Platts to launch non-oxygenated E10 Eurobob Gasoline barge FOB AR assessment

S&P Global Platts will begin publishing daily assessments for FOB Amsterdam-Rotterdam (AR) non-oxygenated E10 Eurobob gasoline barges effective August 5, 2019, following a period of market research and outreach.

The assessment will reflect a blendstock free from oxygenates that will meet the EN228 standard after the addition of up to 9.7% of ethanol.

In addition to an outright assessment of non-oxygenated Eurobob E10 gasoline barges, Platts will publish a daily differential to the existing Eurobob gasoline barge assessment (AAQZV00).

This follows an announcement by Platts May 20, 2019, that it will begin publishing these assessments from August 5, 2019, following a growth in the market for gasoline with higher levels of biofuels, as key European markets transition to this emerging standard.

The announcement can be viewed at: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/052019-platts-proposes-launching-e10-eurobob-gasoline-barge-fob-ar-assessment.

The non-oxygenated E10 Eurobob gasoline barge FOB AR assessment specifications will be as follows:

Loading dates: Platts will assess the value of non-oxygenated E10 Eurobob gasoline barges loading FOB AR 3-15 days forward from date of publication on Monday and Tuesday, and 5-15 days forward on Wednesday through Friday.

Size: Platts will reflect bids and offers for parcel sizes of 1,000 mt.

Bids and offers may be published in multiples of 1,000 mt, up to a maximum of 5,000 mt. The assessment will reflect a basis 1,000 mt size.

Specification: The assessment will reflect a blendstock that will meet the EN228 standard, with a 95 RON/85 MON minimum octane rating after the addition of up to 9.7% of ethanol.

Loadports: All bids, offers and trades will be published FOB AR (Amsterdam-Rotterdam).

Upon a deal, a seller can nominate any standard terminal in Amsterdam/Rotterdam.

Loading nominations at Antwerp or Terneuzen will also be reflected.

Where Antwerp or Terneuzen are nominated, any demonstrable incremental costs incurred by the buyer should be borne by the seller.

For further details on existing assessments, please refer to regional methodology and specifications guides at: https://www.spglobal.com/platts/en/our-methodology/methodology-specifications. Platts will continue to engage with all stakeholders and monitor for new fuel specification standards as they emerge to ensure its assessments reflect fuel grades that are most widely used.

Platts will provide timely notifications for any major changes to the assessments, including for any updates in specifications.

Please send all feedback and questions to oilgroup@spglobal.com and pricegroup@spglobal.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.