Platts clarifies USGC 1% fuel oil specifications

Platts is clarifying the underlying specifications for its US Gulf Coast 1% sulfur fuel oil assessment.

These align with typical market practices for merchantable 1% sulfur fuel oil utility-grade fuel oil in the US Gulf Coast.

Under normal market conditions, typical USGC utility-grade 1% sulfur fuel oil specifications are in line with Florida Power & Light 1% maximum sulfur fuel oil for delivery to Manatee and Port Everglades, with the exception of API Gravity of minimum 6 degrees.

In its assessment processes, Platts has considered all bids, offers and transactions for 1% sulfur fuel oil barges with FP&L quality guarantees in the assessment process for these delivery locations as well as Canaveral, Miami, and Palm Beach, and has normalized for the quality differences between Port Everglades/Manatee and these alternate delivery points.

Thes specifications for FP&L Manatee/Port Everglades fuel oil include: Dicyclopentadienes (DCPD) of max 600 ppm, Zinc+Magnesium+Phosphorous of max 30 ppm, Water and sediment of max 1%, Viscosity of 25-225 SSF, Nitrogen of max 0.4%, Calcium of max 100 ppm, Vanadium of max 200 ppm, Al+Si of max 120 ppm, Flash point of min 150 F, Asphaltenes of max 8.0%, Ash of max 0.1%, Sediment of max 0.20% by weight, Separability number of max 4, Sulfur of max 1.0%.

Please contact Esa Ramasamy, +1 713-658-3292, esa_ramasamy@platts.com, with a cc to pricegroup@platts.com for any questions.