Price Assessment

Fujairah - Middle Distillates

  • Middle Distillate FOB Fujairah Cargo Assessments
  • How Gasoilne FOB Fujairah Cargo is Assessed?

Middle Distillate FOB Fujairah Cargo Assessments


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On October 3, 2016, S&P Global Commodity Insights launched a new FOB Fujairah gasoil assessment and monthly average FOB Fujairah gasoil assessment, as well as a daily gasoil Arab Gulf strip and a monthly average gasoil Arab Gulf strip.

Platts FOB Fujairah Gasoil assesses outright value for Gasoil cargoes on FOB Fujairah basis. The assessments by S&P Global Commodity Insights reflect the value of Gasoil, typically 200,000 to 300,000 barrels each, for loading 20-40 days forward from the date of publication.

On October 3, 2016, S&P Global Commodity Insights launched a new FOB Fujairah jet fuel/kerosene assessment and monthly average FOB Fujairah jet fuel/kerosene assessment, as well as a daily jet fuel/kerosene Arab Gulf strip and a monthly average gasoil Arab Gulf strip.

Gasoil is a middle distillate fuel used for many tasks in engines in cars, trucks, trains, agricultural equipment and boats. Jet fuel/ kerosene is a middle distillate fuel used as both an aviation fuel and also for many industries and homes around the world as a fuel for light, heat, and power.

FOB Fujairah jet fuel/kerosene assessment (outright): S&P Global Commodity Insights assesses the outright value for jet fuel/kerosene cargoes on FOB Fujairah basis. The assessment reflects the value of jet fuel/ kerosene cargoes, typically 200,000 to 300,000 barrels each, for loading 20-40 days forward from the date of publication.

For more details, please refer to our Asia Pacific and Middle East refined oil product methodology and specifications guide.

How Gasoilne FOB Fujairah Cargo is Assessed?

For jet fuel/kerosene the outright assessment equals the sum of Middle East jet fuel/kerosene spot differential (premium/discount) and MOPAG jet fuel/kerosene strip. The MOPAG strip is calculated using jet fuel/kerosene derivatives that settle on the Platts Middle East jet fuel/kerosene netback assessment. S&P Global Commodity Insights also publishes assessments for MOPAG jet fuel/kerosene derivatives for Balance Month, Month 1 and Month 2, as well as the MOPAG jet fuel/kerosene strip.

For gasoil the outright assessments equal the sum of the Middle East Gasoil spot differentials (premium/discount) and the MOPAG Gasoil strip. The MOPAG Gasoil strip is calculated using Gasoil derivatives that settle on the Platts Middle East Gasoil netback assessment. S&P Global Commodity Insights also publishes assessments for MOPAG Gasoil derivatives for Balance Month, Month 1 and Month 2, as well as the MOPAG Gasoil strip.

S&P Global Commodity Insights uses a Market-on-Close (MOC) assessment methodology which is a day-long process that ends at 12:30pm Fujairah time—the timestamp for Platts oil assessments in Asia and the Middle East.

Structured and highly transparent, the MOC is a process in which oil bids, offers and transactions are submitted by participants to S&P Global Commodity Insights editors and published in real time throughout the day until the market close. Following the close, our editors examine the data gathered through the day, conduct their analysis and develop price assessments that reflect an end-of-day value.

For more details, please refer to our Asia Pacific and Middle East refined oil product methodology and specifications guide.


Methodology and Specifications

Methodology and Specifications
Methodology and Specifications

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