Platts to discontinue Peru, Caribbean export refined product assessments July 1, 2021

S&P Global Platts will discontinue its assessments for exported fuel oil, naphtha and natural gasoline from Peru, as well as its FOB Caribbean jet fuel and fuel oil assessments, effective July 1, 2021.

Over the years, trade flows in these regions have changed and refining capacity has shrunk, resulting in dwindling exports. Refinery closures in the Caribbean include the Hovensa refinery on St. Croix in 2012 and Petrotrin's Pointe-a-Pierre refinery in Trinidad and Tobago in 2019, with the Caribbean now becoming a net importer of refined oil products. In Peru, the Talara refinery was shut in 2019 for a modernization project, and exports of refined products such as naphtha have also dwindled due to higher domestic blending use.

The discontinuation of these assessments was proposed in a subscriber note published Feb. 25, 2021: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/022521-platts-proposes-to-discontinue-peru-caribbean-export-refined-product-assessments

The affected assessments are:

The assessments currently appear on Platts Global Alert pages 27, 30, 162, 460 and 560 on Platts Global Bunkers page 30; in Platts Latin Wire and Platts Oilgram Price Report; as well as in the Platts price database under the codes above.

Please send any feedback, comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com.

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