Platts delays futures settlement data revamp

Following feedback, Platts will defer a planned revamp for published exchange settlement data from July 1, 2012 until July 30. Under the project, announced on June 1, Platts plans to expand and standardize the futures settlements table for Crude Oil Marketwire, Oilgram Price Report and US Marketscan.

For Platts Global Alert subscribers, this information will be found on revamped pages 704, 705, 710 and 2710. A link to the page mock-ups can be found at http://plts.co/FutSttles12

Each publication will display market data codes alongside existing settlement information, along with low, high, open interest and volume.

Where available, privately negotiated trades (PNT) will also be displayed. To bring consistency to Platts products, the table will be identical in all publications.

For US Marketscan readers, this will add the contract month volume and a complete data set for PNT and total volume.

Platts will amend its table to display volume next to the ICE Brent futures contract, instead of the ICE BWAVE value where it is currently shown.

Platts will also add data for the ICE Low Sulphur Gasoil futures contract to the table.

For Oilgram Price Report readers, Platts will add the NYMEX Gulf Coast Sour crude to its settlement table.

Crude Oil Marketwire readers will gain low, high, open interest and contract month volumes, as well as the addition of the ICE LS Gasoil contract.

Please send further comments by June 25 to PGA@platts.com.