SUBSCRIBER NOTE: Platts proposes to update its Russian crude export netbacks

Following industry feedback, S&P Global Platts proposes to update its Russian crude export calculations and nomenclature from November 1, 2016.

Under the proposed changes, Platts Urals FIP domestic prices would reflect the same day's Urals 80,000 ex-Novorossiisk and Primorsk FOB spot differential assessments as the basis of calculations.

Currently, for these calculations, Platts uses the previous day's Urals differentials.

Platts has noted feedback supporting a change to the more timely publication.

Separately, Platts also proposes to change the names of its "Calendar month netback" and "Mid-month netback" prices to "Russian calendar month index" and "Russian mid-month index" prices, respectively.

Please send any comments and queries to europe_products@platts.com and pricegroup@platts.com by September 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.