SUBSCRIBER NOTE: Platts to publish Basrah Heavy crude OSP

After consultation with the industry, Platts will start publishing the Official Selling Price for the new Basrah Heavy crude grade marketed by Iraq's State Oil Marketing Organization.

Iraq's SOMO confirmed in March it would issue the OSP starting with May loadings. The new grade, with an API gravity of 25 to 26 degrees, has an OSP for loadings to Asia, Europe and the US. The new OSP is a differential to the average of Oman and Dubai published by Platts for the month of loading for Asian loadings, a differential to Dated Brent for Europe, and a differential to the Argus Sour Crude Index for US loadings.

The assessments will be published on Platts Global Alert page 1059 and in the Platts assessment database under codes AAXUA00, AAXUC00, and AAXUE00 for the monthly differentials and under codes AAXUB00, AAXUD00, and AAXUF00 for the outright prices.

Please send all comments, feedback and questions on the proposed change to asia_crude@platts.com and pricegroup@platts.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.