Platts discontinues Peru, Caribbean export refined product assessments

S&P Global Platts has discontinued assessments for exported fuel oil, naphtha and natural gasoline from Peru, as well as its FOB Caribbean jet fuel and fuel oil assessments, effective July 1, 2021.

Over the years, trade flows from these regions have changed and refining capacity has shrunk, resulting in dwindling exports. Refinery closures in the Caribbean include the Hovensa refinery on St. Croix in 2012 and Petrotrin's Pointe-a-Pierre refinery in Trinidad and Tobago in 2019, with the Caribbean now becoming a net importer of refined oil products. In Peru, the Talara refinery was shut in 2019 for a modernization project, and exports of refined products such as naphtha have also dwindled due to higher domestic blending use.

Platts first proposed discontinuing these assessments in a subscriber note published February 25, 2021: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/022521-platts-proposes-to-discontinue-peru-caribbean-export-refined-product-assessments

The affected assessments are:

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.These assessments previously appeared on Platts Global Alert pages 27, 30, 162, 460 and 560 and on Platts Global Bunkers page 30; in Platts Latin Wire and Platts Oilgram Price Report; as well as in the Platts price database under the codes above. Please send any feedback, comments or questions to americas_products@spglobal.com and pricegroup@spglobal.com.