SUBSCRIBER NOTE: Platts to launch FOB Arab Gulf 10 ppm gasoil assessment

Platts proposes to launch a FOB Arab Gulf assessment for 10 ppm gasoil April 1, 2015. This follows the growth in production and trade of the 10 ppm grade in the Middle East.

In line with Platts existing FOB AG gasoil assessments, this new assessment would be based on adding an assessed sulfur differential to Platts outright FOB Arab Gulf Gasoil assessment, which is a freight netback from Platts outright FOB Singapore Gasoil assessment, both of which represent 500 ppm sulfur gasoil.

In addition, Platts would publish a cash differential for the 10 ppm gasoil grade representing the price buyers are willing to pay over and above the benchmark FOB Arab Gulf Gasoil assessment around loading dates.

The new assessments would be published in Platts Asia Pacific Arab Gulf Marketscan, on Platts Global Alert pages 2404 and 2420 and in the Platts price database.

Platts also invites feedback as to the continued future of the FOB Arab Gulf assessment for 50 ppm gasoil freight netback and premium. Changing market conditions in the Middle East have led to a decline in liquidity around this grade.

Please send comments and feedback by February 1, 2015, to asia_products@platts.com and pricegroup@platts.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.