S&P Global seeks feedback on Russian product in Platts European diesel, gasoil assessments

S&P Global Commodity Insights is seeking feedback on whether Russian material is part of the open spot market that Platts reflects in its benchmark diesel and gasoil assessments in Europe.

In recent weeks, Platts has observed that an increasing number of market participants are now restricting material from Russia, in part or entirely, in their spot diesel and gasoil trading activity. Although Russian product continues to flow to the European market, Platts understands that it is not trading on the same basis as product from other origins, and that there is a difference in value between Russian and non-Russian product.

Platts is seeking immediate feedback on whether its basis definition of open-origin for its diesel and gasoil assessments should continue to include Russian-origin material, or whether it should reflect the market move towards trading non-Russian material.

Unless otherwise stated, Platts benchmark assessments in these markets currently reflect an open origin basis, which includes potential supply from Russia. All Platts assessments reflect merchantable commodities.

Platts diesel and gasoil assessments include delivered (CIF) cargo markets in Northwest Europe and the Mediterranean as well as FOB barge assessments. Platts is seeking clarity on whether participants in all these markets are adopting a similar stance with regard to Russian origin material.

Please send all feedback, questions or comments to Europe_Products@spglobal.com and 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.