Platts proposes to publish USGC resid strip

Platts proposes to publish a daily Mean of Platts US Gulf Coast 3%S residual fuel "strip" assessment, as well as the differential to that assessment, beginning October 1.

The US Gulf Coast 3% sulfur strip refers to the average forward value for the US Gulf Coast residual fuel oil assessment period of 5-13 days from date of publication. In addition to the publication of the strip, Platts would also publish the differential between slurry, 1% residual fuel oil, 3% residual fuel oil and RMG 380 CST assessments and the strip.

These assessments would appear in the US Marketscan and on Platts Global Alert page 50.

Please send comments by August 31 to robert_sharp@platts.com, or to esa_ramasamy@platts.com, with a cc to the Platts price group at pricegroup@platts.com.