Platts proposes to discontinue three US Atlantic Coast fuel oil assessments

S&P Global Platts proposes to discontinue the New York Harbor 1%S FOB cargo assessment, the 2.2%S Boston delivered cargo assessment and the RMG 380 FOB NYH cargo assessment, effective August 3, 2020.

The 1%S FOB assessment is typically assessed based on a discount to the delivered 1%S NYH CIF assessment, and observed trade for this grade is fuel is typically delivered. Platts is not proposing any change to the NYH 1%S CIF assessment.

The Boston 2.2%S delivered cargo assessment is typically based on a premium to the NYH 2.2%S assessment, and Platts observes little spot trade in Boston for this grade of fuel. Platts is also not proposing any change to the NYH 2.2%S CIF assessment.

The RMG 380 FOB NYH assessment is typically assessed at a premium to the NYH 3%S delivered assessment, and observed trade for this grade of fuel is typically delivered. The 3%S NYH CIF assessment also is not currently reflecting an RMG specification, though Platts is separately proposing to update the specifications for this assessment to reflect RMG 380, ISO 8217:2010 standard for petroleum products - Fuels (Class F) - Specifications of Marine Fuels, but with a maximum sulfur limit of 3.5%.

These assessments are published in US Marketscan, Oilgram Price Report and European Marketscan, and on pages 510, 152 and 511 of Platts Global Alert.

The codes for the assessments are:

AAWLG00: Fuel Oil No. 6 1%S NYH FOB Cargo

PUAWN00: Fuel Oil No. 6 2.2%S Boston Delivered Cargo

AAWLF00: Fuel Oil RMG 380 FOB NYH Cargo

Alongside this discontinuation Platts is opening a formal consultation of its suite of US Atlantic Coast assessments.

Please provide comments or feedback to americas_products@spglobal.com and pricegroup@spglobal.com by May 11, 2020.

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.