Platts proposes to publish Dated Brent grade assessment curves onto symbols

Platts, part of S&P Global Commodity Insights, proposes to publish the seven daily assessment curves, which inform the Dated Brent assessment onto individual symbol codes, effective Dec. 2.

The Dated Brent assessment is comprised of six differential assessment curves reflecting the value of Brent, Forties, Oseberg, Ekofisk, Troll, WTI Midland FOB North Sea across a ten-day to one-month ahead assessment period. The most competitive of these on any given day contributes to the Dated Brent Differential.

Platts proposes to publish these curves as codes by assigning a symbol to each individual day in the ten-day to one month-ahead assessment period. For example, the code for Oseberg: Day 1 will reflect the value assessed on the first day of the Oseberg assessment period.

Owing to variability in the length of the Dated Brent assessment period between around 20 to 26 days, a value will not be published against every assessment code on every publishing day.

Additionally, Platts intends to publish a parallel curve reflecting the differential for the WTI Midland CIF Rotterdam assessment, a key component in the calculation of its FOB North Sea equivalent.

This proposal seeks to increase the transparency and accessibility of the Dated Brent assessment to market participants who will be able to view the assessment in greater resolution and detail.

Please send all feedback, comments or questions by Nov. 11 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 to the public upon request.