Refined Products, Diesel-Gasoil, Jet Fuel

January 02, 2024

Platts updates 2024 European Jet, ULSD and Gasoil netback and net-forward assessment formulas

Platts, part of S&P Global Commodity Insights, has updated the formulas to derive its netback and net forward assessments to reflect updated Worldscale freight rates for 2024.

The updates are effective Jan. 2 across the following Platts price assessments for the Europe and Africa region.

Diesel:

Assessment Name 2024 netback/net forward formula
ULSD 10ppmS FOB NWE Cargo (AAVBF00) $5.38/mt
ULSD 10ppmS FOB NWE Basis Le Havre Cargo (AAWZD00) $6.61/mt
ULSD 10ppmS CIF NWE Basis Le Havre cargoes (AAWZC00) $1.18/mt
ULSD 10ppmS FOB Med Cargo (AAWYY00) $7.33/mt

Gasoil:

Assessment Name 2024 netback/net forward formula
Gasoil 0.1%S FOB NWE Cargo (AAYWR00) $7.70/mt
Gasoil 0.1%S FOB Med Cargo (AAVJI00) $6.77/mt

Jet Fuel:

Assessment Name 2024 netback/net forward formula
Jet FOB Med Cargo (AAIDL00) 2024 WS rate for Augusta-Rotterdam, inclusive of Rotterdam port fees

Please send any questions or comments to Europe_products@spglobal.com with a cc to pricegroup@spglobal.com.