Subscriber note: Platts to reflect existing standards in BFOE assessments

Platts will continue to reflect existing editorial standards in its BFOE Brent cash assessments. While the industry may be exploring alternative concepts, including the possible introduction of escalator mechanisms within BFOE, Platts' assessments shall not reflect escalators until a formal methodology change has been proposed, announced, and reviewed with all interested stakeholders, and formally implemented. Platts will only publish BFOE bids, offers and intentions of interest to trade that reflect existing BFOE standards. Please send any questions or comments to oilgroup@platts.com and pricegroup@platts.com.