Platts amends volumes for Houston, New Orleans bunkers assessments, updates eWindow instruments

S&P Global Platts has amended the ex-wharf and delivered volumes assessed for the Houston and New Orleans bunkers markets for Marine Fuel 0.5%S and IFO 380, and established a minimum and maximum volume for MGO in those ports, effective Nov. 1, 2021.

The decision was announced on Sept. 30: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/093021-platts-to-amend-volumes-for-houston-new-orleans-bunkers-assessments

Platts has changed the volume range for Marine Fuel 0.5%S and IFO 380 to 500 to 750 mt on both an ex-wharf and delivered basis. The previous range was 250 to 1,000 mt on an ex-wharf basis and 250 to 500 mt on a delivered basis.

Platts has also established a minimum and maximum range for MGO in Houston and New Orleans of 75 to 225 mt on both an ex-wharf and delivered basis. Platts understands that MGO volumes within this range are typically traded and delivered in combination with another product, and the assessment reflects value for these combination deals. Previously Platts reflected a typical size of 150 mt ex-wharf and a typical size of 75 mt delivered.

Effective Nov. 1, Platts has updated the eWindow instruments to reflect the new ranges. Participants in the Platts Market on Close assessment process can submit bids, offers and trades for publication through the eWindow communication tool for a minimum volume of 500 mt and a maximum volume of 1,000 mt for IFO 380 and Marine Fuel 0.5%S in New Orleans and Houston, and for a minimum volume of 75 mt and a maximum volume of 225 mt for MGO.

Please send all questions and comments to oilgroup@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.