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SUBSCRIBER NOTE: S&P Global Platts opens consultation on FOB & CIF Med 0.1% gasoil load locations

S&P Global Platts is opening a formal consultation regarding a possible update to the typical load locations reflected in its FOB & CIF Mediterranean 0.1% gasoil cargoes assessments.

Specifically, Platts is consulting on the typical load locations of cargoes of 0.1% gasoil supplied into the Mediterranean. Currently a basket of typical loadports is used to derive the freight netback used to calculate the FOB Mediterranean 0.1% gasoil cargo assessment.

In addition, the reference freight basket may be used to normalize indications received in the 0.1% CIF Med gasoil cargo Market on Close process back to the reference port of Genoa. Currently the assessment uses a basket of Novorossiisk, Batumi and Malta.

Platts welcomes feedback from market participants regarding prevalent trade flows of 0.1% gasoil in the Mediterranean to ensure it continues to reflect representative flows in the region.

Throughout this consultation, Platts also seeks feedback on the timing of this potential methodology change.

Please send any comments or queries by October 1 2019 to europe_products@spglobal.com with a cc to 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.