SUBSCRIBER NOTE: PLATTS OPENS REVIEW OF COLONIAL PIPELINE JET, HEATING OIL ASSESSMENTS

S&P Global Platts is opening a formal consultation to seek feedback on its US refined product assessments that could be affected by Colonial Pipeline's plan to eliminate shipments of high sulfur grades of jet fuel and heating oil in January 2018.

Specifically, Platts invites feedback as to how and if these products should be assessed in the event that there is no underlying physical trade. For example, Platts could employ price information from related markets to arrive at a calculated assessment.

Platts invites comments, suggestions, questions and other feedback on the future of these assessments by November 11, 2016.

Colonial announced October 11 that the change would affect products with a sulfur content greater than 500 ppm, which includes 54 grade (jet) and 70, 71, 77 and 88 grades (high-sulfur heating oil). Colonial said its decision to eliminate the high sulfur grades was based on feedback from shippers, transmix processors, refiners and end users such as individual airlines.

Colonial also cited the requirements in Northeastern states to move toward ultra low sulfur heating oil and away from high sulfur heating oil. The pipeline said shipments of low sulfur products, such as low sulfur heating oil (75 grade and 85 grade) and low sulfur kero (55 grade), would continue.

Colonial's 1.16 million b/d distillate Line 2 is the main artery moving distillate product between the Gulf Coast and the Northeast.

The following Platts assessments reflect product currently moving on Colonial Pipeline which would be affected by the proposal:

US Gulf Coast Jet Kero 54 USGC prompt pipeline PJABO00 Jet Kero 54 USGC pipeline Cycle 01 AAELQ00 Jet Kero 54 USGC pipeline Cycle 02 AAELR00 Jet Kero 54 USGC pipeline Cycle 03 AAELS00 Jet Kero 54 USGC pipeline Cycle 04 AAELT00 Jet Kero 54 USGC pipeline Cycle 05 AAELU00 Jet Kero 54 USGC pipeline Cycle 06 AAELV00

Gasoil No. 2 USGC prompt pipeline POAED00 Gasoil No. 2 USGC pipeline Cycle 01 AAELW00 Gasoil No. 2 USGC pipeline Cycle 02 AAELX00 Gasoil No. 2 USGC pipeline Cycle 03 AAELZ00 Gasoil No. 2 USGC pipeline Cycle 04 AAEMA00 Gasoil No. 2 USGC pipeline Cycle 05 AAEMB00 Gasoil No. 2 USGC pipeline Cycle 06 AAEMC00

US Atlantic Coast Jet kero 54 USAC Linden pipeline prompt AAXPV00

Please send all comments, feedback and questions to americas_products@platts.com and pricegroup@platts.com.

Platts will study all feedback and provide an update on any possible changes to methodology after the close of the review period. 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.