Platts may publish non-standard information in oil product assessment process

S&P Global Commodity Insights has observed that participants in European oil product markets are increasingly seeking to include restrictions, particularly relating to the provenance and ownership of material, its origin and/or transport logistics in their bids, offers and indications to trade.

Given the importance of verifiable market information, particularly at a time of such uncertainty and volatility, Platts will publish bids, offers and indications to trade that include restrictions on origin, where appropriate.

Published bid, offer and trade information that deviates from Platts standard may be subject to normalization to open-origin basis, and depending on the extent of the deviation, may not be fully reflected in the final assessment.

Platts makes no commitment to publish every bid or offer submitted to it, particularly if they are deemed to be unperformable or overly restrictive.

Unless otherwise stated, Platts price assessments reflect oil products of open origin. Platts assessments reflect merchantable material and S&P Global Commodity Insights is continuously reviewing the merchantability of open-origin oil products in its Market on Close assessment process.

Please send any comments or questions to europe_products@spglobal.com and copy pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.