Platts to revise Feeder Crude methodology

Effective September 10, 2010, Platts will revise its methodology for assessing Weekly Feeder Crudes to reflect Monday through Friday averages.

Currently, the Weekly Feeder Crudes -- including Yields, Netbacks, Freight and Spot prices -- are calculated every Friday as averages of the prior five business days.

For example, Feeder Crudes published on Friday, May 14 were derived by averaging daily prices effective Friday, May 7 through Thursday, May 13.

Effective September 10 the Weekly Feeder Crudes will reflect that week's Monday-through-Friday average.

In order to incorporate all of the daily prices into the Weekly Feeders prior to the change in methodology, Feeders effective the week ending September 3 will reflect 6 days of data -- August 27 through September 3.

Feeder Crudes are currently published every Friday morning, and are available at that time to subscribers of Platts Global Alert (PGA) and Platts Dispatch.

Effective September 3 the Weekly Feeder Crudes will be published via PGA and Platts Dispatch every Friday evening. In the case of a holiday, the Feeder assessments will be published the prior business day.

Weekly Feeder Crudes will continue to be published in the Oilgram Price Report/OPR Extra every Monday.

The Weekly Feeder Crudes are published in the Oilgram Price Report/OPR Extra, Platts Dispatch, and on PGA Pages MH0173-MH0177, MH0885, and MH0960-MH0969.

For questions/comments, please contact Jeff Mower at jeff_mower@platts.com, 212-904-3204, with a cc to pricegroup@platts.com.