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31 Jan 2023 | 13:55 UTC
Ahead of the announced discontinuation of CIF Northwest Europe ULSD (restricted origin) assessments, effective March 1, 2023, Platts, part of S&P Global Commodity Insights, has removed the following NWE ULSD cargo pricing basis functionality on its eWindow communication tool, effective Jan. 31:
RestOrigin ULSDCIFNWE Crg
RestOrigin ULSDCIFHavreCrg
RestOrigin CIF UK Crg
These functionalities were added on April 19, 2022, and allowed participants in the Platts Market on Close assessment process to select these pricing bases when submitting bids and offers for CIF NWE ULSD (restricted origin) cargoes for publication directly through the eWindow communication tool, or do so through an editor who would then publish the bids and offers using the software.
The discontinuation of restricted-origin European ULSD assessments was first proposed on Nov. 24, 2022: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/112422-platts-proposes-to-discontinue-restricted-origin-european-ulsd-assessments-on-march-1-2023 and confirmed on Jan. 17, 2023: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/011723-platts-to-discontinue-restricted-origin-european-ulsd-assessments-on-march-1
Please send any feedback, questions or comments to europe_products@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing. S&P Global will consider all comments received and will make comments not marked as confidential available upon request.