Platts clarifies decision to launch fuel oil 1% Med/North and 3.5% CIF/FOB derivative assessments

Platts, part of S&P Global Commodity Insights, would like to clarify the new assessments for 1% Fuel Oil Med/North and 3.5% CIF/FOB Med derivatives, with effect from May 1.

Platts will launch new assessments for the Balance Month (BalMo), and Months 1 through 2 derivative contracts, for:

1% FOB Med Cg/1% FOB NWE Cg

3.5% CIF Med Cg/3.5% FOB Med Cg

3.5% CIF Med Cg flat price

1% FOB Med Cg flat price

Balance month swaps are assessed from the 1st through the 20th of the month.

Platts already assesses the forward curve for 3.5% FOB Med Cg/3.5% FOB Rdam barge derivatives. The assessment codes can be found here.

The decision to launch the new assessments was first announced by Platts in a subscriber note published March 21, available here.

Please send any comments or feedback to Europe_Products@spglobal.com and pricegroup@spglobal.com.

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