Refined Products, Fuel Oil
May 01, 2025
Platts launches fuel oil 1% Med/North, 3.5% CIF/FOB derivative assessments
Platts, part of S&P Global Commodity Insights, has launched assessments for 1% Fuel Oil Med/North and 3.5% CIF/FOB Med derivatives, effective May 1.
The new assessments were originally proposed in a subscriber note published March 3, available here, and confirmed in a decision note published March 21, available here.
Platts has launched new assessments for the Balance Month (BalMo) and Months 1 through 2 derivative contracts for the following:
| Symbol | FO 1%S FOB Med Cargo vs FO 1%S FOB NWE | FO 1%S FOB Med Cargo | FO 3.5%S CIF Med Cargo | FO 3.5%S CIF vs FOB Med Cargo |
| Balmo | FFMCN00 | FFMFN00 | FOCMB00 | FOH3M00 |
| Mo01 | FFMDN00 | FFMGN00 | FOCMB01 | FOH3M01 |
| Mo02 | FFMEN00 | FFMHN00 | FOCMB02 | FOH3M02 |
Balance-month swaps are assessed from the 1st through the 20th of the month.
The assessments are published daily and will be found on the following fixed pages: PPE1682, PPE1686, PPE1687
Platts already assesses the forward curve for 3.5% FOB Med Cg/3.5% FOB Rdam barge derivatives. The assessment codes can be found here.
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