Platts to discontinue USAC 2.2%S assessments in January 2021

Following a formal consultation Platts will discontinue the New York Harbor 2.2%S assessment effective January 4, 2021.

This change follows a subscriber note that opened a formal consultation on all US Atlantic Coast fuel oil assessments that began on April 13: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/041320-platts-opens-consultation-on-usac-residual-fuel-oil-assessments

The affected assessments are as follows:

NYH 2.2%S: PUAAU00

NYH 2.2%S vs NYH 1% MOPS: AAUGE00

Platts understands that there has been a marked decline for high sulfur fuel oil for power generation, and there is now insufficient physical flow to support the NYH 2.2%S assessment.

These assessments appear on Platts Global Alert page 30, 38, 39, 152, 510, and 511. The assessments also appear in Platts US Marketscan, Platts Oilgram Price Report, Platts European Marketscan, Platts Gas Daily, and in the Platts price database.

Please send any feedback on this decision to americas_products@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.