Platts proposes discontinuation of Marlim crude price assessments

Platts, part of S&P Global Commodity Insights, proposes to discontinue publishing price assessments for Brazil's Marlim crude, effective March 1, 2024.

This proposal is due to declining production and limited spot market activity as production is consumed domestically. Platts understands market participants do not anticipate spot trading activity to resume in the near future.

Platts currently assesses Marlim crude cargoes reflecting barrels sold on an FOB basis from Sao Sabastiao, Brazil, with a typical volume of 750,000 barrels, published on an outright basis, and as differentials to WTI, Brent futures and Dated Brent strips.

Platts will continue to publish its Tupi FOB assessments, and invites feedback on other potential assessments of Brazilian crude grades.

The proposed discontinuation will affect the following codes:

• AssessmentDailyMonthly Average
• Marlim AAITF00AAITG00
• Differential to Dated Brent Strip AAXBJ00AAXBJ03
• Differential to Brent Strip AAXBY00AAXBY03
• Differential to WTI Strip AAITL00AAITM00

The prices appear on Platts Global Alert page 280, 281 and in Latin Wire, Crude Oil Marketwire and Oilgram Price Report.

Please send any feedback or questions by Jan. 12 to Americas_crude@spglobal.com 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.