Platts revises 2025 update to European gasoil, jet, ULSD netback and net-forward assessment formulae

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

This subscriber note revises an earlier subscriber note, published Dec. 20 and available at: https://www.spglobal.com/commodity-insights/en/pricing-benchmarks/our-methodology/subscriber-notes/122024-methodology-platts-to-update-2025-european-jet-usld-and-gasoil-netback-and-net-forward-assessment-formulae-effective-jan-2-2025

The following formulae will apply from Jan. 2:

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) $1.26/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.com with a cc to pricegroup@spglobal.com.