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What is an oil cargo worth?
Connect barrels, price, losses and adjustments in one shareable explanation.
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The idea in plain language.
A cargo value starts with the number of payable barrels and the adjusted price for each barrel. Quantity loss and quality adjustments can change the result before freight or other entered costs are removed.
- Loaded barrels Start with the measured quantity placed on the ship.
- Payable barrels Subtract the stated percentage lost or not delivered.
- Estimated value Multiply by adjusted price, then subtract entered costs.
Try it with your own choices.
Change an input and build a short explanation you can read, check and share.
What the answer means—and what it does not.
These checks stop a useful shortcut from turning into a misleading claim.
Why can barrels disappear?
Measurement differences, handling and contract allowances can make payable quantity lower than loaded quantity.
What is a quality adjustment?
A crude grade may be priced above or below a benchmark. Enter a positive premium or a negative discount per barrel.
Is this an invoice?
No. A real contract can use pricing windows, freight, insurance, taxes, demurrage and other terms not known here.
Worked example
Worked example: one million loaded barrels
At $75 per barrel, a $2 quality discount, 0.2% quantity loss and no extra costs, 998,000 payable barrels are valued at $72,854,000.
Illustrative arithmetic. It is not a current quote, forecast or transaction offer.- Loaded
- 1,000,000 bbl
- Payable
- 998,000 bbl
- Adjusted price
- $73 / bbl
- Estimated value
- $72.854m
Check the evidence and keep exploring.
A short story is a starting point. Open the underlying data, method or full tool before using the answer in a decision.
Open the full cargo calculator Save inputs, inspect scenarios and download a worksheet.
Understand crude quality Compare API gravity, sulfur and named crude grades.
Check oil benchmarks Explore WTI, Brent and other price references.