Platts discontinues OSP differentials for Platts Oman from Nov. 1, 2021

S&P Global Platts has discontinued publication of Platts Oman differential against Oman crude official selling price with effect from Nov. 1, 2021.

The discontinuation does not affect the assessment of benchmark Platts Oman, which is commonly used as a reference alongside Platts Dubai to price oil barrels in the region.

Platts announced its decision to discontinue Oman's differential to OSP in a subscriber note on July 12: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/071221-platts-to-discontinue-osp-differentials-for-platts-cash-oman-from-nov-1-2021.

The discontinuation follows lack of trades in the spot market for Oman blend crude against its OSP, which is based on the average of the Oman Singapore marker price reported by the Dubai Mercantile Exchange. Platts understands the broader market continues to value and trade Oman crude as a differential to benchmark Platts Dubai. To that effect, Platts launched Oman differentials to front month Dubai from June 1, 2021, as can be read here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/060121-platts-launches-differentials-to-front-month-dubai-futures-for-all-dubai-basket-abu-dhabi-crude-assessments.

The Oman cash differential to OSP was published under codes PCABT00 and PCABT03 in the Platts price database, on Platts Global Alert pages 2210, 2230 and 2231 as well as Platts Crude Oil Marketwire, Platts Oilgram Price Report, and Platts OPR Price Average Supplement.

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