Teesside-R’dam ULACC10 0.01 ULACC50 Dec-23 0.37
Valhall VALHC00 0.07 VALHC40 Dec-23 5.30 Valhall-R’dam VALHC10 0.00 VALHC50 Dec-23 0.35
United Kingdom
Alwyn North ALWYC00 0.06 ALWYC40 Dec-23 4.59 Sullom Voe-R’dam ALWYC10 0.01 ALWYC50 Dec-23 0.81
Arbroath ARBRC00 0.11 ARBRC40 Dec-23 8.86 Houndpoint-R’dam ARBRC10 0.01 ARBRC50 Dec-23 0.55
Auk AUKCD00 0.23 AUKCC40 Dec-23 17.49 Teesside-R’dam AUKCC10 0.01 AUKCC50 Dec-23 0.37
Brae BRAEC00 0.15 BRAEC40 Dec-23 11.74 Houndpoint-R’dam BRAEC10 0.01 BRAEC50 Dec-23 0.56
Bruce BRUCC00 0.75 BRUCC40 Dec-23 58.31 Houndpoint-R’dam BRUCC10 0.01 BRUCC50 Dec-23 0.56
Buzzard BZRDC00 0.25 BZRDC40 Dec-23 19.24 Houndpoint-R’dam BZRDC10 0.01 BZRDC50 Dec-23 0.53
Captain CAPTC00 0.43 CAPTC40 Dec-23 33.63 Captain-Hamburg CAPTC10 0.01 CAPTC50 Dec-23 0.72
Catcher CATCC00 0.18 CATCC40 Dec-23 13.81 Catcher-R’dam CATCC10 0.01 CATCC50 Dec-23 0.48
Clair CLAIC00 0.15 CLAIC40 Dec-23 11.57 Clair-Stanlow CLAIC10 0.01 CLAIC50 Dec-23 0.91
Clyde CLYDC00 0.40 CLYDC40 Dec-23 31.31 Teesside-R’dam CLYDC10 0.01 CLYDC50 Dec-23 0.37
Cormorant CORMC00 0.82 CORMC40 Dec-23 63.57 Sullom Voe-R’dam CORMC10 0.01 CORMC50 Dec-23 0.82
Everest EVERC00 0.18 EVERC40 Dec-23 14.00 Houndpoint-R’dam EVERC10 0.01 EVERC50 Dec-23 0.55
Forties FORTC00 0.18 FORTC40 Dec-23 13.76 Houndpoint-R’dam FORTC10 0.01 FORTC50 Dec-23 0.56
Gannet GANNC00 0.21 GANNC40 Dec-23 16.26 Teesside-R’dam GANNC10 0.01 GANNC50 Dec-23 0.38
Golden-Eagle GOLDC00 0.29 GOLDC40 Dec-23 22.76 Golden Eagle-Grangemouth GOLDC10 0.00 GOLDC50 Dec-23 0.14
Joanne JOANC00 0.08 JOANC40 Dec-23 6.14 Teesside-R’dam JOANC10 0.01 JOANC50 Dec-23 0.37
Judy JUDYC00 0.33 JUDYC40 Dec-23 25.93 Teesside-R’dam JUDYC10 0.01 JUDYC50 Dec-23 0.38
Kraken KRAKC00 0.26 KRAKC40 Dec-23 20.29 Kraken-R’dam KRAKC10 0.01 KRAKC50 Dec-23 0.80
Magnus MAGNC00 0.17 MAGNC40 Dec-23 12.84 Sullom Voe-R’dam MAGNC10 0.01 MAGNC50 Dec-23 0.81
Mariner MARIC00 0.17 MARIC40 Dec-23 13.49 Mariner-Pascagoula MARIC10 0.09 MARIC50 Dec-23 6.85
Nelson NELSC00 0.12 NELSC40 Dec-23 9.64 Houndpoint-R’dam NELSC10 0.01 NELSC50 Dec-23 0.55
Ninian NINIC00 1.98 NINIC40 Dec-23 153.78 Sullom Voe-R’dam NINIC10 0.01 NINIC50 Dec-23 0.83
Schiehallion SCHIC00 0.21 SCHIC40 Dec-23 16.47 Schiellhallion-R’dam SCHIC10 0.01 SCHIC50 Dec-23 0.85
Scott SCOTC00 0.14 SCOTC40 Dec-23 10.67 Houndpoint-R’dam SCOTC10 0.01 SCOTC50 Dec-23 0.55
Tiffany TIFFC00 0.16 TIFFC40 Dec-23 12.22 Houndpoint-R’dam TIFFC10 0.01 TIFFC50 Dec-23 0.55
Toni TONIC00 0.17 TONIC40 Dec-23 12.96 Houndpoint-R’dam TONIC10 0.01 TONIC50 Dec-23 0.55
Russia
Samotlor SAMOC00 0.37 SAMOC40 Dec-23 29.00 Primorsk-R’dam SAMOC10 0.03 SAMOC50 Dec-23 1.97

