Platts European Middle Distillates Market on Close incrementability changes

Effective immediately, March 5, 2026, Platts, part of S&P Global Energy, is changing the incrementability guidelines to allow bids and offers for European Middle Distillates (physical and derivatives) to improve by up to $2/mt every 20 seconds, until further notice.

This is as opposed to the current $1/mt every 20 seconds

The temporary change for European Middle Distillates reflects current volatility in the market due to vessel transit issues via the Strait of Hormuz.

The standard timing and increments for the Oil MOC process can be found here

Platts reserves the right to change incrementability guidelines in the MOC process throughout the day, depending on evolving market conditions.

These changes apply to the Platts CIF NWE ULSD cargoes, Platts CIF Med ULSD cargoes, Platts FOB ARA ULSD cargoes, Platts CIF NWE jet fuel cargoes, Platts FOB FARAG jet fuel barges, Platts FOB ARA ULSD barges, Platts FOB ARA 0.1% gasoil barges, Platts FOB ARA 50ppm gasoil barges and all related Platts European middle distillates derivatives assessments.

Please send all feedback, comments and questions to PL_MiddistEurope@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.