Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

SUBSCRIBER NOTE: Platts clarifies Cash BFOE methodology settlement language

S&P Global Platts has clarified the language in its methodology and specification guide in order to better reflect the terms of physical and financial settlement of the Cash BFOE contract.

The guide now reads as follows:

"Bids and offers for Cash BFOE published during the Platts MOC reflect transactions of 100,000 barrel partials. If a single buyer and a single seller transact six partials of 100,000 barrels with each other, the transactions may converge into one physical Cash BFOE cargo of 600,000 barrels. If any position between two counterparties amounts to less than 600,000 barrels after all convergences have been settled, the position is understood to be financially settled, unless both counterparties mutually agree to deliver/take delivery of a smaller cargo. Partial contracts are financially settled using the Platts assessment published on the final working day of the calendar month for the relevant contract month -- the M1 assessment."

This change to the language in the methodology and specification guide does not reflect a change in Platts methodology or process.

The Methodology and Specification Guide is available here: https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/emea-crude-methodology.pdf

Please send all feedback and comments to europe_crude@spglobal.com and 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.