Platts corrects Fuel Oil 3.5%S FOB Rdam Barge Assessment Rationale for Nov. 12

Platts, part of S&P Global Commodity Insights, has corrected the Fuel Oil 3.5%S FOB Rdam Barge <PUABC00> assessment rationale for Nov. 12, which should read as follows:

The 3.5%S FOB Rotterdam barges were assessed based on the following inputs:

Value on Nov. 19 was assessed at $369.25/mt, above a competitive outstanding bid for the front-end dates in the Platts Market on Close assessment process.

Value on Nov. 22 was assessed at $368.25/mt, below an outstanding offer for the mid-window dates in the Platts Market on Close assessment process.

Value on Nov. 25 was assessed at $368.25/mt, above an outstanding bid for the back-end dates in the Platts Market on Close assessment process.

A daily backwardation of around 33 cents/mt was implied between the front-end and the mid-window and extended to the front of the physical curve.

A daily flat structure was implied between the mid-window and the back-end and extended to the back of the physical curve.

Exclusions: None.

This rationale appears in the Platts European Marketscan.