Platts adds all-origin pricing basis to eWindow functionality for NWE ULSD Cargo MOC

Following the launch of the new CIF Northwest Europe ULSD (all origin) assessment June 1, S&P Global Commodity Insights has introduced new functionality on its eWindow communication tool for the Platts Market on Close assessment process, effective July 7.

S&P Global has added the following pricing basis to its NWE ULSD Cargo eWindow instrument, effective July 7:

AllOrigin ULSDCIFNWE Crg

With this addition, participants in the MOC process will be able to select this pricing basis when submitting bids and offers for CIF NWE ULSD (all origin) cargoes for publication directly through the eWindow communication tool, or do so through an editor who would then publish the bids and offers using the software.

S&P Global has established clearly defined guidelines and standards of incrementability that apply when publishing bids and offers in the MOC in order to ensure an orderly and transparent price assessment process.

For further details of these guidelines, please see: https://www.spglobal.com/platts/en/our-methodology/methodology-specifications/oil/oil-timing-and-increment-guidelines

Please send any 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 upon request.