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Platts launches new US crude assessments to reflect oil exports

With Matt Cook and Luciano Battistini

February 08, 2016 09:45:38 EST (3:36)

On Feb. 8, Platts debuted new assessments to reflect the on-ship export value of US crude oil and condensates along the US Gulf Coast and answer the industry's call for pricing transparency in the wake of the  Dec. 18, 2015, action by the US government to lift all restrictions on crude oil exports. The new assessments were created after extensive research and a series of consultations with the industry. Platts' Matt Cook, associate editorial director for crude and residual fuels for the Americas, and Luciano Battistini, managing editor for Americas crude oil, describe the US oil industry's recent changes and elaborate on the suite of new assessments.

 

For more details, view the subscriber note here and read the press release here.

 

For a wider look at the US crude exports, read the oil special report "US crude exports: Rebalancing the global market" here.

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