Platts discontinues 3.5% IFO 380 bunker assessment in Callao, Peru

Platts, part of S&P Global Commodity Insights, has discontinued its 3.5% IFO 380 bunker assessment in Callao, Peru, effective July 1, 2022.

The discontinuation was announced on April 12: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/041222-s-p-global-will-discontinue-its-35-ifo-380-bunker-assessment-in-callao-peru

The reconfiguration of the Talara refinery in Callao is expected to drastically reduce the production of residual fuel oil in the country. Based on the modernization that is set to complete in April 2022, sources have said bunker suppliers will only sell marine fuel 0.5%S bunker and MGO in Callao.

Sources also said there has been no HSFO available for sale since early-2020.

The decision affects the following assessment:

Platts Bunker FO 380 CST 3.5% Dlvd El Callao: PUAYP00

The assessment appeared on Platts Global Alert page 870 and in Platts Bunkerwire.

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