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07 Oct 2020 | 21:55 UTC — New York
S&P Global Platts will discontinue several US Atlantic Coast gasoline assessments – New York Harbor conventional unleaded barges; Laurel RBOB; NYH unleaded 89, NYH unleaded 93, NYH CBOB and NYH Premium RBOB cargoes; as well as Boston RBOB cargo – effective Jan. 4, 2021.
This follows a proposal note published by Platts on Aug. 6: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/080620-platts-proposes-to-discontinue-usac-conventional-barges-laurel-rbob-cbob-cargo-boston-cargo-assessments.
As part of this project, Platts will also discontinue related assessments for premium grades, supplementals, differentials and intradays.
The discontinuations are due to a decline in physical flows in these markets for various reasons. Spot liquidity in finished grade gasoline in the NYH region has declined over the years, with the market primarily focused on the import and trade of gasoline components, which are then typically blended domestically into finished regular and premium gasoline grades, Platts understands.
There have also been limited imports of CBOB cargoes into the NYH region, with such cargoes primarily coming into the US via the Southeast region. In Boston, RBOB cargo trade has shifted to term contracts, Platts understands, while the Laurel Pipeline stopped shipping RBOB in 2019.
As part of this project, Platts will also discontinue the New York Harbor unleaded 87 cargo intraday assessment.
These assessments appear on Platts Global Alert pages 310, 312 and 1350, in Platts US Marketscan, European Marketscan and Platts Oilgram Price Report, and in the Platts price databased under the codes above.
Please send any questions, comments or feedback 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.
To see this note and others, please go to https://www.spglobal.com/platts/en/our-methodology/subscriber-notes.