SUBSCRIBER NOTE: Platts to publish February 2020 Cash BFOE value on Dec 31, 2019

S&P Global Platts would like to clarify that the February 2020 Cash BFOE assessment will be published for the last time on December 31, 2019. The first assessment in which March 2020 is M1 Cash BFOE will be published on January 2, the first publishing day of 2020.

Platts Cash BFOE assessments typically coincide with the equivalent month of ICE Brent Futures. However, in December 2019, ICE Brent futures for February are due to expire December 30, rather than December 31. Trading on this contract is due to cease at 19:30 GMT on December 30, ahead of the New Year's Eve holiday.

Platts will also be publishing intraday Cash BFOE assessments at 10:30, 12:30, 14:30, and 19:30 London time on December 30. This is to ensure consistency with Platts methodology, and to provide as much information as possible on the value of Cash BFOE to subscribers. These intraday assessments will be available under their usual codes, on PGA page 1216 and in the Crude Oil Marketwire.

However, in line with existing methodology, Platts will continue to publish an assessment for February 2020 Cash BFOE on December 31, 2019.

Further, please note that alongside the earlier timestamp for all London-based oil assessments on December 31, all European oil assessments will be basis 12:30 London time, with all cut-offs and timings commensurate with a close at that time. This includes Platts Dated Brent and Cash BFOE M1, M2 and M3.

On December 31, Platts will also publish one intraday assessment at 10:30 London time. This will be available under its normal code, on PGA page 1216 and in the Crude Oil Marketwire. No other intraday assessments will be published on December 31.

Please send all questions and comments to Europe_crude@spglobal.com and pricegroup@spglobal.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.