Agriculture, Biofuel

October 28, 2024

Platts to update component weighting for Global Transportation Fuels Index for 2025

Platts, part of S&P Global Commodity Insights, will update the component weighting used in the Platts Global Transportation Fuels Index [ADEXA00], effective Jan. 2, 2025.

The revised weighting reflects an update in the relative global CO2 emissions from the transport sector by fuel type, following a review of the latest International Energy Agency data.

The new weightings for the components are as follows:

Assessment Symbol Currency/UoM Current weighting Revised weighting from Jan 2025
Gasoline CBOB 87 USGC AARQU00 cents/gal 27.06% 26.82%
ULSD 10ppmS CIF NWE Cargo AAVBG00 $/mt 48.54% 48.24%
Global Jet Index PJGLO09 $/mt 11.60% 9.81%
FOB Spore Marine Fuel 0.5% Cargo AMFSA00 $/mt 10.60% 11.10%
Chicago Argo Ethanol AALRI00 cents/gal 2.20% 4.03%

The Platts Global Transportation Fuels Index [ADEXA00] is a composite daily index featuring key Platts transportation fuels physical benchmarks across road, air, sea and rail, weighted by the relative carbon emissions associated with each fuel type. The weightings in the index represent a broad view of proportional transportation fuels around the world. The weightings are reviewed annually to keep the index representative of global supply and demand trends.

More details about the calculations and methodology of the index can be found in the Platts Global Commodity Indices Specifications Guide at: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/global_commodity_indices.pdf?utm_medium=homepage/.

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