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19 Apr 2012 | 12:58 UTC — Houston
Platts assesses US Gulf Coast residual fuel oil on a FOB Port of Houston basis.
While bid and offers in other locations such as the Galveston or New Orleans area are allowed in the Market on Close assessment process, any location other than the Port of Houston will be normalized for assessment purposes using prevailing barge rates.
This has been the standard used in assessing the US Gulf Coast 3% fuel oil market.
Please send inquiries to americas_products@platts.com and pricegroup@platts.com.