Subscriber note: Alignment of Brent MOC spread, outright timings

Further to the proposal note published May 18, Platts will align the timing guidelines for European physical crude oil outright prices and spreads in the Market on Close assessment processes hosted within the eWindow environment effective January 21, 2013. Under aligned timings, Platts will accept bids and offers for cash Brent Forties Oseberg Ekofisk (BFOE) partial spreads until 16:25:00 London time. Platts currently accepts spread bids and offers for publication until 16:15:00 London time. There will be no freeze on changing the price on published bids and offers, which will expire for assessment at 16:30:00 London time, as normal. For methodology details contact to europe_crude@platts.com with a CC to pricegroup@platts.com.