Platts to publish outright value of Middle East crude OSPs to three decimal points from Nov. 1

S&P Global Platts will begin publishing the outright value of certain Middle East crude oil official selling prices to three decimal points from the existing two decimal points from Nov. 1, 2020.

Platts first proposed this change in a subscriber note published on Aug. 27: http://plts.co/3Tm730rclah

Platts currently publishes the outright value of Middle East OSPs to two decimal points. The outright value of the respective grades' OSPs are calculated by adding the OSP differentials, as issued by the respective oil producers, and the monthly average of the grades' respective benchmarks. These benchmarks can include Platts Dubai, Platts Oman and DME Oman, or a combination of these benchmarks.

Starting November 1, Platts will also publish the Dubai/Oman monthly average values to three decimal points, from the current two.

The affected symbols and their respective Platts Global Alert pages are as follows:

Please send all comments and queries to asia_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.