Platts to publish assessment midpoints

Platts proposes to start publishing midpoints for all of its oil market assessments, where such midpoints are not already provided.

All midpoints will be published and databased to three decimal places, to ensure a high degree of accuracy, and will represent the average between the high and low of each market assessment published for the day.

The high and low for each assessment will continue to be published, and will continue to be published to two decimal places only.

Rounding shall follow typical mathematical conventions, where decimal points beyond the third place will be rounded up from 5 and higher, and rounded down from 4 and lower.

Platts proposes to start publishing these new midpoints progressively, and subscriber notes will be published well in advance of any addition of midpoints.

Please send all comments to oil@platts.com and pricegroup@platts.com.