Platts launches Dubai differentials for FOB Westridge assessments

Platts, part of S&P Global Commodity Insights, has launched differentials against the Dubai basis, effective June 17, for Pacific Dilbit and Low TAN Dilbit crude for loading FOB Westridge, Canada.

The new differentials are calculated from the existing assessments of FOB Westridge Pacific Dilbit and FOB Westridge Low TAN Dilbit. Platts launched these FOB assessments on April 22 in anticipation of TMX's operation: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/042224-platts-launches-fob-crude-assessments-for-canadian-trans-mountain-pipeline-expansion

These price assessments are published as differentials to the Dubai Frontline swap for the month of loading, like the existing differentials against ICE Brent and the WTI CMA.

For example, in June Platts is assessing August FOB Westridge loadings. Platts will publish assessments against the August Dubai frontline, the October ICE Brent settle and the August WTI CMA, which is calculated from a weighted average of September and October futures.

The Dubai Frontline swap is published at the Houston close under symbol DUFH002. It is derived by applying the assessment of the Brent-Dubai spread at the Singapore close to the Houston-based Brent frontline curve.

The new assessments are available on Platts Global Alert pages 230 and 231. They are published in Crude Oil Marketwire, North America Crude and Product Scan and Oilgram Price Report.

Please send any comments or feedback to americas_crude@spglobal.com and pricegroup@spglobal.com.

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