Platts discontinues USAC 2.2%S fuel oil assessments

Following a formal consultation, S&P Global Platts has discontinued the New York Harbor 2.2%S assessment effective Jan. 4, 2021.

The change followed a subscriber note that opened a formal consultation on all US Atlantic Coast fuel oil assessments that began on April 13: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/041320-platts-opens-consultation-on-usac-residual-fuel-oil-assessments

The decision to discontinue the assessment was published on July 17: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/071720-platts-to-discontinue-usac-22s-assessments-in-january-2021

The affected assessments are as follows:

NYH 2.2%S: PUAAU00

NYH 2.2%S vs NYH 1% MOPS: AAUGE00

Platts understands there has been a marked decline in demand for high sulfur fuel oil for power generation, and there is now insufficient physical flow to support the NYH 2.2%S assessment.

The assessments appeared on Platts Global Alert page 30, 38, 39, 152, 510, and 511, and in Platts US Marketscan, Platts Oilgram Price Report, Platts European Marketscan, Platts Gas Daily, and in the Platts price database.

Please send any on this decision to americas_products@spglobal.com and pricegroup@spglobal.com.

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