Platts amends CPC Blend assessment period, launches new forward Dated Strip

Platts, part of S&P Global Commodity Insights, has amended the assessment period for its CPC Blend assessments to 20-40 days forward, effective April 2.

The amendment impacts the following assessments:

Outright vs BTC Dated Brent Strip

CPC Blend CIFAAGZU00AAHPL00

CPC Blend FOB SuezmaxAALVX00AALVZ00

CPC FOB AframaxAAOFV00AAOFW00

Market feedback suggested that since the loss of Russian Urals barrels from the European crude market, CPC Blend has been competing with grades that trade further out, leading to an evolved natural trading cycle for the grade.

New Forward Dated Strip

Platts CPC Blend assessments previously reflected cargoes loading 10-30 days forward with differentials applied to the 13-33 days forward BTC Dated Brent strip [AAUFI00].

Platts has launched a new forward "CPC Dated Brent strip" of 23-43-days forward to reflect the assessment period of 20-40 days forward.

Please send all feedback, comments or questions to europe_crude@spglobal.com and pricegroup@spglobal.com.

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