SUBSCRIBER NOTE: Platts launches new assessments for US crude grades at Asia close

S&P Global Platts has launched daily assessments of several US crude oil grades at the Asian market close, with effect from December 1, 2017.

This launch follows a proposal note published September 21, 2017: https://www.platts.com/subscriber-notes-details/27873737.

The assessments reflect the outright price in US dollars per barrel of WTI MEH, Light Louisiana Sweet, Southern Green Canyon and LOOP Sour at the close of the Asian Market on Close assessment process at 4:30 pm Singapore time (0830 GMT). Platts is publishing the prompt month and next forward month for WTI MEH, LOOP Sour and LLS, and the prompt month for SGC.

The assessments reflect the price prevailing at the close of the market in Asia, taking into account the rise or fall in the cash WTI market from the time of the assessment at US market close at 2:30 pm Eastern Standard Time until the Asian close.

The assessments will follow the US roll schedule, with the prompt month rolling over to the next month on the first business day after the 25th of each month. In the absence of market indications, Platts will use prevailing spreads in relevant cash markets to determine a value for the new prompt month assessment on the first business day after the 25th of each month.

The assessments are published on Platts Global Alert page 2208, in Crude Oil Marketwire and Oilgram Price Report, as well as the Platts price database under the following codes:

Assessment Code WTI MEH M1 AAZDF00 WTI MEH M2 AAZDG00 LOOP Sour M1 AAZDA00 LOOP Sour M2 AAZDB00 LLS M1 AAZDC00 LLS M2 AAZDD00 SGC AAZDE00

Please send any further comment or questions to americas_crude@spglobal.com, asia_crude@spglobal.com and pricegroup@spglobal.com.

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