Platts proposes 3:15 pm ET basis for Americas

Platts is considering the use of futures prices prevailing exactly at 3:15 pm Eastern Time (ET) as part of its physical assessments for Americas crude oil, refined products and derivatives.

These instruments typically trade on a differential or EFP basis and Platts tracks those values up to 3:15 pm ET. Platts has been using the futures settlements prevailing at 2:30 pm ET as the basis in those cases where it is applicable.

The proposed launch date for this shift is June 1, 2009.

For any questions or comments, please contact Esa Ramasamy, +1 713 658 3292, esa_ramasamy@platts.com, with a cc to pricegroup@platts.com.

For additional information, please view the following document: http://www.platts.com/Oil/Resources/Market%20Issues/plattsproposal09.pdf?S=n