Platts European fuel oil barge Market on Close incrementability changes

Platts, part of S&P Global Energy, is changing the incrementability guidelines to allow bids and offers for European fuel oil barges to improve by up to $2/mt every 20 seconds, effective immediately, March 6, 2026.

This compares to the typical $1/mt every 20 seconds.

This temporary change for European light ends reflects current volatility in the market due to vessel transit issues via the Strait of Hormuz.

The standard timing and increments for the Platts Market on Close assessment process for oil can be found here: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology

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

These changes apply to the Platts Fuel oil 0.1%, 0.5%, 1%, 3.5% and 0.1 DMA barge assessments.

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