Platts launches Russian Urals DAP India assessment as differential to Dubai

Platts, part of S&P Global Commodity Insights, has launched a differential for Russian Urals DAP India vs Dubai [AURLA00], Aug. 1, 2023.

The DAP (Delivered At Place) West Coast India (WCI) Russian Urals differential to M1 Dubai Swaps follows market support for an assessment of Urals DAP WCI versus Dubai.

The new assessment will reflect the spread between Platts Urals DAP India [DWCUA00] and the prevailing value of M1 Dubai derivatives assessment at London close [DFLL001].

For example, in August, Platt will publish a daily physical assessment for Urals DAP WCI, reflecting cargoes delivered in September, as well as its spread to the September Dubai derivatives assessment at London close.

Platts launched DAP WCI Russian Urals assessments as both an outright value and as a differential to M1 forward Dated Brent, Jan. 18, 2023. Platts will also backfill [AURLA00] to the date of the launch of the Platts DAP WCI Russian Urals assessment based on the published values of that assessment and corresponding Dubai prices.

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