SUBSCRIBER NOTE: Platts to reflect cargoes pricing COD+5 in DAP WTI, Eagle Ford Europe assessments

Following a period of market feedback, S&P Global Platts will amend the pricing reflected in its Delivered at Place (DAP) Europe WTI Midland and DAP Europe Eagle Ford 45 assessments to five days after completion of discharge (COD+5) effective July 1, 2019.

Following this decision, Platts will continue to reflect bids and offers of cargoes pricing 2-1-2 around COD, full month, and deemed dates, but will normalize these indications back to five days after COD for assessment purposes.

Currently, Platts assessments of DAP WTI Midland and DAP Eagle Ford 45 basis both Rotterdam and Augusta reflect pricing of two days before, the day of and two days after COD. Platts currently publishes indications in these markets reflecting pricing COD+5, full calendar month and deemed dates, but normalizes these indications back to 2-1-2 around COD for assessment purposes.

Platts understands that spot physical trade in these markets more commonly employs the COD+5 standard of pricing.

Please send any further questions and comments to europe_crude@spglobal.com and pricegroup@spglobal.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.