Platts proposes new New York Harbor fuel oil assessments

Platts is proposing to launch two new US Atlantic Coast residual fuel oil cargo assessments. From Tuesday, May 1, 2012, Platts proposes to publish assessments for No. 6, 1%S fuel oil basis FOB New York Harbor, and RMG 380 fuel oil basis FOB New York Harbor. Both assessments would reflect a minimum volume of 25,000 barrels.

Specifications for the new 1% assessment would be in line with Platts' existing USAC No. 6 1%S specification. Similarly, the specification for the new RMG 380 assessment would be in line with Platts' existing US Gulf Coast RMG 380 basis.

Platts would publish these two assessments on Platts Global Alert page 44, in US Marketscan, Oilgram Price Report, and Platts Market Data.

Please send questions and comments by April 13 to americas_products@platts.com and pricegroup@platts.com.