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17 Aug 2017 | 01:18 UTC — London
As part of S&P Global Platts' move to reflect Norway's Troll crude in the Dated Brent basket, Platts proposes to start publishing Troll CIF basis Rotterdam outright and differential price assessments on December 1, 2017.
These assessments would be published in addition to Platts' existing Brent, Forties, Oseberg and Ekofisk CIF basis Rotterdam outright and differential price assessments.
Under this proposal, Platts would publish Troll CIF basis Rotterdam as both an outright price, representing value for Troll delivered 12 days to one month ahead, as well as a differential price to the forward Dated Brent market. In the absence of any bids, offers or trades, Platts would assess Troll CIF basis Rotterdam on the basis of freight and other market indicators.
Platts announced the inclusion of Troll in the BFOE basket on a note published February 20, 2017. This note is available here: https://www.platts.com/subscriber-notes-details/26666415
Please send all comments to europe_crude@spglobal.com and pricegroup@spglobal.com by September 29.
For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.