Platts publishes Dated Brent grade assessment curves onto symbols

Platts, part of S&P Global Commodity Insights, now publishes the seven daily assessment curves, which inform the Dated Brent assessment, onto individual symbol codes, effective Dec. 2.

This was announced in a decision note, published Nov. 19 and available here.

The Dated Brent assessment is comprised of six differential assessment curves reflecting the value of Brent Blend, Forties, Oseberg, Ekofisk, Troll, and WTI Midland FOB North Sea across a ten-day to one-month ahead assessment period. The most competitive of these on any given day contributes to the Dated Brent Differential.

Platts publishes these curves as codes by assigning a symbol to each individual day in the ten-day to one-month ahead assessment period. For example, the code for Oseberg: Day 1 reflects the value assessed on the first day of the Oseberg assessment period.

Owing to variability in the length of the Dated Brent assessment period between around 20-26 days, a value is not be published against every assessment code on every publishing day. Additionally, Platts publishes a parallel curve reflecting differentials for the WTI Midland CIF Rotterdam assessment, a key component in the calculation of its FOB North Sea equivalent.

The publication of these differentials onto symbols aims to increase the transparency and accessibility of the Dated Brent assessment to market participants who will be able to view the assessment in greater resolution and detail.

Please send all feedback, comments or questions to europe_crude@spglobal.comand 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 to the public upon request.