SUBSCRIBER NOTE: Platts proposes changes to standard cargo volumes in Mediterranean, West African crude assessments

In line with changing market conditions in the Mediterranean and West African crude markets, S&P Global Platts is proposing to amend the standard cargo sizes reflected in a number of different assessments to reflect trading norms from January 2, 2018.

Platts remains committed to reflecting standard cargo sizes in its assessments and is constantly reviewing the existing methodology to ensure its assessments reflect standard traded volumes in a given market.

These changes would be reflected in an updated version of the Crude Oil Methodology guide available here: https://www.platts.com/methodology-specifications/oil

The affected grades are listed below.

WEST AFRICA

Grade Current Volume Proposed Volume Agbami FOB 950,000 barrels 975,000 barrels Akpo FOB 950,000 barrels 1,000,000 barrels Erha FOB 1,000,000 barrels 950,000 barrels Hungo FOB 1,000,000 barrels 950,000 barrels Kissanje FOB 1,000,000 barrels 950,000 barrels

MEDITERRANEAN

Grade Current Volume Proposed Volume Azeri Light FOB Supsa 80kt 80,000 mt 650,000 barrels Azeri Light BTC FOB Ceyhan 135,000 mt 1,000,000 barrels Azeri Light BTC FOB Ceyhan 80kt 600,000 barrels 650,000 barrels BTC crude FOB Ceyhan basis 80,000-135,000 mt 650,000-1,000,000 barrels

CPC Blend CIF Augusta 80,000 mt 85,000 mt CPC Blend FOB 80,000 mt 80,000 mt 85,000 mt Saharan Blend (FOB) 80,000 mt 600,000 barrels Syrian Light 80,000-140,000 mt 600,000-1,000,000 barrels Syrian Heavy (Souedie) 80,000-140,000 mt 600,000-1,000,000 barrels

Please send any comments and feedback to europe_crude@spglobal.com and pricegroup@spglobal.com by December 15, 2017.

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.