Subscriber note: Platts confirms plans for month-ahead Brent from March 2015

Following continued feedback and engagement since 2011, Platts confirms its plans to move in March 2015 to full month-ahead assessment processes for its North Sea Dated Brent, cash Brent (BFOE) and related markets. Platts has been consulting with the industry over the need to modify calendars from the existing 25-day structure to a full month-ahead structure, to reflect a continued trend towards farther-forward trading in the physical markets. The affirmation of a month ahead timing structure means that March cash Brent 2015 BFOE would last be assessed on January 30, 2015. Dated cargoes would follow the same structure, with Platts considering in its assessment process dated cargoes loading in March 2015 onwards where the seller would provide the buyer with a full month notice of the loading laycan. Please send all comments to europe_crude@platts.com and pricegroup@platts.com