Platts launches assessment for Argentina's Medanito crude

S&P Global Platts has launched a daily assessment for Argentina's Medanito crude, effective April 19.

The assessment reflects the value of waterborne Medanito crude loading on an FOB basis from the Puerto Rosales terminal in Buenos Aires, Argentina, 30-60 days from the date of publication.

The Medanito assessment is published as an outright price, along with differentials to the Latin America Dated Brent strip, Latin America Brent Futures strip, and Latin America WTI strip, which align with the 30- to 60-day loading window. In the absence of bids, offers, and trades for Medanito, Platts may assess crude based on spreads to comparable grades. Platts may also use market information provided on a delivered basis to inform this FOB assessment.

The assessments are published under the following Platts symbols:

AMTOA00 Medanito FOB Argentina

AMTOA03 Medanito FOB Argentina MAvg

AMTOB00 Medanito FOB Argentina vs Latin America Brent Futures Strip

AMTOB03 Medanito FOB Argentina vs Latin America Brent Futures Strip MAvg

AMTOD00 Medanito FOB Argentina vs Latin America Dated Brent Strip

AMTOD03 Medanito FOB Argentina vs Latin America Dated Brent Strip MAvg

AMTOC00 Medanito FOB Argentina vs Latin America WTI Strip

AMTOC03 Medanito FOB Argentina vs Latin America WTI Strip MAvg

Medanito has API gravity of 42.5 and sulfur content of 0.21%, according to a recent assay.

The new assessments are available on Platts Global Alert pages 280 and 281. They are also published in Crude Oil Marketwire, Latin American Wire and Oilgram Price Report.

Please send any comments or feedback 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 upon request.