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Us 20221109
Us 20221109
US Marketscan
Volume 48 / Issue 216 / November 9, 2022
Atlantic Coast
Code Mid Change Code Code Mid Change Code Code Mid Change
New York Harbor (PGA page 152)
Delivered cargo (¢/gal) RVP FOB barge RVP Differential to NYMEX
Unleaded 87 AAMHG00 300.66–300.76 300.710 -12.210 AAMHGRV 13.5
CBOB AAWBL00 282.81–282.91 282.860 -10.710 AAWBLRV 15.0 AANYX14 28.400 -1.500
Prem CBOB AAWLC00 350.31–350.41 350.360 -10.710 AAWLCRV 15.0 AANYX16 95.900 -1.500
Unleaded RBOB AAVKS00 274.31–274.41 274.360 -11.210 AAVKSRV 15.0 AAMGV00 282.81–282.91 282.860 -10.710 AAMGVRV 15.0 AANYX15 28.400 -1.500
Premium RBOB AAMGY00 350.31–350.41 350.360 -10.710 AAMGYRV 15.0 AANYX17 95.900 -1.500
ULS Kero AAVTI00 578.58–578.68 578.630 -8.440 ADJKH00 213.000 +3.000
Low sulfur jet PJABJ00 376.73–376.83 376.780 -11.690 ADIHA00 11.150 -0.250
Jet PJAAW00 390.33–390.43 390.380 -11.690 ADIGA00 24.750 -0.250
ULSD AATGX00 485.83–485.93 485.880 +34.810 ADIZA00 120.250 +46.250
No. 2 POAEG00 293.33–293.43 293.380 -11.440 ADIAO00 -72.250 0.000
ULS Heating Oil AAXPX00 439.630 -11.440 ADIAQ00 74.000 0.000
Delivered cargo ($/barrel) diff vs 1% strip
No. 6 1%
USAC HSFO
PUAAO00 84.50–84.52 84.510
PUAAX00 65.95–65.97 65.960
-1.990
-1.630
AAUGD00 2.580
AAUGF00 -15.970
Market Commentary
No. 6 1% strip AAUGG00 81.92–81.94 81.930 -1.990
No.6 1% BalMo (Nov)
Settle-based Swaps
AFOAB00 82.150 -1.950
Platts US Gasoline Daily Market Analysis
No.6 1% M1 (Dec) AFOAM01 80.150 -1.950
No.6 1% M2 (Jan) AFOAM02 79.450 -1.950 Gulf Coast pipeline CBOB declines 2 cents/gal
Cargo ex-duty* (¢/gal) duty+RINS** Atlantic Coast inventories fall to 10-year low
Unl-87 AASAA00 277.50–277.60 277.550 -12.330 AASAH00 23.160
Unl RBOB AASAF00 251.19–251.29 251.240 -11.330 AASAM00 23.120
120k barrel fuel oil barge rate ($/barrel) The Los Angeles CARBOB differential spiked 17 cents
NYH-Boston AASTV00 2.300
Nov. 9, the day after a fire at Chevron’s 269,000 b/d El
NYH-Philadelphia AASTX00 2.200
NYH-Baltimore AASTW00 1.950 Segundo refinery.
*These assessments reflect gasoline cargoes sold on a delivered, ex-duty basis New York, excluding import duty, import taxes/fees, and Renewable Platts assessed November LA CARBOB at NYMEX
Identification Number (RINS) credits. **These assessments reflect import duty, import fees, and the value of RINS credits for a gasoline cargo sold into New December RBOB plus 107 cents/gal.
York Harbor. The RINs value is derived from Platts assessments of current RINs.
The fire at Chevron’s El Segundo refinery the
CPL Linden* (PGA page 410)
(¢/gal) Differential to NYMEX RVP Cycle
evening of Nov. 8 was isolated and the fire was
Unleaded 87 ACXPW00 300.710
-12.210 AANYX40 46.250 -3.000 ACRQWRV 13.5 ACRQWCY 60 extinguished at approximately 8:35 PM PT, company
CBOB ABXPW00 281.210
-12.210 AANYX41 26.750 -3.000 ABRQWRV 14.5 ABRQWCY 60 spokesperson Tyler Kruzich said on Nov. 9.
RBOB ADXPW00 283.460
-12.210 AANYX42 29.000 -3.000 ADRQWRV 13.5 ADRQWCY 60
Jet kero 54 AAXPV00 390.380
-11.690 ADIJA00 24.750 -0.250 AAXPVCY 60 “The isolated fire did not occur at any of the
ULS Heating Oil AAXPU00 425.880
-11.440 ADIAR00 60.250 0.000 AAXPUCY 60 refinery’s major processes units and does not impact
ULSD AAXPW00 445.630
-11.440 ADLAA00 80.000 0.000 AAXPWCY 60
the refinery’s ability to supply petroleum products to
*Assessments reflect shipments on the next full pipeline cycle after the prompt cycle.
its customers in the region,” Kruzich said in an email.
