S&P Global Platts now publishes differentials versus a Dated Brent forward strip for its US Gulf Coast export crude assessments, effective September 3, 2019, to more broadly reflect the evolving regional crude export market and better reflect US crudes' values in the global market.
The FOB USGC assessments, which were launched and/or revised on August 1, 2018, reflect the value of WTI, Eagle Ford crude, Eagle Ford condensate and Bakken crude oil available for loading onto a typical Aframax sized vessel 15-45 days forward from the date of publication.
The assessments are already published as a flat price and as a spread to a NYMEX light sweet crude forward strip aligned to the 15-45 day loading window. Those assessments will continue, alongside the new spreads for the same crude grades versus a 15-45 day Dated Brent strip.
The new differential assessments to Dated Brent will continue to reflect the value of crude oil available for loading onto a typical Aframax-sized vessel 15-45 days forward from the date of publication.
Details of the new differential assessments are as follows:
Price Code Monthly avg Bakken FOB USGC vs Dated Brent Strip ABAKE00 ABAKE03 Eagle Ford Condensate FOB USGC vs Dated Brent Strip AEFCB00 AEFCB03 Eagle Ford Crude FOB USGC vs Dated Brent Strip AEFCA00 AEFCA03 WTI FOB USGC vs Dated Brent Strip AWTUA00 AWTUA03
The assessments also appear on Platts Global Alert pages 210, 214, 222, 260, 223, 211 and 215 and in the publications Crude Oil Marketwire, North American Crude and Products Scan and Oilgram Price Report.
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