Platts discontinues Loreto crude price assessment July 3

Platts, part of S&P Global Commodity Insights, has discontinued publishing price assessments for Peru's Loreto crude, effective July 3.

The last date of publication was July 2.

Platts understands that there is no spot market activity for Loreto crude, and market participants do not anticipate normal activity to resume.

This follows a decision note published April 25, and available here:

https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/042525-platts-to-discontinue-loreto-crude-price-assessment-july-3

And an earlier proposal note published March 28, and available here:

https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/032825-platts-proposes-discontinuation-of-loreto-crude-price-assessment

Petroperu last issued a tender for Loreto crude in March 2021.

The discontinuation affects the following symbols:

• Outright, Diff to Dated Brent Strip, Diff to Brent Strip, Diff to WTI Strip
• Respectively, PCAGH00, AAXBG00, AAXBV00, PCAGQ00

The prices appear on Platts Global Alert page 280 and in Platts Latin American Wire, Crude Oil Marketwire and Oilgram Price Report.

Please send any feedback or questions to Americas_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.