Platts discontinues Nile Blend crude differential to Minas ICP assessment Mar 2, 2020

S&P Global Platts has discontinued its assessment of Nile Blend crude differential to Minas Indonesia Crude Price (ICP) with effect from March 2, 2020.

Platts understands that the spot market for Nile Blend crude, which is produced from oil fields in Sudan and South Sudan, now typically trades as a differential against Platts Dated Brent crude assessments.

Platts will continue to publish its assessment of Nile Blend differential to Asia Dated Brent under code AAPAM00.

The following assessments for Nile Blend crude differential to Minas ICP, presently published on Platts Global Alert (PGA) Page 2216, will be discontinued:

Assessment CODE Mavg

Nile Blend FOB Sudan vs ICP AAPEX00 AAPEX03

Platts first proposed this discontinuation in a subscriber note published November 27, 2019: http://plts.co/EwcO50xGpby

The discontinuation of Nile Blend crude differential to Minas ICP would not alter any other aspects of Platts assessments of the crude. Platts also assesses Nile Blend on an outright basis at Asia MOC close under code AAPLC00 and at London close under code AAPAL00.

Please send all comments or questions to Asia_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 upon request.