News and Insight
Platts to exclude Russian-origin material from European gasoline assessments effective Sept. 1, 2022
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:
Assessment
Code
Gasoline Prem Unleaded 10ppmS FOB Med Cargo
AAWZA00
Gasoline Prem Unleaded 10ppmS CIF Med Cargo
AAWZB00
Gasoline 10ppm CIF NWE Cargo
AAXFQ00
FOB AR Eurobob Gasoline Barges
AAQZV00
FOB AR E10 Eurobob Gasoline Barges
AGEFA00
10ppm premium unleaded barges
PGABM00
98 RON gasoline 10 ppm
AAKOD00
FOB AR Reformate Barges
AAXPM00
FOB NWE WAF-grade gasoline cargo
AAKUV00
CIF WAF WAF-grade gasoline cargo
AGNWC00
Please send any feedback, questions or comments to europe_products@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.
Oil,Refined Products