SUBSCRIBER NOTE: Platts aligns timing of Russian assessments

Effective Monday, November 1, 2016, S&P Global Platts has amended the timing reflected in its Russian crude and products domestic and export netback assessments to align these with the prevailing values of related markets.

The decision follows a proposal note sent on September 14, 2016.

Platts will align all its Russian prices to the prevailing timestamp for Europe or Asia, as per the underlying calculations.

In practice, this will mean that all Russian crude and products assessments, and crude netbacks would reflect 4.30 pm London time, as will all Russian products netbacks from European products.

All netbacks from Singapore assessments will reflect 4.30 pm Singapore time.

Previously, Platts Russian product export netbacks were based on calculations from assessments in Northwest Europe and the Mediterranean that reflect 4.30 pm London time and assessments in Asia that reflect 4.30 pm Singapore time.

Platts Russian domestic crude and export netbacks previously reflected 4.30 pm Moscow time.

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

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing.