SUBSCRIBER NOTE: Platts proposes to discontinue Asian Crude Index

S&P Global Platts is proposing to discontinue publication of Asian Crude Index, or ACX, with effect from January 2, 2020.

ACX is an independently calculated index designed to represent pricing exposure of a typical Asian refiner processing a mix of crude oil grades from different regions.

Over the years, while Asian refiners have further diversified their crude slates, their pricing exposure has come to be increasingly defined by global crude oil benchmarks such as Platts Dated Brent and Platts Dubai. Many of the ACX component grades also derive their value directly or indirectly from these global oil benchmarks.

The ACX currently comprises Middle East sour crude grades Dubai (16%), Oman (16%), Upper Zakum (16%) and Murban (6%); Asia Pacific sweet crude grades Tapis (10%), Minas (8%) and Duri (2%); West African sweet crude grades Bonny Light (5%), Forcados (4%) and Cabinda (3%); Russian crude grades ESPO M2 (3%) as well as Asian Dated Brent (11%).

The affected assessment code is AAXIL00 and published on PGA page 2206 as well as on the Crude Oil Marketwire.

Please send all comments and queries to asia_crude@spglobal.com and pricegroup@spglobal.com by June 28, 2019.

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.