SUBSCRIBER NOTE: Platts launches US VGO outright assessments

Platts has begun publishing outright price values for its eight US Gulf Coast, Atlantic Coast and West Coast vacuum gasoil assessments with effect from September 1, 2015.

These values were first proposed by Platts on July 24, 2015.

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

The assessments will appear in North American Crude and Products Scan and on PGA pages 764 and 765.

The new symbols are:

AUVGA00: VGO 0.5% Sulfur CIF USAC Barge AUVGA03: VGO 0.5% Sulfur CIF USAC Barge MAvg AAYMW00: VGO 0.5% Sulfur CIF USGC Barge AAYMW03: VGO 0.5% Sulfur CIF USGC Barge MAvg AUVGD00: VGO 0.5% Sulfur CIF USWC Barge AUVGD03: VGO 0.5% Sulfur CIF USWC Barge MAvg AUVGB00: VGO 1% Sulfur CIF USAC Barge AUVGB03: VGO 1% Sulfur CIF USAC Barge MAvg AAZMW00: VGO 1% Sulfur CIF USGC Barge AAZMW03: VGO 1% Sulfur CIF USGC Barge MAvg AUVGC00: VGO 2% Sulfur CIF USAC Barge AUVGC03: VGO 2% Sulfur CIF USAC Barge MAvg AUVGO00: VGO 2% Sulfur CIF USGC Barge AUVGO03: VGO 2% Sulfur CIF USGC Barge MAvg AUVGE00: VGO 2% Sulfur CIF USWC Barge AUVGE03: VGO 2% Sulfur CIF USWC Barge MAvg

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 VGO compared with a weighted average of Platts waterborne gasoline (70%) and waterborne heating oil (30%) assessments.

Platts also publishes assessments for the value of USGC, USAC and USWC VGO versus front-month cash WTI.

All existing differentials will 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.

For further questions or comments, please contact americas_products@platts.com or support@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.