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09 May 2016 | 06:24 UTC — Houston
On May 31, 2016, Platts will assess the US Gulf Coast ULSD (62 grade), jet fuel (54 grade) and No. 2 heating oil (77 grade) for Colonial Pipeline C30 using the NYMEX July ULSD futures contract as the basis.
This basis will be reflected in C30 eWindow instruments as well. On June 1, Colonial Pipeline's C30 for 62 grade and 77 grade will also be assessed against the NYMEX July ULSD futures. On June 2, Colonial Pipeline's C30 for 77 grade will be assessed against the NYMEX July ULSD futures. Through May 30, Gulf Coast ULSD prompt pipeline, jet fuel and No. 2 heating oil prompt pipeline will be assessed against the NYMEX June ULSD futures contract, which expires before the May 31 Platts Market on Close assessment process ends at 3:15 pm EDT (1915 GMT).
For questions or comments, please email americas_products@platts.com and pricegroup@platts.com.