Platts discontinues Eagle Ford 45 DAP Rotterdam, Augusta assessments

In response to evolving trade flows and recent feedback from market participants, Platts, part of S&P Global Commodity Insights, has discontinued its Eagle Ford 45 assessments on a DAP Rotterdam and Augusta basis from May 1.

Platts previously published assessments for Eagle Ford 45 on a DAP Rotterdam and DAP Augusta basis as both an outright price and differential to Dated Brent.

This decision followed a consultation on the spot market volumes for Eagle Ford 45 delivered to Europe published Oct. 16 2023, which can be found at:

https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/101623-platts-opens-consultation-on-dap-rotterdam-dap-augusta-wti-midland-and-eagle-ford-45-crude-assessments

Spot market liquidity of Eagle Ford 45 delivered into the Northwest European and the Mediterranean crude markets has declined in recent years as trading activity has thinned and exported volumes of WTI Midland into the region have increased.

The discontinuation relates to the following Platts assessments:

The assessments appear on Platts Global Alert and Platts Crude Alert pages 1210, 1212, 1238, and in Crude Oil Marketwire.

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

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Platts will consider all comments received and will make comments not marked as confidential available upon request.