Platts to launch intraday values for STS Lome gasoline, diesel and jet price assessments

Platts, part of S&P Global Energy, will begin publishing intraday prices for the existing Gasoline STS Lome (ABNWG00), Low Sulphur Diesel STS Lome (ABNWF00) and Jet FOB STS Lome (AJWAA00) price assessments, effective July 13.

Platts has noted shifting pricing dynamics in the West African refined products market, and an increasing desire for transparency throughout the day to accommodate intraday market activity. Market feedback has highlighted the need for price assessments reflecting multiple daily timestamps, improving the ability to trigger the price of refined products at multiple points in the day.

Platts will publish three outright values of 50 ppm gasoline and diesel on an STS Lome basis, in line with the existing methodology for the gasoline and low-sulphur diesel STS Lome price assessments. Values would be published at 10:30 am, 12:30 pm and 2:30 pm London time.

These will accompany the existing Platts STS Lome price assessments reflecting the market value at 4:30 pm London, published in European Marketscan. The intraday assessments will appear on Platts Global Alert and Platts Refined Products Alert fixed page 1122.

The methodology for the STS Lome gasoline and diesel assessments can be found here: refined-products-europe-africa-specifications.pdf

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