Platts to update Europe, Africa jet fuel index mt-to-barrel conversion factor Jan 4, 2021

Following a period of market feedback, S&P Global Platts will update the mt-to-barrel conversion factor of the European and African jet fuel assessments used in the calculation of the Platts Global Jet Fuel Index, and associated regional indexes, to 7.89 from 7.88 currently, with effect from Jan. 4, 2021.

This will bring it in line with the conversion factor of 7.89 currently being used for the underlying Platts European and African physical jet fuel benchmarks.

Five major regions are represented in the global jet fuel index, and each region is comprised of assessments of the value of jet fuel at specific trading locations. Of the five major regions, the Europe & CIS (Commonwealth of Independent States) Jet Index currently accounts for 28.47% of the Platts Global Jet Fuel Index, while the Middle East & Africa Jet Index currently accounts for 7.10%. These weighted percentages would not be impacted as a result of these proposed changes.

The affected assessments are:

Assessment Code

Jet Index Europe & CIS (cts/gal) PJECI07

Jet Index Europe & CIS ($/b) PJECI08

Jet Index Europe & CIS relative value PJECI00

Jet Index MidEast & Africa (cts/gal) PJMEA07

Jet Index MidEast & Africa ($/b) PJMEA08

Jet Index MidEast & Africa relative value PJMEA00

Global Index (cts/gal) PJGLO07

Global Index ($/b) PJGLO08

Global Index relative value PJGLO00

Global Index relative value (MAvg) PJGLO03

These assessments appear on Platts Global Alert page 115; in the Asia-Pacific/Arab Gulf Marketscan, European Marketscan, US Marketscan and Oilgram Price Report, as well as the Platts price database under the codes above.

Platts first proposed the change to the mt-to-barrel conversion factor in a subscriber note published Nov. 4, 2020. That proposal note can be found here: https://www.spglobal.com

Separately, Platts will also update the underlying assessments used in its Middle East & Africa jet fuel index with effect from Jan. 4, 2021, to better reflect market dynamics in the region. That decision note can be found here: https://www.spglobal.com

Please send any feedback or questions to PL_Middisteurope@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 to the public upon request.