SUBSCRIBER NOTE: Platts launches 1:45 pm CT USAC fuel oil MOC cut-off time

Starting January 5, 2015, Platts confirms the cut-off time for providing bids and offers for publication in the US Atlantic Coast physical residual fuel oil Market On Close assessment process will be 1:45 pm Central time, 15 minutes later than the previous cut-off time of 1:30 pm Central time.

This change follows the decision note published December 23, 2014.

The proposed change follows a reduction in April 2014 in the volume size assessed by Platts in the USAC market to 50,000 barrels from the previous 120,000 barrels.

The current 1:30 pm CT cut-off for MOC positions was designed to give market participants more time to react to bids and offers and calculate the logistics involved in a potential trade.

The move to a smaller volume size has made this additional time unnecessary, and will align the timings in the USAC fuel oil market with those of other markets with similar batch sizes.