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 on 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.

S&P Global has established clearly defined guidelines and standards of incrementability which apply when publishing bids and offers in the MOC process in order 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.