Platts changes maximum incrementability for Middle East, Asia clean oil products Market on Close process

Effective immediately, Platts, part of S&P Global Energy, has changed the maximum price increments for outright, spread bids and offers in the Middle East Asia Oil Market on Close (MOC) process on eWindow to the following, until further notice.

Platts Naphtha Physical: Platts increases incrementability to $2/mt per 20 seconds

Platts Naphtha Derivative: Platts increases incrementability to $2/mt per 30 seconds

Platts Gasoline Physical: Platts increases incrementability to 20 cents/b per 20 seconds

Platts Gasoline Derivative: Platts increases incrementability to 20 cents/b per 20 seconds

Platts AG Gasoline Physical Derivative: Platts increases incrementability to 20 cents/b per 60 seconds

Platts Gasoil Physical: Platts increases incrementability to $1/b per 60 seconds

Platts Gasoil Derivative: Platts increases incrementability to 50 cents/b per 20 seconds

Platts Jet Fuel Physical: Platts increases incrementability to $1/b per 60 seconds

Platts Jet Fuel Derivative: Platts increases incrementability to 50 cents/b per 20 seconds

These are temporary changes due to the high volatility in the market arising from the Middle East war. Platts reserves the right to change incrementability guidelines in the MOC process throughout the day, depending on evolving market conditions.

The standard timing and increments for the APAC MOC process can be found here: https://www.spglobal.com/content/dam/spglobal/ci/en/documents/platts/en/our-methodology/methodology-specifications/crude-oil/oil-timing-increment-guidelines.pdf

Please send all feedback, comments and questions to asia_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.