Aug 01 2022
Effective Sept. 1, 2022, Platts will no longer reflect Russian-origin product in its open-origin European assessments of gasoline barges and cargoes.
The decision by Platts, part of S&P Global Commodity Insights, follows a review into the continued inclusion of Russian-origin material in its European barges and cargo assessments for gasoline, jet fuel and LPG as announced in a subscriber note published June 22 and reachable at: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/062222-platts-seeks-feedback-on-russian-product-in-european-gasoline-lpg-jet-fuel-assessments
Platts assessments reflect the value at which a standard, repeatable transaction for merchantable material takes place, or could take place, in the open spot market at arms length.
Feedback gathered from the market, as well as observed market activity in recent weeks, has shown a significant move away from Russian-origin material in the spot market. Furthermore, Platts has observed that Russian material does not constitute a typical flow and significant portion of supply European balances of gasoline.
This affects the following assessments:
Gasoline Prem Unleaded 10ppmS FOB Med Cargo
Gasoline Prem Unleaded 10ppmS CIF Med Cargo
Gasoline 10ppm CIF NWE Cargo
FOB AR Eurobob Gasoline Barges
FOB AR E10 Eurobob Gasoline Barges
10ppm premium unleaded barges
98 RON gasoline 10 ppm
FOB AR Reformate Barges
FOB NWE WAF-grade gasoline cargo
CIF WAF WAF-grade gasoline cargo
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