Platts to review Suez Blend crude assessments

In light of the Russian invasion of Ukraine and the resultant price impact on Urals crude, Platts, part of S&P Global Commodity Insights, is reviewing its Suez Blend crude assessments.

In times of spot market illiquidity, Suez Blend, an Egyptian grade sold FOB from Ras Sukheir, is assessed relative to the Platts CIF Augusta Urals assessment. Due to the sharp drop in Urals assessments in recent months, Platts' assessment of Suez Blend has also dropped substantially from past levels. Platts is seeking feedback on the role of Urals crude in its Suez Blend assessments.

Platts Suez Blend assessment appears in Crude Oil Marketwire and on Platts Global Alert and Platts Crude Alert pages 1234 and 1250.

Please send all feedback, comments or questions by August 1 to europe_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.