07 Dec 2010 | 09:04 UTC — Houston

Market expressions of interest to buy or sell crude oil

Crude oil buyers and sellers may contact Platts to communicate their public expressions of interest to buy or sell to the marketplace at large.

Platts will review the requirements of these bids or offers to ensure they meet its standards of transparency and are in line with market practice.

Due to the great variety of crude grades and the particularities of trade in each purchasing or producing country, Platts may set earlier cutoff timelines for the entry of bids/offers and later times for validity of bids/offers, to facilitate price discovery.

Platts may also from time to time set particular requirements to ensure greater transparency in the marketplace.

Please send questions and comments to asia_crude@platts.com, pl_crude_editor@platts.com and pricegroup@platts.com.