Platts amends New York Harbor 1%S fuel oil specifications

Following a formal consultation, S&P Global Platts has amended specifications for the New York Harbor 1%S fuel oil assessment (code PUAAO00), effective Jan. 4, 2021.

Platts has made four changes to the specification:

• The addition of max Total Sediment Potential (TSP) of 0.1%
• The lowering of max water content from 1% to 0.5%
• The removal of minimum energy requirement of 151,000 BTU/gal
• The addition of a maximum cleanliness rating of 3 for cleanliness and compatibility

This follows a subscriber note that opened a consultation on all US Atlantic Coast fuel oil assessments that was published April 13: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/041320-platts-opens-consultation-on-usac-residual-fuel-oil-assessments

In the initial consultation, Platts sought market feedback on whether the 1%S fuel oil assessment should move to a finished RMG specification. Market feedback suggested that consistently achieving a 1%S finished RMG specification is challenging given limited blending components available in the region.

The Platts NYH 1%S DAP assessment now reflects fuel oil with an Al+Si content of maximum 80 ppm; nitrogen of maximum 0.5%; vanadium of maximum 150 ppm; minimum-maximum gravity of 10.1-18.0 API; minimum-maximum viscosity of 70-250 SSF; flash point of minimum 150 F; pour point of maximum 60 F; ash of maximum 0.1%; BS&W of maximum 1.0%; water by distillation of maximum 0.5%; total sediment potential maximum 0.1%; vanadium of maximum 150 ppm; sodium of maximum 60 ppm; asphaltenes of maximum 8%; H2S of maximum 50 ppm; cleanliness and compatibility rating of maximum 3.

Please send any comments or feedback to americas_products@spglobal.com. and pricegroup@spglobal.com

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