Platts discontinues publication of Basrah Light OSPs globally

S&P Global Platts has discontinued publication of Iraqi Basrah Light crude official selling prices globally from Jan. 5, 2022.

Platts understands Iraq's state marketer SOMO has halted exports of the grade from January 2022. SOMO no longer publishes OSPs for Basrah Light crude from December 2021.

Platts first announced plans to discontinue publication of several Basrah Light crude assessments and OSPs in a subscriber note published Oct 28: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/102821-platts-to-discontinue-basrah-light-assessments

The following were discontinued from Jan. 5, 2022

OSP Differentials Outright OSP

Basrah Asia AAIPE00 AAINM00

Basrah Euro AAIPH00 AAINP00

Basrah US AAIPG00 AAINO00

On Dec. 1 Platts discontinued its daily assessments for Basrah Light M1 (AALZA00) and Basrah Light M1 spread versus OSP (AALZE00) in Asia and Basrah Light assessments for barrels delivered to the US Gulf Coast: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/120121-platts-discontinues-asia-usgc-basrah-light-assessments

On Nov. 1, Platts discontinued its daily assessments for Basrah Light M2 (AALZB00), Basrah Light M2 spread versus OSP (AALZF00) and Basrah Light CFR North Asia daily assessment (PCAQK00): https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/110121-platts-discontinues-asia-basrah-light-m2-assessments

Separately, Platts has launched Basrah Medium assessments on a CFR North Asia basis from Jan. 3, 2022: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/010322-platts-launches-basrah-medium-cfr-north-asia-assessment

Please send any comments or questions to oilgroup@spglobal.com and pricegroup@spglobal.com. Platts will consider all comments received and will make comments not marked as confidential available upon request.