Refined Products, Fuel Oil

December 29, 2023

Platts corrects Dec 21, Dec 22 1% fuel oil CIF NWE Cargo rationale

Please note that Platts has corrected the Dec. 21 and Dec. 22 1% CIF NWE Cargo assessment rationales. The rationales should read as follows:

The 1%S CIF NWE Cargo <PUAAL00> assessment rationale for Dec. 21 and Dec. 22 should read:

FO 1%S CIF NWE Cargo <PUAAL00> assessment rationale:

The CIF Northwest European low sulfur fuel oil cargo assessment was derived by a freight net forward to the FOB Northwest European low sulfur fuel oil cargo assessment using the following input: the FOB Northwest European low sulfur fuel oil cargo assessment plus the cost of transporting a 30,000 mt fuel oil cargo from a basket of NWE ports to the assessment basis port of Antwerp.

Exclusions: None

Platts is part of S&P Global Commodity Insights.

This rationale is published on fixed pages PGA and PRF 1580 and in the European Marketscan.