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19 Jun 2014 | 03:09 UTC — Houston
Please note that Platts has added a 77 grade eWindow instrument reflecting nomenclature on the Colonial Pipeline that is specific to undyed heating oil at the point of origin in the US Gulf Coast.
The 77 grade instrument represents undyed heating oil in line with general market convention and Platts assessment methodology.
The addition is prompted by changes in fees implemented by Colonial Pipeline Company, which now charges a 10 cent/barrel regrade fee to shippers who want to change the grade of their product in transit through its pipeline system.
Platts will treat any 77 grade bid, offer, and marked interest as information to be used to assess undyed heating oil in the US Gulf Coast.
Platts 88 grade heating oil will represent product to be dyed by Colonial Pipeline Company.
The Platts 88 grade instrument will remain available in eWindow, but MOC positions for this grade are subject to editorial guidelines and may not be used for assessment purposes.
Please send any comments or questions to americas_products@platts.com and pricegroup@platts.com.
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.