Platts changes incrementability for Platts Cash BFOE Market on Close March 12

Platts, part of S&P Global Energy, is changing the incrementability guidelines to allow bids and offers for Cash BFOE to improve by up to 6 cents/barrel per change, effective immediately for the March 12, 2026, Market on Close (MOC) assessment process.

This compares to the typical 3 cents/barrel per change.

This temporary change 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 Cash BFOE assessments.

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