Restricted origin pricing bases added to eWindow functionality for NWE ULSD Cargo MOC

Following the launch of new CIF Northwest Europe ULSD (restricted-origin) assessments April 11, 2022, S&P Global Commodity Insights has introduced new functionality on its eWindow communication tool for the Platts Market on Close assessment process, effective April 19, 2022.

S&P Global has added the following pricing bases to its NWE ULSD Cargo eWindow instrument, effective April 19:

RestOrigin ULSDCIFNWE Crg

RestOrigin ULSDCIFHavreCrg

RestOrigin CIF UK Crg

With this addition, participants in the MOC process are now able to select these pricing bases when submitting bids and offers for CIF NWE ULSD (restricted-origin) cargoes for publication directly through the eWindow communication tool or do so through an editor who would then publish the bids and offers using the software.

Platts has established clearly defined guidelines and standards of incrementability that apply when publishing bids and offers in the MOC process to ensure an orderly and transparent price-assessment process.

For further details of these guidelines, please see: https://www.spglobal.com/platts/en/our-methodology/methodology-specifications/oil/oil-timing-and-increment-guidelines. Please send any 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 upon request.