CS-CRUDE-URL-NOV-SX-DIFF
Series Specification · Version 1.0 · Document issued 21 September 2026
Urals Novorossiysk Suezmax, FOB Novorossiysk
Standard Basis
The published premium or discount of Urals Novorossiysk Suezmax versus Mediterranean Dated strip on a FOB Novorossiysk loading basis, expressed in USD per barrel. Publication cadence is daily.
A published value is an estimate of the prevailing market level for this Standard Basis. It is not a bid, offer, executable quotation or guaranteed price.
Specification Table
- Series code
- CS-CRUDE-URL-NOV-SX-DIFF
- Assessment type
- CommodityScope Indicative Assessment
- Product
- Urals Novorossiysk Suezmax
- Market
- Europe & Med — Novorossiysk
- Delivery basis
- FOB
- Origin
- Novorossiysk
- Assessment unit
- USD per barrel (USD/bbl)
- Frequency
- Daily
- Published values
- Assessment Midpoint
- Methodology family
- Oil Products & Physical Crude Methodology
- Methodology version
- 1.0
- Parent methodology
- CS-METH-OIL
- Document issued
- 21 September 2026
Market definition
Delivery basis
Free on Board at the stated loading location (Novorossiysk). This Series is a published differential (premium or discount) on that FOB loading basis versus Mediterranean Dated strip. It is not an outright cargo value.
Origin
Novorossiysk
Cargo
Cargo size is not specified for this Series.
Loading window
Loading window is not specified for this Series.
Publication schedule
Daily cadence. Updates follow the daily publication cycle when a qualifying market observation is available. Each value retains its assessment date.
Assessment cutoff is not specified for this Series.
Exclusions and related markets
- A different product, geography or commercial basis is a different series.
The Assessment Midpoint of CS-CRUDE-URL-NOV-SX-DIFF is formed from this Series’ own validated market observations. No related series enters the Assessment Midpoint. Under Oil Methodology 1.0, only a listed same-unit related forward may support Assessment Range construction. This Series currently has no listed related pair.
Comparability is evaluated against the stated basis; adjustments apply only where the family methodology defines them.
Parent methodology
This specification defines the market basis of CS-CRUDE-URL-NOV-SX-DIFF and is governed by Oil Products & Physical Crude Methodology version 1.0.
Revision History
| Version | Date | Change |
|---|---|---|
| 1.0 | Document issued 21 September 2026 | Initial issue of the series specification. Urals Novorossiysk Suezmax; published differential; FOB Novorossiysk; versus Mediterranean Dated strip; USD per barrel (USD/bbl); daily cadence; Oil Products & Physical Crude Methodology 1.0. |
Methodology questions: [email protected]