SUBSCRIBER NOTE: Platts proposes to change delivery period in ANS crude

Platts proposes to update the delivery timing reflected in its Alaska North Slope crude oil assessment to reflect a trend in the market towards trading the crude oil for delivery further forward in time.

Platts currently assesses ANS for delivery to Long Beach, California, in the front month time period. As an example, under current methodology, during the month of February, Platts' ANS assessment reflects crude delivered in March. From March 1, the assessment reflects crude delivered in April.

Under this proposal, Platts would roll its assessments forward to reflect deliveries in the second calendar month forward from the first publishing day on or after the 10th of each month. So Platts' ANS assessment would reflect crude delivered in March from January 10 onwards, and until February 9; from February 10, the assessment would reflect crude delivered in April (and until March 9).

The change would be implemented with effect from April 1, 2016.

All assessments would continue to be published as an outright value and as a differential to the Calendar Month Average for cash WTI. The differential assessed and published would always reflect the CMA value of WTI crude versus the month reflected for delivery.

Platts ANS assessment is published as an outright value under Platts database code PCAAD00, and as a differential under Platts database code AAGX00. It is also published in Platts Crude Oil Marketwire, North American Crude and Products Scan and on Platts Global Alert pages 210 and 214.

Please send any comments, questions or feedback to americas_crude@platts.com and copy pricegroup@platts.com by October 15, 2015.

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.