Platts to discontinue OSP differentials for Platts cash Oman from Nov 1, 2021

S&P Global Platts will discontinue publication of Platts cash Oman's differential against its official selling price with effect from Nov. 1, 2021.

The discontinuation will not affect Platts assessment of benchmark Oman crude, which is commonly used as a reference alongside Platts Dubai to price oil barrels in the region.

Platts first proposed the discontinuation of Oman's cash differential to OSP in a subscriber note May 6: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/050621-platts-proposes-to-discontinue-osp-differentials-for-platts-cash-oman-from-nov-1-2021

The discontinuation follows a lack of trades in the spot market for Oman crude against its OSP, which is based on the average of the Oman Singapore marker price reported by the Dubai Mercantile Exchange.

Platts understands the broader market continues to value and trade Oman crude as a differential to benchmark Platts Dubai.

To that effect, Platts launched Oman's differentials to front-month Dubai from June 1, 2021, as can be read here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/060121-platts-launches-differentials-to-front-month-dubai-futures-for-all-dubai-basket-abu-dhabi-crude-assessments

The Oman cash differential to OSP is currently published under codes PCABT00 and PCABT03 in the Platts price database, on Platts Global Alert pages 2210, 2230 and 2231, as well as on Platts Crude Oil Marketwire, Platts Oilgram Price Report and Platts OPR Price Average Supplement.

Please send all comments or questions to asia_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.