Platts proposes to amend publication periods for its Asia Pacific, North Africa crude assessments from Jan 1, 2023

Platts, a part of S&P Global Commodity Insights, proposes to change the publication periods for all its assessments of Asia Pacific crude grades and certain North Africa crude grades from January 1, 2023.

Under the proposed change, Platts assessments for cargoes loading two months forward (M+2) would roll over on the first calendar day of each month. For example over January 1-31, the assessments would reflect cargoes loading in March. On February 1, the assessments would roll over to reflect cargoes loading in April.

Currently, Platts assessments for these grades reflect cargoes loading two months forward, with a rollover date on the 9th of the month. For example, over December 9-January 8, the assessments reflect cargoes loading in February. On January 9, the assessments roll over to reflect cargoes loading in March.

The proposed change reflects evolution in the trading cycle of Asia Pacific grades that now typically trade over a full month, two months prior to cargoes loading.

The change will align the assessment calendar for Asian regional grades with that for cargoes loading from the Middle East and Far East Russia, allowing for a better price comparison.

The benchmark Platts Dubai assessments also reflect cargoes loading two months forward from the full calendar month of publication.

The assessments affected by the change are as follow:

Please send all comments and queries to asia_crude@spglobal.com and pricegroup@spglobal.com by September 1, 2022.

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.