METHODOLOGY: Platts to update 2025 European Jet, USLD and Gasoil netback and net-forward assessment formulae effective Jan. 2, 2025

Platts, part of S&P Global Commodity Insights, will update the formulae to derive its netback and net-forward assessments to reflect updated Worldscale freight rates for 2025.

The updates are effective Jan. 2, 2025, across the following Platts price assessments for the Europe and Africa region.

Effective Jan. 2, 2025, the following formulae apply:

Diesel:

Assessment Name 2025 netback/net-forward formula

ULSD 10ppmS FOB NWE Cargo(AAVBF00) $5.72/mt

ULSD 10ppmS FOB NWE Basis Le Havre Cargo (AAWZD00) $7.05/mt

ULSD 10ppmS CIF NWE Basis Le Havre cargoes (AAWZC00) $6.98/mt

ULSD 10ppmS FOB Med Cargo(AAWYY00) $7.90/mt

Gasoil:

Assessment Name 2025 netback/net-forward formula

Gasoil 0.1%S FOB NWE Cargo (AAYWR00) $8.28/mt

Gasoil 0.1%S FOB Med Cargo (AAVJI00) $7.42/mt

Jet Fuel:

Assessment Name 2025 netback/net-forward formula

Jet FOB Med Cargo(AAIDL00) 2025 WS rate for Augusta-Rotterdam, inclusive of Rotterdam port fees

Please send any questions or comments to Europe_products@spglobal.comwith a cc to pricegroup@spglobal.com.