S&P Global Platts proposes to discontinue publishing assessments for California pipeline crudes

S&P Global Platts proposes to discontinue publishing assessments for California crudes, effective July 1, 2022, due to a lack of spot market trading activity.

Platts understands there is very little spot market trade of California crudes, with most production sold through longer-term contracts and consumed domestically.

Platts will continue to publish daily California crude posting prices from Chevron, Exxon, Shell and Union 76 for Buena Vista and Midway-Sunset crudes, which can be found on PGA 251.

The proposed discontinuation will affect the following codes:

Kern River PCABJ00 PCABJ03 AAFCL00 AAIIR00

Line 63/Hynes PCABM00 PCABM03 AAFCM00

P-Plus Line 63 PCAFV00 PCAFV03 AAFCN00

Thums/Long Beach PCACD00 PCACD03 AAFCR00 AAIIU00

The prices appear on Platts Global Alert pages 214, 215, 216, 1805 and in Crude Oil Marketwire, North American Crude and Products Scan and Oilgram Price Report.

Please send any feedback or questions by March 31, 2022, 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.