Platts European Clean Refined Market on Close incrementability changes April 17

Platts, part of S&P Global Energy, has updated the incrementability guidelines to allow bids and offers in the April 17, 2026, European Clean Refined Products (physical and derivatives) Platts Market on Close assessment process to fluctuate by up to $2/metric ton every 20 seconds.

This is in contrast to the typical $1/mt every 20 seconds and applies only to the April 17 MOC.

Within middle distillates, these changes apply to Platts CIF Northwest Europe ULSD cargoes, Platts CIF Mediterranean 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 50 ppm gasoil barges and all related Platts European middle distillates derivatives assessments.

Within light ends, these changes apply to Platts FOB Med gasoline cargoes, Platts NWE gasoline barges and cargoes, Platts CIF NWE naphtha cargoes and all related Platts European gasoline and naphtha derivatives assessments.

Platts is also adjusting the incrementability guidelines for the April 17, 2026, LPG coasters, barges and cargoes MOC to increase and decrease by up to $2/mt every 60 seconds, compared with the usual $1/mt every 60 seconds. This change applies only to the April 17 MOC.

This is a temporary change due to high market volatility arising from the situation in the Strait of Hormuz.

The standard timing and increments for the oil MOC can be found here.

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

Please send all feedback, comments and questions to PL_Middisteurope@spglobal.com and PL_LightendsEurope@spglobal.com.