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

S&P Global Platts has started 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 previously published 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.

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

Country Symbol description Symbol PGA page

Dubai/Oman Monthly Avg AAVMR00 1057/1059/1067

Dubai Dubai OSP AASXK00 1054

Iran Iranian Light AAINX00 1057

Iranian Heavy AAINY00 1057

Forozan AAINZ00 1057

Soroosh AAVNC00 1057

Iraq Basrah Asia AAINM00 1059

Basrah Heavy Asia AAXUB00 1059

Kuwait Kuwait AAIOD00 1060

Kuwait Super Light OSKLF00 1060

Oman Oman OSP AAINJ00 1066

Qatar Qatar Land AAINK00 1067

Qatar Marine AAINL00 1067

Saudi Arabia Super Light AAIMS00 1068

Extra Light AAIMT00 1068

Arab Light AAIMU00 1068

Arab Medium AAIMV00 1068

Arab Heavy AAIMW00 1068

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.