Platts launches USGC light cycle oil assessment

Platts, part of S&P Global Commodity Insights, has launched a daily assessment for light cycle oil on the US Gulf Coast, effective Oct. 1.

Platts proposed the new assessment in a subscriber note published Aug. 20.

The new assessment will appear in US Marketscan, Oilgram Price Report, and the following fixed pages: Platts Refined Products Alert 156, 430, 482 and Platts Global Alert 156, 430 and 482.

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

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

Platts US Gulf Coast 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.