Alignment of Brent MOC spread, outright timings

Platts proposes to align the timing guidelines for European physical crude oil outright prices and spreads in Market on Close assessment processes hosted within the eWindow environment.

Under aligned timings, Platts would accept bids and offers for cash Brent Forties Oseberg Ekofisk (BFOE) partial spreads until 16:25:00 London time.

Platts currently accepts spread bids and offers for publication until 16:15:00 London time.

There would be no freeze on changing bids and offers, which will expire for assessment at 16:30:00 London time, as normal.

These changes would help ensure a smooth transition should Platts launch implied spread values within the eWindow for Brent partials.

Please send comments and questions by June 1 to europe_crude@platts.com with a CC to pricegroup@platts.com.