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Platts to amend Ecuador freight calculation in Maya MPP

Following an internal review, Platts will change the calculation of the Maya Market Parity Price (symbol: AAYMP00) effective April 1.

Platts will adjust the formula used to calculate the cost of sending crude cargoes from Ecuador to the US Gulf Coast to more accurately account for freight and Panama Canal fees. The Ecuador-produced crudes of Napo and Oriente are used in the calculation of the Marker Crude Spread, which factors into the MPP as explained in the methodology: https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/market-parity-prices.pdf

Please send all comments to americas_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.