Platts proposes to launch West Texas Light assessment

Platts, part of S&P Global Commodity Insights, proposes to launch a daily assessment of West Texas Light in Midland, effective Nov. 1.

WTL typically trades at Midland, Texas, as a differential to West Texas Intermediate. Platts is proposing to launch assessments of the front-month WTL as an outright price, a differential to WTI Midland, and a differential to the front-month cash WTI basis.

Platts would publish one contract month of WTL assessments. The contract month, in line with most US domestic pipeline barrels, rolls over on the first business day after the 25th of the calendar month.

WTL has a typical gravity between 44.1 and 49.9 with a maximum sulfur of 0.2%.

The assessments would be available on Platts Global Alert pages 210, 211, 214 and 215. It would be 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 by Sept. 27.

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.