Subscriber note: Platts opens consultation on possible 45-day structure for Brent from 2020

Platts requests feedback on a proposal to potentially adjust the timings reflected in its Brent crude oil assessment processes to a 45-days-ahead structure in the year 2020. Platts currently assesses Dated Brent and related instruments using a 25-day structure, and has confirmed that this will evolve to a full month-ahead structure in 2015. These developments, as well as the proposed move to a 45-day structure, align with the evolution of North Sea supply trends towards the trading of cargoes with longer lead times ahead of loading. Platts recognizes the need to provide clarity in various long-term calendars as Brent liquidity extends further into the future. Please send all comments to europe_crude@platts.com and pricegroup@platts.com