Subscriber note: Platts to shorten MOC extension trigger for Middle East crude

Following feedback to its January 7, 2013 proposal, Platts will shorten the time in which an extension is triggered in the Market on Close assessment process for Dubai, Oman, Upper Zakum partials, partial spreads and cargoes to any price move or a rebid/re-offer occurring in the last 10 seconds prior to the close of the MOC at 16:30:00, effective March 1, 2013. Currently an extension is triggered by any price move or a rebid/re-offer in the 60-second period prior to the close of the MOC at 16:30:00 Singapore time. For comments or questions please contact asia_crude@platts.com and pricegroup@platts.com.