SUBSCRIBER NOTE: Platts to end Azeri Light FOB Supsa 135,000 mt crude assessments

S&P Global Platts will discontinue its Azeri Light FOB Supsa 135,000 mt outright and differential assessments effective January 3, 2017.

Platts is making this change due to a lack of liquidity for Suezmax cargoes at the Black Sea port of Supsa.

The decision follows a proposal note published on July 22, 2016. The proposal note can be viewed at http://www.platts.com/subscriber-notes-details/10007604. Platts currently assesses Azeri Light FOB Supsa 135,000 mt, reflecting cargoes of between 80,000-140,000 mt loading out of the Black Sea port of Supsa in Georgia.

Platts currently publishes both an Azeri Light FOB Supsa 135,000 mt differential assessment (AALWF00) and an outright assessment (AALWD00). These assessments currently appear on Platts Global Alert page MH1222, and in the Platts Crude Oil Marketwire and Platts Oilgram Price Report.

No changes are to be made to any other Platts Azeri Light assessments. Platts also assesses Azeri Light CIF Augusta (AAHPM00), FOB Ceyhan 135,000 mt (AAUFN00), FOB Ceyhan 80,000 mt (AAUFL00), Azeri Light FOB Supsa 80,000 mt (AATHN00), and BTC FOB Ceyhan (AAUFJ00). These assessments will all remain in place.

While Supsa has historically been an important loadport for cargoes of Azeri Light, changes in crude flows since the end of the USSR have meant that most cargoes now load from Ceyhan. Platts understands that Suezmax crude oil cargoes do not currently load from Supsa.

Please send any comments or questions to europe_crude@platts.com and pricegroup@platts.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 upon request.