Platts to launch Arab Gulf financial derivative crack values July 1, 2024

Platts, part of S&P Global Commodity Insights, will begin publishing values of financially settled product crack derivative contracts for the Arab Gulf (MOPAG) refined products against the Dubai and Brent financial contracts, respectively, from July 1, 2024.

Platts will publish crack derivative values for the first two months -- Month 1 and Month 2 -- for the following MOPAG products: naphtha, gasoline 95, gasoline 92, kerosene, gasoil, HSFO 380 CST and 0.5%S marine fuel.

These crack derivative values will be calculated from existing Platts assessments for MOPAG refined product and crude derivatives at the close of Asian trade at 4:30 pm Singapore time (0830 GMT).

The underlying MOPAG refined product derivatives are assessed based on bids, offers or trades seen in the Platts Market on Close assessment process from S&P Global. In the absence of any bids, offers or trades in the MOC, information seen from derivatives exchanges or heard in the over-the-counter markets may be taken into consideration.

In the absence of any observable activity for MOPAG refined product derivatives on the day, Platts will take into consideration the Japan derivatives for naphtha and the respective Singapore derivatives for gasoline, kerosene and gasoil, coupled with freight netback and forward freight agreement values.

Please send any further feedback, comments and queries to asia_products@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.