SUBSCRIBER NOTE: Platts proposes publishing outright US VGO assessments

Platts is proposing to publish outright price values for its eight US Gulf Coast, Atlantic Coast and West Coast vacuum gasoil assessments. Platts proposes to launch these assessments with effect from September 1, 2015. Platts is also considering discontinuing VGO assessments expressed as differentials to gasoline and diesel benchmarks.

These outright price assessments would be published in US dollars per barrel, and complement existing assessments of VGO, which are published as differentials for 0.5%, 1% and 2% sulfur VGO.

Platts currently assesses gasoline and heating oil-related differentials in cents per gallon for USGC, USAC and USWC VGO, where these differentials represent the value of each grade of VGO compared to a weighted average of Platts waterborne gasoline (70%) and waterborne heating oil (30%) assessments. Platts also publishes an assessment for the value of USGC VGO versus front-month cash WTI.

All existing differentials would continue to be published until further notice. Platts is requesting feedback on the possibility of discontinuing the 70/30 differentials assessments after outright value assessments are launched.

Please send feedback, questions and comments by August 14, 2015, by email to americas_products@platts.com and pricegroup@platts.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.