Platts proposes to amend cargo sizes for Grane, Flotta Gold crude oil assessments from July 1

In line with evolving trends observed in the Grane and Flotta Gold loading schedules, Platts, part of S&P Global Energy, proposes to amend the cargo sizes reflected in both crude oil assessments, effective July 1.

Recent Grane and Flotta Gold loading schedules have revealed larger cargo sizes of 700,000 barrels and 650,000 barrels, respectively, establishing new standard sizes for the grade, according to loading schedules seen by Platts and feedback from market participants.

Accordingly , Platts proposes to amend the standard cargo sizes reflected in its Grane and Flotta Gold assessments to reflect 700,000 barrels and 650,000 barrels, respectively. Platts currently reflects 600,000-barrel parcels as standard in both assessments.

Under the proposal, Platts would publish bids and offers for Flotta Gold cargo es between 600,000 and 700,000 barrels.

Platts FOB Grane and FOB Flotta Gold assessments reflect cargoes loading in the period of 10 days to one month ahead of the assessment date.

This proposal affects the following assessments and related symbols:

Please send questions, comments or feedback t o europe_crude@spglobal.com and PriceGroup@spglobal.com by May 29.

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.