Platts seeks feedback on Russian product in European gasoline, LPG, jet fuel assessments

Platts, part of S&P Global Commodity Insights, is seeking feedback on whether Russian material is part of the open spot market reflected in Platts European benchmark gasoline, LPG, and jet fuel assessments

Platts has observed that an increasing number of market participants are restricting material from Russia, in part or entirely, in their spot gasoline, LPG, and jet fuel trading activity.

Platts is seeking immediate feedback on whether the basis definition of open origin for its gasoline, LPG, and jet fuel assessments should continue to include Russian-origin material, or whether it should reflect the market move toward trading non-Russian material.

Unless otherwise stated, Platts benchmark assessments in these markets currently reflect an open-origin basis, which could potentially include Russian-origin supply. All Platts assessments reflect merchantable commodities.

Platts gasoline, LPG, and jet fuel assessments include FOB and CIF cargo markets in Northwest Europe and the Mediterranean, as well as FOB barges and coasters and FCA rail assessments. Platts is seeking clarity on whether participants in all these markets are adopting a similar stance with regard to Russian-origin material.

Platts has already excluded Russian product from its European naphtha, diesel, and gasoil cargo assessments. The relevant subscriber notes are available here and here.

Please send all immediate feedback, questions, or comments to Europe_Products@spglobal.com and PriceGroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by S&P Global for public viewing. S&P Global will consider all comments received and will make comments not marked as confidential available to the public upon request.