SUBSCRIBER NOTE: Platts corrects August 3 HSFO CIF Med assessment rationale

Please note the Platts has corrected the August 3, 2015, HSFO CIF Med assessment rationale. This correction only affects the rationale, not the assessment.

The correct HSFO CIF Med assessment rationale should read as: 3.5% CIF Med cargoes were assessed at $256/mt. There was an offer from Mabanaft on the front end which traded very near the close at $254.62/mt and a competitive bid from Cadoil at $256.96/mt. Together, they defined a 24 cents/day contango structure. There was also an offer from Mabanaft at $257.15/mt on the mid-window, which was not deemed competitive. This rationale is published on Platts Gloabl Alert page 1580, and in Platts European Marketscan.

For questions or comments, please email europe_products@platts.com.