Platts renames FOB Westridge Low TAN assessment, update specifications

Platts, part of S&P Global Commodity Insights, has updated the assessment name for Low TAN Dilbit loading FOB Westridge and the specifications for that assessment and the assessment of Pacific Dilbit, effective Sept. 2.

Thee changes were made to align with changes made by the Trans Mountain Pipeline in June.

Platts has renamed Low TAN Dilbit to "Pacific Cold Lake", to be aligned with the name of the pools the Trans Mountain Pipeline system is shipping, following an updated service standard in June.

The assessment has been updated to be called "Pacific Cold Lake" in all the places where it appears, including the assessment name for the outright price and differentials to the ICE Brent, WTI CMA and Dubai CMA. There will be no change to the Pacific Dilbit assessment's name.

Platts has also updated the specifications for both the Pacific Cold Lake and Pacific Dilbit assessments to reflect the updated service standard for TMX in June.

The Pacific Cold Lake assessment reflects a TAN (Total Acid Number) below 1.1 mgKOH/g and the Pacific Dilbit assessment has a minimum TAN of 1.1 mgKOH/g.

All specifications reflect the accepted pool specifications as outlined by TMX.

Platts launched the FOB assessments April 22 in anticipation of TMX's operation: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/042224-platts-launches-fob-crude-assessments-for-canadian-trans-mountain-pipeline-expansion

The assessments are available on Platts Global Alert pages 210, 211, 230, 231, 232 and 233. They are published in Crude Oil Marketwire, North America Crude and Product Scan and Oilgram Price Report.

Please send any comments or feedback to americas_crude@spglobal.com and pricegroup@spglobal.com.

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