Subscriber note: Platts to remove freeze time in Dubai, Oman, Upper Zakum partials MOC

Platts is considering amending the 16:29 (Singapore time) cut-off point for final bids and offers in the Dubai Market on Close assessment process, and accepting changes to bids and offers up until the 16:30 close with effect from November 1, 2012. This proposed change would bring Dubai to similar standards applied for other major benchmarks. Increments will be maintained at a maximum of 10 cents/barrel price move per 30 seconds, and a 60-second extension will be triggered by any price move or a rebid/reoffer in the 1 minute prior to the close of the MOC at 16:30. However, Platts may consider a review of both increments and extensions at a later date. Please provide comments by September 30, 2012 to asia_crude@platts.com and pricegroup@platts.com.