North America Fields
Canada (PGA/PCR page 4204)
Bakken-Canada BAKKC00 0.45 BAKKC40 Dec-23 35.22 Canada-USMW BAKKC10 0.05 BAKKC50 Dec-23 3.91
Cold Lake CDLKC00 1.08 CDLKC40 Dec-23 83.81 W Canada-USMW CDLKC10 0.06 CDLKC50 Dec-23 4.86
CVE Christina Lake CVECC00 0.57 CVECC40 Dec-23 44.42 Canada-USMW CVECC10 0.06 CVECC50 Dec-23 4.86
Foster Creek FOSTC00 0.76 FOSTC40 Dec-23 58.72 Canada-USGC FOSTC10 0.07 FOSTC50 Dec-23 5.69
Hebron HEBRC00 0.13 HEBRC40 Dec-23 9.69 Hebron-Canada HEBRC10 0.11 HEBRC50 Dec-23 8.89
Hibernia HIBEC00 0.39 HIBEC40 Dec-23 30.41 Hibernia-Canada HIBEC10 0.13 HIBEC50 Dec-23 9.82
Jackfish JACKC00 0.89 JACKC40 Dec-23 69.54 Canada-USMW JACKC10 0.06 JACKC50 Dec-23 4.37
MEG Christina Lake MEGCC00 0.76 MEGCC40 Dec-23 58.81 Canada-USGC MEGCC10 0.08 MEGCC50 Dec-23 5.99
Montney Shale MONTC00 0.36 MONTC40 Dec-23 27.95 Montney-Canada MONTC10 0.01 MONTC50 Dec-23 0.81
Surmont SURMC00 0.85 SURMC40 Dec-23 65.74 Canada-USGC SURMC10 0.07 SURMC50 Dec-23 5.54
United States (PGA/PCR page 4205)
Bakken BAKNC00 0.28 BAKNC40 Dec-23 21.42 Beaumont-R’dam BAKNC10 0.08 BAKNC50 Dec-23 6.46
Denver-Julesburg DENVC00 0.36 DENVC40 Dec-23 28.35 Denver-USGC DENVC10 0.03 DENVC50 Dec-23 2.47
Eagle Ford EGFDC00 0.22 EGFDC40 Dec-23 16.70 Houston-Qingdao EGFDC10 0.17 EGFDC50 Dec-23 12.85
Mars-Ursa MRURC00 0.18 MRURC40 Dec-23 13.72 Mars-Qingdao MRURC10 0.18 MRURC50 Dec-23 14.04
Permian Delaware PRDLC00 0.23 PRDLC40 Dec-23 17.79 Corpus Christi-R’dam PRDLC10 0.08 PRDLC50 Dec-23 6.51
Permian Midland PRMDC00 0.25 PRMDC40 Dec-23 19.19 Corpus Christi-R’dam PRMDC10 0.09 PRMDC50 Dec-23 6.70
Prudhoe-Bay PRUDC00 0.42 PRUDC40 Dec-23 32.88 Alaska-USWC PRUDC10 0.04 PRUDC50 Dec-23 2.86
San-Joaquin SANMC00 2.26 SANMC40 Dec-23 175.94 San Joaquin-SoCal SANAC10 0.01 SANAC50 Dec-23 0.77
SCOOP-STACK SCOOC00 0.42 SCOOC40 Dec-23 32.35 Oklahoma-USGC SCOOC10 0.01 SCOOC50 Dec-23 1.01
Tahiti TAHIC00 0.21 TAHIC40 Dec-23 16.51 Tahiti-Yeosu TAHIC10 0.17 TAHIC50 Dec-23 13.15
Latin America Fields (PGA/PCR page 4203)

Brazil
Tupi TUPIC00 0.22 TUPIC40 Dec-23 17.11 Rio-Qingdao TUPIC10 0.20 TUPIC50 Dec-23 15.64
Colombia
Cusiana CUSIC00 0.28 CUSIC40 Dec-23 22.12 Tolu-Houston CUSIC10 0.03 CUSIC50 Dec-23 2.28
Ecuador
Sacha SACHC00 0.29 SACHC40 Dec-23 22.21 Esmeraldas-Long Beach SACHC10 0.06 SACHC50 Dec-23 4.57
Mexico
Cantarell CNTLC00 0.27 CNTLC40 Dec-23 21.31 Cantarell-Bilbao CNTLC10 0.09 CNTLC50 Dec-23 7.22
Venezuela
Orinoco Oil Belt ORINC00 4.19 ORINC40 Dec-23 326.02 Jose-Sikka ORINC10 0.18 ORINC50 Dec-23 14.29
Upstream CI values are modelled on a marginal basis and are published monthly. Carbon Intensity Premiums are assessed daily. Venezuela’s Orinoco Belt upstream marginal carbon intensity is calculated using only the Hamaca basin.
*Upstream marginal CI number is assessed from the field to the storage terminal. **Transport CI is calculated from storage terminal to refinery gate and for shipping routes assumes an Aframax vessel.
Details on the Platts methodology can be found at spglobal.com/commodityinsights/.

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Crude Oil Marketwire

Asia Pacific and Middle East crude assessments ($/barrel)

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Middle East spot assessments ($/barrel) (PGA page 2220)

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PLATTS DUBAI: APR24: UNIPEC SELLS TO

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PLATTS DUBAI: APR24: GUNVOR SELLS TO MITSUI*

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Platts Dubai Derivatives Bids Summary

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condensate and deodorized field condensate heard as

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Reported spot cash transactions (PGA page 3)

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Marlim USGC Coking Netback

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Commodity Insights Analytics US Yields & Netback ($/barrel) (continued)

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© 2024 by S&P Global Inc. All rights reserved. 31