Platts proposes to change Medanito crude FOB typical cargo size effective April 2

Following industry feedback, Platts, part of S&P Global Commodity Insights, proposes to revise its Medanito FOB assessment typical cargo size from 450,000 barrels to 600,000 barrels, effective April 2

Platts also proposes to include a 450,000-barrel minimum and a 750,000-barrel maximum for cargoes that would be included in these assessments.

Platts reports that cargoes loading on a FOB basis from the Puerto Rosales terminal in Buenos Aires, Argentina, are consistently around 600,000 barrels if there is adequate draft availability. Industry feedback suggests that this cargo size has now become the standard for FOB trading in the region.

The assessments are published under the following Platts symbols:

AMTOA00 Medanito FOB Argentina

AMTOA03 Medanito FOB Argentina MAvg

AMTOB00 Medanito FOB Argentina vs Latin America Brent Futures Strip

AMTOB03 Medanito FOB Argentina vs Latin America Brent Futures Strip MAvg

AMTOD00 Medanito FOB Argentina vs Latin America Dated Brent Strip

AMTOD03 Medanito FOB Argentina vs Latin America Dated Brent Strip MAvg

AMTOC00 Medanito FOB Argentina vs Latin America WTI Strip

AMTOC03 Medanito FOB Argentina vs Latin America WTI Strip MAvg

Platts would reflect a typical cargo size between 450,000 and 750,000 barrels. For other cargo sizes within that range, Platts may normalize them to a 600,000-barrel standard by considering freight cost and market feedback.

Please send all further feedback and comments by Feb. 28 to americas_crude@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.

Platts will consider all comments received and will make comments not marked as confidential available upon request.