Subscriber note: Proposal to update timings in Middle East crude MOC

Platts proposes to shorten the time that price increments can be made in the Market on Close assessment process for cash Dubai, Oman, Upper Zakum partials and partials spreads. Currently, market participants can move a maximum of 10 cents/barrel every 30 seconds. Platts proposes to shorten this increment to a maximum of 10 cents/b every 15 seconds. This proposal, which will allow for a closer reflection of price developments in related markets, reflects the continued evolution of liquidity and activity in the Middle East spot crude markets. Platts requests further comments on the proposal by August 21, 2013, to asia_crude@platts.com and pricegroup@platts.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.