Platts to launch USAC Laurel Pipeline ULSD assessments from April 1

Platts, part of S&P Global Commodity Insights, will launch new assessments from April 1, 2024, for ultra low sulfur diesel loading onto Laurel Pipeline on the US Atlantic Coast, amid strong market interest.

Details of the new assessments are as follows:

The new assessments will reflect a minimum volume of 25,000 barrels and a maximum volume of 75,000 barrels loading on an FOB basis into Laurel Pipeline at Boothwyn, Pennsylvania.

Similar to the existing Buckeye Pipeline assessment, the Laurel Pipeline assessments will reflect ULSD loading three to seven days forward from the date of publication Monday to Wednesday, and five to nine days forward on Thursday and Friday.

The assessed date range will move further forward when pipeline scheduling is affected by holidays, and Platts will announce these changes prior to implementation.

Laurel ULSD will be assessed both as a differential to the prompt NYMEX ULSD futures contract until the final business day of the month, when its basis month would roll forward, and as an outright price.

Laurel Pipeline, owned and operated by Buckeye Partners, transports refined products from Altoona in eastern Pennsylvania westward to the Pittsburgh area. The new Laurel Pipeline assessments will reflect specifications published by Buckeye Partners for grade 190 ULSD.

The new Laurel ULSD assessments were proposed by Platts in a subscriber note published Feb. 15, 2024, available here(opens in a new tab).

Please send all comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com.

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