Our Price Explained
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How does Platts assess Middle Distillate FOB Fujairah Cargo for jet fuel/kerosene and gasoil?
How does Platts assess Middle Distillate FOB Fujairah Cargo for jet fuel/kerosene and gasoil?
For jet fuel/kerosene the outright assessment equals the sum of Middle East jet fuel/kerosene spot differential (premium/discount) and MOPAG jet fuel/kerosene strip. The MOPAG strip is calculated using jet fuel/kerosene derivatives that settle on the Platts Middle East jet fuel/kerosene netback assessment. S&P Global Commodity Insights also publishes assessments for MOPAG jet fuel/kerosene derivatives for Balance Month, Month 1 and Month 2, as well as the MOPAG jet fuel/kerosene strip.
For gasoil the outright assessments equal the sum of the Middle East Gasoil spot differentials (premium/discount) and the MOPAG Gasoil strip. The MOPAG Gasoil strip is calculated using Gasoil derivatives that settle on the Platts Middle East Gasoil netback assessment. S&P Global Commodity Insights also publishes assessments for MOPAG Gasoil derivatives for Balance Month, Month 1 and Month 2, as well as the MOPAG Gasoil strip.
S&P Global Commodity Insights uses a Market-on-Close (MOC) assessment methodology which is a day-long process that ends at 12:30pm Fujairah time—the timestamp for Platts oil assessments in Asia and the Middle East.
Structured and highly transparent, the MOC is a process in which oil bids, offers and transactions are submitted by participants to S&P Global Commodity Insights editors and published in real time throughout the day until the market close. Following the close, our editors examine the data gathered through the day, conduct their analysis and develop price assessments that reflect an end-of-day value.
For more details, please refer to our Asia Pacific and Middle East refined oil product methodology and specifications guide.
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How does Platts assess Middle Distillate FOB Fujairah Cargo for fuel oil and marine fuel?
How does Platts assess Middle Distillate FOB Fujairah Cargo for fuel oil and marine fuel?
For FOB Fujairah 380 CST Fuel Oil outright the assessment equals the sum of Middle East 380 CST Fuel Oil spot differential (premium/discount) and MOPAG 380 CST strip. The MOPAG strip is calculated using 380 CST Fuel Oil derivatives that settle on Platts Middle East 380 CST Fuel Oil netback assessments. S&P Global Commodity Insights publishes assessments for MOPAG 380 CST Fuel Oil derivatives for Balance Month, Month 1, and Month 2, as well as the MOPAG 380 CST Fuel Oil strip.
For Marine Fuel 0.5% cargo outright the assessment equals the sum of Marine Fuel 0.5% Fujairah spot differential (premium/discount) and the MOPFUJ Marine Fuel 0.5% strip. The MOPFUJ Strip is calculated using Marine Fuel 0.5% FOB Fujairah cargo derivatives that settle on the Platts Marine Fuel 0.5% Fujairah spot assessment. S&P Global Commodity Insights also publishes assessments for Marine Fuel 0.5% Fujairah derivatives for Balance Month, Month 1, and Month 2, as well as the MOFUJ Marine Fuel 0.5% strip.
S&P Global Commodity Insights uses a Market-on-Close (MOC) assessment methodology which is a day-long process that ends at 12:30pm Fujairah time—the timestamp for Platts oil assessments in Asia and the Middle East.
Structured and highly transparent, the MOC is a process in which oil bids, offers and transactions are submitted by participants to S&P Global Commodity Insights editors and published in real-time throughout the day until the market close. Following the close, our editors examine the data gathered through the day, conduct their analysis, and develop price assessments that reflect an end-of-day value.