Platts to launch USGC light cycle oil assessment from Oct. 1

Platts, part of S&P Global Commodity Insights, will launch an assessment for light cycle oil on the US Gulf Coast with effect from Oct. 1, 2024.

The decision to launch the assessment follows a proposal published Aug. 20: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/082024-platts-proposes-to-launch-usgc-light-cycle-oil-assessment .

The assessment will reflect product moving by barge between refineries on the US Gulf Coast. Platts understands LCO on the USGC typically trades as a differential to USGC prompt pipeline ULSD, minus the Renewable Volume Obligation. The new assessment will reflect bids, offers and trades for LCO barges on an FOB Houston basis for delivery 7-14 days forward, published as an outright value.

The assessment will reflect LCO barges of 45,000 barrels with a maximum sulfur content of 2,000 ppm, an API gravity between 18 degrees and 25 degrees, and aromatics content less than 1%.

Platts FOB Houston LCO specifications:

Pricing information for material with other specifications and terms may be considered for the assessments, normalized to the proposed standard.

Please send all comments or to americas_products@spglobal.com and pricegroup@spglobal.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.