Platts proposes to discontinue OSP differentials for Platts cash Oman from Nov. 1, 2021

S&P Global Platts proposes to discontinue publication of Platts cash Oman's differential against its official selling price with effect from Nov. 1, 2021.

The discontinuation would not affect Platts assessment of benchmark Oman crude (PCABS00), which is commonly used as a reference alongside Platts Dubai to price oil barrels in the region.

The discontinuation follows lack of trades in the spot market for Oman crude against its OSP, which is based on the average of the Oman Singapore marker price reported by the Dubai Mercantile Exchange.

Platts understands the broader market continues to value and trade Oman crude as a differential to benchmark front-month Platts Dubai.

To that effect, Platts has separately announced that it will begin publishing Oman's differentials to front-month Dubai from June 1, 2021, as can be read here: http://plts.co/Bd7c50EFVgF

The Oman cash differential to OSP is currently published under codes PCABT00 and PCABT03 in the Platts price database, on Platts Global Alert pages 2210, 2230 and 2231 as well as Platts Crude Oil Marketwire, Platts Oilgram Price Report, and Platts OPR Price Average Supplement.

Please send all feedback or questions to asia_crude@spglobal.com and pricegroup@spglobal.com by June 30, 2021.

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