Platts discontinues USAC low sulfur heating oil

Platts discontinues USAC low sulfur heating oil

S&P Global Platts has discontinued its US Atlantic Coast barge assessments for low sulfur heating oil, effective Sept. 1.

This decision follows a decision to discontinue both assessments, which can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/052120-platts-to-discontinue-usac-low-sulfur-heating-oil-sept-1

Spot liquidity has decreased significantly for high sulfur distillate in recent years, particularly since July 1, 2018, when New England moved to a maximum 15 ppm sulfur for home use. The region is the largest heating oil consumer in the US, as most other areas of the country use natural gas, electricity or propane for home heating. Pennsylvania is the last USAC market to use LSHO, but a new regulation passed late in 2019 will move the state to ULSHO on Sept. 1, 2020.

The affected assessments are as follows:

Please send any feedback to americas_products@spglobal.com and pricegroup@spglobal.com.These prices previously appeared on Platts Global Alert page 430, 482, in Platts US Marketscan and Platts Oilgram Price Report, and in the Platts price database.

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