Further north, San Francisco CARBOB remained
unchanged at December futures plus 85 cents/gal.
www.spglobal.com/commodityinsights
US Marketscan November 9, 2022
4, US Energy Information Administration data showed CBOB Prem AAPSZ00 350.31–350.41 350.360 -10.710 AANYX34 95.900 -1.500 AAPSZRV 15.0
Unleaded RBOB AAMHB00 282.81–282.91 282.860 -10.710 AANYX35 28.400 -1.500 AAMHBRV 15.0
Nov 9. This is the highest inventory level in the last 12 Premium RBOB AAMHZ00 350.31–350.41 350.360 -10.710 AANYX36 95.900 -1.500 AAMHZRV 15.0
weeks since stocks were at 27.683 million barrels in the Jet fuel AAJNL00 390.33–390.43 390.380 -11.690 ADIEA00 24.750 -0.250
Low sulfur jet/kerosene AAJNN00 376.73–376.83 376.780 -11.690 ADIFA00 11.150 -0.250
week ended Aug. 19. ULSD AATHF00 453.08–453.18 453.130 -44.190 ADIYA00 87.500
-32.750
Regional gasoline imports climbed to 99,000 b/d Laurel Pipeline (PGA page 154)
from 1,000 b/d the previous week. (¢/gal) RVP
Atlantic Coast gasoline differentials fell as much as CBOB AAUAS00 282.81–282.91 282.860 -10.710 AANYX29 28.400 -1.500 AAUASRV 15.0
Premium CBOB AAUAT00 350.31–350.41 350.360 -10.710 AANYX30 95.900 -1.500 AAUATRV 15.0
3 cents Nov. 9, even as regional inventories drew down
to 10-year lows.
An inventory forecast by the EIA on Nov. 8 likely
supported prices as the agency said that US total
gasoline inventories were expected to return within the
five-year average by January 2023.
New York Harbor barge and Buckeye Pipeline 15 RVP unleaded 87 (M4) fell 75 points to futures minus 10.25 cents/gal.
RBOB and CBOB differentials fell 1.50 cents to NYMEX 3.50 cents/gal. Regional gasoline stocks rose 108,000 barrels to
December RBOB plus 28.40 cents/gal. RBOB maintained its 25-point premium over CBOB. 44.924 million barrels the week ended Nov. 4, according
Colonial Pipeline Cycle 60 RBOB, CBOB, and Total gasoline stocks in the Gulf Coast fell to EIA data.
conventional unleaded 87 differentials shed 3 cents to 1.32 million barrels to 77.62 million barrels in the week In Tulsa, suboctane and premium unleaded 91 both
futures plus 29 cents/gal, futures plus 26.75 cents/gal, ended Nov. 4, according to EIA data. fell 75 points to NYMEX December RBOB minus 2
and futures plus 46.25 cents/gal, respectively. Gulf Coast gasoline production rose 90,000 b/d to cents/gal and plus 29.25 cents/gal, respectively.
US East Coast gasoline stocks drew by nearly 2.25 million b/d, down 68,000 b/d from a year ago and Platts is part of S&P Global Commodity Insights.
1.1 million barrels to 49.1 million barrels the week ended 6% below the five-year average.
Nov. 4, the EIA data showed. Refinery utilization in the region rose 1.3 percentage Platts US Midwest Gasoline Assessment
In the Central Atlantic region, inventories drew by points to 92.6%, which was 5% above the five-year Rationales & Exclusions: Chicago CBOB, Group 3
1.4 million barrels to 22.2 million barrels – also a 10- average and 4.2% above year-ago levels. Sub Octane
year low. US demand for finished gasoline rose 351,000 b/d Gasoline Chicago CBOB Pipe <AAREL00>
East Coast overall inventories were last lower in to 9 million b/d, a five-week high, EIA data showed. assessment rationale: Platts assessed 15 RVP C2
the week ended Dec. 14, 2012, while Central Atlantic In the Midwest, Chicago CBOB differentials fell Chicago pipeline CBOB on Nov. 9 based on a flat
inventories were last lower the week ended Oct. 5 in 5.50 cents/gal Nov. 9 as weekly inventory data showed regrade to West Shore pipeline RBOB, which was heard
the same year. an increase in gasoline stocks. offered at NYMEX December RBOB minus 10 cents/gal.
