S&P Global seeks feedback on non-Russian origin for Platts oil product assessments

S&P Global Commodity Insights seeks immediate feedback on definitions of non-Russian origin in Platts price assessment processes.

Platts has observed that an increasing number of participants in many refined product markets are now restricting material from Russia, in part or entirely, in their spot market trading activity, although without consistency on how Russian-origin material is defined.

To help bring additional transparency and clarity to this emerging market behavior, S&P Global is seeking feedback on several aspects around origin restrictions in oil products markets, in particular:

- Whether origin is determined by where a cargo is loaded, where the product itself was produced, or some other means

- Whether origin is determined differently in FOB and delivered (CIF/CFR/DAP) markets

- Whether origin restrictions are absolute, or allow some portion of the whole volume to come from the origin in question

- What documentation is required to demonstrate origin

- How different terms used by market participants to define origin affects the chainability of product in these markets

Please send all feedback to Europe_Products@spglobal.com or Asia_products@spglobal.com, with a cc to PriceGroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing. S&P Global will consider all comments received and will make comments not marked as confidential available to the public upon request.