Platts updates price format for Middle East monthly sulfur posted prices Nov 13

Platts, part of S&P Global Commodity Insights, has updated the price format for its existing Middle East monthly sulfur posted prices, effective Nov. 13.

Platts now publishes the monthly announced sulfur prices from Abu Dhabi National Oil Co., Kuwait Petroleum Corp. and QatarEnergy, as a single number "close" value, instead of the previous high and low range format, based on current market practice as adapted over time.

Platts earlier announced the above change in a subscriber note published Oct. 27.

The affected assessments are as follows:

Platts continues to assess the low and high ranges for the above symbols, along with the new "close" value, but the weekly sulfur report will only reflect the single number "close" value.

All other specifications and methodology related to these assessments remain unchanged.

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