Platts updates flat rates used in Russian product netbacks to reflect Turkish Straits fees

Platts, part of S&P Global Commodity Insights, has updated flat rates used in the Russian product netback assessments to reflect an increase in transit fees through the Turkish Straits, as detailed in Worldscale Circular No. 57 (2023).

Effective Aug. 3, an additional 12 cents/mt has been added to the flat rate of the route Novorossiisk-Genoa. The assessments affected are Russian domestic gasoline, diesel and fuel oil netbacks.

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