Crude Oil

March 01, 2024

Platts discontinues Marlim crude price assessments

Platts, part of S&P Global Commodity Insights, has discontinued publishing price assessments for Brazil's Marlim crude, effective March 1, 2024. This is due to declining production and limited spot market activity as production is consumed domestically.

This discontinuation was proposed Dec. 6, 2023 https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/120623-platts-proposes-discontinuation-of-marlim-crude-price-assessments, and the decision was announced on Jan. 22, 2024. Platts clarified the scope of the discontinuation on Feb. 9 https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/020924-platts-clarifies-marlim-crude-price-discontinuation.

Platts understands market participants do not anticipate spot trading activity to resume in the near future. Platts will continue to publish its Tupi FOB assessments and invites feedback on other potential assessments of Brazilian crude grades.

The discontinuation will affect the following codes:

The discontinuation will affect the following codes:
Assessment Daily Monthly Average
Marlim AAITF00 AAITG00
Diff to Dated Brent Strip AAXBJ00 AAXBJ03
Diff to Brent Strip AAXBY00 AAXBY03
Diff to WTI Strip AAITL00 AAITM00
These symbols will be also be discontinued:
Assessment Daily Weekly Average Monthly Average
Marlim USGC Cracking Netback Margin MLGCM00 MLGCM04 MLGCM03
Marlim USGC Cracking Netback MLGCN00 MLGCN04 MLGCN03
Marlim USGC Cracking Yield MLGCY00 MLGCY04 MLGCY03
Marlim USGC Coking Netback Margin MLGOM00 MLGOM04 MLGOM03
Marlim USGC Coking Netback MLGON00 MLGON04 MLGON03
Marlim USGC Coking Yield MLGOY00 MLGOY04 MLGOY03
Marlim USGC Freight TDDGK00 TDDGK04 TDDGK03

The prices appeared on Platts Global Alert page 280, 281 and in Latin Wire, Crude Oil Marketwire and Oilgram Price Report. Please send any feedback or questions 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 to the public upon request.