Platts proposes Midale sour crude assessment

Platts proposes to start assessing Midale Blend medium sour crude injected at Cromer, Manitoba, on September 1, 2010.

The assessment would be named Midale and would reflect an API gravity ranging from 30 to 32 and 2.2% max sulfur.

Trades with a minimum 1,000 b/d quantity would be taken into account for assessment and smaller volumes would be normalized to this volume basis.

The assessment would reflect injection in the first forward month, and would be calculated on a NYMEX crude oil calendar-month average basis.

Please send questions and feedback by July 30, 2010, to Matthew Cook at matthew_cook@platts.com and a cc to pricegroup@platts.com.