03 Apr 2023 | 13:26 UTC

Platts updates European ULSD, gasoil netback and net-forward formulae to reflect revised Antwerp flat rates

Platts, part of S&P Global Commodity Insights, has updated the Northwest European diesel and gasoil netback and net-forward assessments to reflect an increase in Port Tariffs for the port of Antwerp, as detailed in Worldscale Circular No. 24 (2023).

The formulae updates, effective April 3, are across the following Platts price assessments for Europe:

Assessment Name
2023 netback/net-forward formula
ULSD 10ppmS FOB NWE Cargo (AAVBF00)
$5.61/mt
ULSD 10ppmS FOB NWE Basis Le Havre Cargo (AAWZD00)
$6.80/mt
ULSD 10ppmS CIF NWE Basis Le Havre Cargo (AAWZC00)
$6.76/mt
Diesel 10ppm UK Cargoes CIF NWE - Original (French) Spec (AUKDA00)
$2.65/mt
Gasoil 0.1%S FOB NWE Cargo (AAYWR00)
$7.97/mt

This amends a typographical error in the previously-published subscriber note, reachable at: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/040323-platts-updates-european-ulsd-and-gasoil-netback-and-net-forward-formulae-to-reflect-revised-antwerp-flat-rates-effective-

Please send any questions or comments to Europe_products@spglobal.com with a cc to pricegroup@spglobal.com.