SUBSCRIBER NOTE: Platts to discontinue some Latin American refined products assessments

As a result of changing market conditions and after a formal review that started June 19, 2015, Platts is proposing to discontinue a number of Latin American refined products assessments with effect from July 1, 2016.

Countries in South America and the Caribbean in general have reduced their exports of refined products, while increasing imports.

In addition, several countries in South America have implemented tighter sulfur restrictions on fuels and as a result there are fewer imports of fuel oil and high sulfur diesel, and more imports of ultra low sulfur diesel.

In the Caribbean, the region has shifted in general from being a net exporter to a net importer, while spot market liquidity has declined.

As a result, Platts is proposing to discontinue the following Latin American and Caribbean refined products assessments, with effect from July 1, 2016:

Assessment Price database code Monthly average code Argentina Mogas 84 PPASJ00 PPASJ03 Argentina Fuel Oil 0.7%S PPARI00 PPARI03 Brazil Fuel Oil 0.5-0.6%S PPARJ00 PPARJ03 Ecuador naphtha AAWVW00 AAWVW03 Peru fuel oil 2.0%S PPARL00 PPARL03 Caribbean naphtha cents/gal PAAAB10 PAAAB13 Caribbean naphtha $/mt PAAAB00 PAAAB03 Caribbean gasoil POAAU10 POAAU13 Caribbean fuel oil 2.8% S PUAAV00 PUAAV03

The following existing assessments in Latin America will not be impacted: Colombia Fuel Oil 1.75% S (PPARO00), Ecuador Fuel Oil 2.2%S (PPASL00), Peru Naphtha (PAAAS00), Peru Fuel Oil 1.6%S (PPARK00), Caribbean Jet (PJAAD10), Caribbean Fuel Oil 2.0%S (PUAAS00).

These assessments are also published on Platts Global Alert and in Platts Latin American Wire.

Platts has published a separate subscriber note detailing a number of proposed new assessments and one assessment modification as part of a broad review of its Latin American and Caribbean refined product assessments.

Please send any comments, questions or feedback to americas_products@platts.com and copy pricegroup@platts.com by December 24, 2015.

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.