07 Dec 2018 | 19:55 UTC — Houston

SUBSCRIBER NOTE: Platts clarifies conversion rate for USGC HSFO

S&P Global Platts would like to clarify that the metric ton-to-barrel conversion factor for its USGC HSFO assessment (data code PUAFZ00) is 6.35.

This conversion rate is in line with the previously-announced specification change to reflect the prevailing qualities of RMG 380 3.5% quality fuel oil.

This updates the conversions as of assessments today that appear on Platts Global Alert pages 31 and 39; and in Platts' US Marketscan under the table "Five-Day Rolling Averages" and in Oilgram Price Report under the table "Five-Day Rolling Averages."

The clarification is not a change in USGC HSFO methodology, which continues to reflect the same specification, and does not affect any databased prices.

Please send all feedback and questions 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.