Platts opens consultation on DAP Rotterdam, DAP Augusta WTI Midland and Eagle Ford 45 crude assessments

Platts, part of S&P Global Commodity Insights, is opening a consultation on its DAP Rotterdam and DAP Augusta WTI Midland and Eagle Ford 45 crude assessments.

Platts currently assesses cargoes of WTI Midland and Eagle Ford 45 on a Delivered at Place (DAP) basis Rotterdam and Augusta on both an outright pricing basis and as a differential to Dated Brent 20-60 days ahead of the assessment date.

The assessments currently reflect a standard Aframax cargo size of 700,000 barrel cargoes with a volume tolerance of 5%. The assessments are priced five days after the date of delivery.

Platts seeks feedback on all aspects of the assessments, including cargo size, incoterm, assessment period and pricing period.

Platts understands that in current market conditions CIF, CFR or DAP WTI Midland cargoes are mostly trading for a period of 40-60 days forward on a calendar month pricing basis.

Platts is also seeking feedback on the spot market volume for Eagle Ford 45 delivered into Europe.

This consultation relates to the following Platts assessments:

These assessments appear on Platts Global Alert and Platts Crude Alert pages 1210, 1212, 1238, and in Crude Oil Marketwire.

Please send all feedback, comments or questions by Dec. 4 to europe_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 upon request.