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29 Oct 2014 | 06:40 UTC — Houston
Platts proposes to change the name of its Canadian Syncrude Sweet crude assessment to Syncrude Sweet Premium, to reflect changes in the market. This change would be made with effect from January 2, 2015.
The methodology used to assess the value of this crude, including its specifications, will not change as a result of this name change. Platts invites comments on its current specifications and will consider updating its specifications, if notable changes have been seen in the quality of the crude typically shipped.
On May 1, 2014, Enbridge started a new grouping system for crudes shipped through its pipeline system, causing Syncrude Sweet to more typically trade under the name Syncrude Sweet Premium.
This assessment appears on Platts Global Alert Page 230, in the Crude Oil Marketwire, the North American Crude and Products Scan and in the Platts price database under the code AASOK00.
Please send all comments or questions by November 15 to pricegroup@platts.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.