Platts proposes to add USGC marine fuel Brent crack spreads

Platts, part of S&P Global Commodity Insights, is proposing to begin publishing Brent crack spread assessments for its USGC marine fuel 0.5% fuel oil derivative assessments effective Aug. 1, 2024.

Platts is proposing Brent crack swaps assessments for the 12 forward months, four forward quarters and for one calendar year that comprises the current USGC 0.5%S swap curve.

Platts currently observes consistent liquidity on marine fuel 0.5%S in the USGC as a differential to Brent in the paper market as well as for some physical trades. Platts already assesses Brent crack swaps for several clean and dirty derivatives markets including USGC HSFO and Gulf Coast ULSD.

The new assessments would be available on Platts Global Alert page 682.

Please send any comments or feedback to americas_bunkers@spglobal.com and pricegroup@spglobal.com by June 3.

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.