SUBSCRIBER NOTE: Platts updates European fuel oil netbacks for 2019

The following changes will be made on Wednesday, January 2, across fuel oil price assessments by S&P Global Platts for the Europe and Africa region to reflect Worldscale freight rates for 2019.

Low sulfur fuel oil

Platts will update all its Worldscale annual flat rates for LSFO cargoes in Northwest Europe and the Mediterranean.

The flat rate used to calculate CIF NWE LSFO cargoes as a freight net-forward from FOB NWE LSFO cargoes will be $6.55/mt.

The flat rate used to calculate CIF Mediterranean LSFO cargoes as a freight net-forward from FOB NWE LSFO cargoes, in the absence of other daily bid/offer/trades information, will be $12.35/mt.

The flat rate used to calculate FOB Mediterranean LSFO cargoes as a freight netback from CIF Mediterranean LSFO cargoes will be $6.29/mt.

High sulfur fuel oil

Platts will update all its Worldscale annual flat rates for HSFO cargoes in Northwest Europe and the Mediterranean.

The flat rate used to calculate FOB NWE HSFO cargoes (basis Baltics) as a freight netback from CIF NWE HSFO cargoes (basis Rotterdam) becomes $8.73/mt.

The Rotterdam harbor dues used will be 88 cents/mt.

The flat rate used to calculate FOB Mediterranean HSFO cargoes as a freight netback from CIF Mediterranean HSFO cargoes becomes $6.21/mt.

Please send any comments and feedback to europe_products@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.