In line with changing market conditions in Mediterranean crude oil markets, S&P Global Platts has amended the names of a number of different crude assessments to reflect trading norms effective Wednesday, January 2
A decision was published on January 11, 2018, in a note available here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/011118-pl atts-to-change-names-of-med-crude-oil-assessments.
That followed a proposal made on November 23, 2017, and available here: https://www.platts.com/subscriber-notes-details/26845613. Platts remains committed to reflecting standard cargo sizes in its assessments and is constantly reviewing existing methodology to ensure its assessments reflect standard traded volumes in a given market.
The affected grades with planned changes are listed below:
Current Assessment Name Proposed Assessment Name Code
Urals (ex-Novorossiysk) Urals FOB Novo Suez AAGZS00 Urals (ex-Novorossiysk) vs Med Urals FOB Novo Suez vs Med AAHPH00 Urals (ex-Novo) FOB 80kt Urals FOB Novo Afra AAOTH00 Urals (ex-Novo) FOB 80 kt vs Med Urals FOB Novo Afra vs Med AAOTI00
Azeri Light FOB 80kt Azeri Light FOB Supsa AATHM00 Azeri Light FOB 80 kt vs BTC Azeri Light FOB Supsa vs BTC AATHN00 Azeri Light BTC FOB Ceyhan Azeri Light FOB Ceyhan Suez AAUFM00 Azeri Light BTC FOB Ceyhan vs BTC Azeri Light FOB Ceyhan Suez vs BTC AAUFN00 Azeri Light BTC FOB Ceyhan 80kt Azeri Light FOB Ceyhan Afra AAUFK00 Azeri Light BTC FOB Ceyhan 80kt vsAzeri Light FOB Ceyhan Afra vs BTC AAUFL00
CPC Blend FOB CPC Blend FOB Suez AALVX00 CPC Blend FOB vs Med CPC Blend FOB Suez vs Med AALVZ00 CPC FOB 80kt CPC Blend FOB Afra AAOFV00 CPC FOB 80kt vs Med CPC Blend FOB Afra vs Med AAOFW00
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