Subscriber note: Platts to overhaul US intraday oil assessments

Platts proposes to overhaul and redesign its intraday assessments for the value of gasoline and middle distillates in the US with effect from January 14, 2013. Under its updated approach, Platts proposes to add three new intraday assessments, reflecting the value of RBOB gasoline for delivery in New York Harbor, the US Gulf Coast, and Chicago. Platts would also, as previously announced, add intraday assessments for the value of CBOB gasoline for delivery in New York Harbor, the US Gulf Coast and Chicago. These CBOB assessments are expected to be launched on January 14, not December 3 as proposed in a note to subscribers on October 1, 2012. Additionally, please note that Platts will not publish intraday assessments for CBOB in Group 3. At the same time, Platts proposes to discontinue its intraday assessments for the value of conventional unleaded gasoline and US jet fuel in the US Gulf Coast, Chicago and Group 3. Platts will continue to publish intraday assessments for the value of CARBOB gasoline and CARB diesel in Los Angeles; ULSD in New York Harbor, the US Gulf Coast, Chicago and Group 3; and heating oil in New York Harbor and the US Gulf Coast. US Gulf Coast assessments will reflect product moving on the prompt cycle of the Colonial Pipeline, with input at Pasadena, Texas. Chicago assessments will reflect prompt barrels delivered into Chicago through any of the major pipelines that supply the city, including the Kaneb, Wolverine, West Shore, or Badger pipelines. New York Harbor assessments are for barges loading 3-7 days forward Monday through Wednesday, and 5-9 days forward on Thursday and Friday. Under this proposal, Platts will consolidate all US intraday assessments onto two pages on Platts Global Alert, using one page for gasoline and one page for middle distillates. Platts plans to update these new pages at 9 a.m., 11 a.m. and 1 p.m. central time on its standard publishing schedule. A complete list of new and discontinued pages is provided below. Please send questions or comments by January 4, 2013 to americas_products@platts.com with a cc to pricegroup@platts.com. PAGES TO BE ADDED TO PLATTS GLOBAL ALERT: PAGE Contents 402 Platts Middle Distillate Intraday Indications 302 Platts Gasoline Intraday Indications

PAGES TO BE DISCONTINUED ON PLATTS GLOBAL ALERT: PAGE Contents 303 Intraday US Gulf Conv Unl Gasoline Pipe 304 Intraday 87-Oct Unleaded Chicago 305 Intraday 87-Oct Unleaded Group 3 306 Intraday US West Coast LA Pipeline CARBOB 403 Intraday U.S. Gulf No.2 Heating Oil Pipe 404 Intraday U.S. Gulf Jet Fuel Pipe 405 Intraday U.S. Gulf Ultra Low Sulfur Diesel Pipe 406 Intraday US West Coast LA Pipeline CARB Diesel 407 Intraday ULSD Chicago 408 Intraday ULSD Group 3 409 Intraday New York Harbor Ultra Low Sulfur Diesel Barge