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21 May 2014 | 11:01 UTC — London
Platts proposes extending its ultra low sulfur diesel, gasoil and jet derivative assessments beyond January 2015, with effect from August 1, 2014. On April 29, ICE said it would suspend the low sulfur gasoil futures contract from next year. Instead, ICE said its legacy gasoil futures contract would be extended and reflect the ultra low sulfur diesel specification from the February 2015 contract onwards. Platts withdraws its proposal to launch new derivative assessments against the ICE low sulfur gasoil futures contract, dated February 11. Platts welcomes feedback and questions to europe_products@platts.com, with a cc to pricegroup@platts.com. The consultation period will run until June 27, 2014. For written comments, please provide a clear indication if the 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.