Platts to discontinue Mesa 30 and Santa Barbara crude price assessments

Platts, a part of S&P Global Commodity Insights, will discontinue publishing price assessments for Venezuela's Mesa 30 and Santa Barbara crudes effective Nov. 1 due to declining production and a lack of spot market activity.

Platts understands there is no spot-market activity for the Venezuelan grades Santa Barbara and Mesa 30. US sanctions have curtailed Venezuela production and trading activity, and market participants do not anticipate normal activity to resume. Market sources indicate there has been no spot trade of these grades in nearly a decade.

The discontinuation will affect the following codes:

The prices appear on Platts Global Alert page 280 and in Latin 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.

Platts will consider all comments received and will make comments not marked as confidential available to the public upon request.