Platts adds Tarragona, Cartagena to ports reflected in FOB Med gasoline MOC process

Platts, part of S&P Global Commodity Insights, has expanded the list of ports reflected in its Market on Close assessment process for FOB Mediterranean gasoline cargoes effective Sept. 26, 2023, to include Tarragona and Cartagena in Spain.

Following market feedback, Platts understands that Tarragona and Cartagena are active production hubs in the Mediterranean, where a range of market participants operate. Refineries in these locations are known exporters in the Mediterranean.

The addition of Tarragona and Cartagena was first proposed in a subscriber note published Aug. 14 and reachable here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/081423-platts-proposes-adding-tarragona-cartagena-to-ports-reflected-in-fob-med-gasoline-assessment. A subsequent decision note was published Aug. 29 and is reachable at: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/082923-platts-to-add-tarragona-cartagena-to-ports-reflected-in-fob-med-gasoline-assessment-sept-26

Platts has started publishing bids, offers and trades for gasoline cargoes loading from Tarragona and Cartagena in the MOC assessment process for FOB Mediterranean gasoline cargoes, in addition to the ports previously reflected. The assessment reflects cargoes loading FOB basis Santa Panagia Bay 10-25 days from the date of publication, normalized to reflect the mean value of the delivery period. Loadings taking place in other Mediterranean locations may be considered in the MOC assessment process and normalized back to reflect value basis Santa Panagia Bay.

The following locations are now reflected:

Croatia: Rijeka

Cyprus: VTT Vasiliko

Greece: Aspropyrgos, Thessaloniki, Agioi Theodoroi

Italy: Augusta, Falconara, Genoa, Milazzo, Santa Panagia Bay, Sarroch

Malta: Malta

Morocco: Tangier

Spain: Barcelona, Castellon, Tarragona, Cartagena

Please send any comments or questions to europe_products@spglobal.com and pricegroup@spglobal.com.

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