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29 Sep 2014 | 07:51 UTC — Singapore
Platts confirms it will launch East-West fuel oil spread paper assessments at 4:30 pm Singapore time (0830 GMT). The new assessments will be launched October 1, 2014 -- under the name "East-West Fuel Oil" -- and will cover 12 calendar months and three quarters. Platts will add these assessments, which were first proposed on September 2, 2014, to enhance its coverage of the fuel oil forward curve. The assessed derivatives will be differentials between FOB Singapore 180 CST fuel oil paper and 3.5% FOB Rotterdam barge paper. At the same time, Platts will launch 3.5% FOB Rotterdam barge derivative assessments at 4:30 pm Singapore time. The new suite of outright price assessments would cover 12 calendar months. Platts will also publish time-spread paper assessments for all 12 calendar months, and crack spread paper assessments between the 3.5% FOB Rotterdam barge assessments and Brent swaps for all 12 months. The daily assessments will appear on Platts Global Alert pages 2660 (Platts FO 180 FOB Singapore vs FO 3.5 Rotterdam Barges) and 2662 (Platts FO 3.5 Rotterdam Barges at 4:30 pm Singapore time, time spread and Brent swap crack spread). Please continue to send any comments and feedback to Platts editors at asia_products@platts.com with a cc to pricegroup@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.