SUBSCRIBER NOTE:Platts to continue publishing residual, marine fuel assessments after 2020

S&P Global Platts intends to continue publishing its existing high sulfur and low sulfur physical fuel oil and marine fuel benchmark price assessments globally leading up to and through the planned International Maritime Organization limitations on sulfur in marine fuels in 2020.

The decision follows extensive consultation with the industry after Platts opened a formal review of its global residual and bunker fuel assessments in a subscriber note published February 20, 2017.

Marine fuel standards are likely to see significant changes as a result of the planned introduction of a 0.5% sulfur limit by the IMO from January 1, 2020.

Feedback received by Platts indicates that its existing high sulfur and low sulfur assessments are likely to remain relevant during and after the global adoption of 0.5% sulfur marine fuel standards.

Further, a possible increase in the use of exhaust-cleaning technology by ships could continue to support demand and activity in high sulfur residual fuels after the transition.

Please send any further feedback to oilgroup@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.