US Gulf Coast gasoline differentials weakened Platts assessed Generic Pipeline at NYMEX There were no positions in the Platts Market on Close
for the third consecutive trading day even as weekly December RBOB minus 10.25 cents/gal and Wolverine assessment process.
inventory data showed regional stocks fell 1.32 million Pipeline CBOB fell 5.25 cents/gal at NYMEX December Gasoline Unl Sub Octane Group 3 Pipeline
barrels. RBOB minus 10 cents/gal. <AAXIX00> assessment rationale: Platts assessed 13.5
Platts assessed pipeline CBOB (A4) down 2 cents Buckeye complex CBOB remained 25 points RVP Group 3 suboctane on Nov. 9 based on a trade
to NYMEX December RBOB minus 23 cents/gal while under Wolverine Pipeline at December futures minus heard at NYMEX December RBOB minus 2 cent/ga.
Gulf Coast
Code Mid Change Code Mid Change Code Code Code Mid
Change Code
Houston (PGA page 156)
Prompt Pipeline Differential to NYMEX Cycle RVP Waterborne (¢/gal) RVP
Unleaded 87 PGACT00 250.91–251.01 250.960 -9.960 AANY105 -3.500 -0.750 PGACTCY 64 PGACTRV 13.5 PGACU00 262.91–263.01 262.960 -9.960 PGACURV 13.5
Unleaded 89 PGAAY00 264.21–264.31 264.260 -9.960 PGAAYCY 64 PGAAYRV 13.5 PGAAZ00 276.21–276.31 276.260 -9.960 PGAAZRV 13.5
Unleaded 93 PGAJB00 284.16–284.26 284.210 -9.960 AANYX76 29.750 -0.750 PGAJBCY 64 PGAJBRV 13.5 PGAIX00 296.16–296.26 296.210 -9.960 PGAIXRV 13.5
CBOB 87 AARQU00 231.41–231.51 231.460 -11.210 AANYX77 -23.000 -2.000 AARQUCY 64 AARQURV 14.5 AAWES00 239.66–239.76 239.710 -11.460 AAWESRV 14.5
CBOB 93 AARQV00 273.91–274.01 273.960 -11.210 AANYX78 19.500 -2.000 AARQVCY 64 AARQVRV 14.5 AGWBB00 282.210 -11.460 AGWBBRV 14.5
RBOB 83.7 AAMFB00 231.66–231.76 231.710 -11.210 AANYX79 -22.750 -2.000 AAMFBCY 64 AAMFBRV 13.5
RBOB 91.4 AAMNG00 273.91–274.01 273.960 -11.210 AANYX80 19.500 -2.000 AAMNGCY 64 AAMNGRV 13.5
Jet 54 PJABO00 317.83–317.93 317.880 -14.440 ADIAS00 -47.750 -3.000 PJABOCY 64 PJABM00 321.08–321.18 321.130 -14.440
Jet 55 PJABP00 318.83–318.93 318.880 -14.440 ADIAZ00 -46.750 -3.000 PJABPCY 64 PJABN00 322.08–322.18 322.130 -14.440
ULS Kero AAVTL00 328.83–328.93 328.880 -14.440 ADICA00 -36.750 -3.000 AAVTLCY 64 AAVTK00 332.08–332.18 332.130 -14.440
Ultra low sulfur diesel AATGY00 345.33–345.43 345.380 -18.340 ADIQA00 -20.250 -6.900 AATGYCY 64 AATGZ00 353.08–353.18 353.130 -18.340
No. 2 POAED00 319.08–319.18 319.130 -18.440 ADIAA00 -46.500 -7.000 POAEDCY 64 POAEE00 320.08–320.18 320.130 -18.440
ULS Heating Oil AAXFD00 325.73–325.83 325.780 -18.440 ADIAI00 -39.850 -7.000 AAXFDCY 64
Settle-based Swaps
USGC HSFO swap BalMo(Nov) AWATB00 62.050 -1.600
USGC HSFO swap M1(Dec) AWATM01 61.550 -1.800
USGC HSFO swap M2(Jan) AWATM02 61.400 -1.850
There were no positions in the Platts Market on Close Gulf Coast (continued)
assessment process.
(PGA page 330)
Code Mid Change Code Mid Change
Platts is part of S&P Global Commodity Insights. USGC RVP Adjustments (¢/gal)
Exclusions: No market data was excluded from the CBOB -1 psi AGLOB00 5.000 0.000
Prem CBOB -1 psi AGLOC00 5.000 0.000
Nov. 9 assessment process. CBOB +1 psi AGLOA00 -0.500 0.000
Prem CBOB +1 psi AGHOA00 -0.500 0.000
Platts US Midwest Gasoline Chicago CBOB East Texas (PGA page 330)
Bids, Offers, Trades FOB Houston (¢/gal) Differential to NYMEX RVP
CBOB AESTA00 241.460 -11.210 AESTC00 -13.000 -2.000 12.500
Prem CBOB AESTB00 283.960 -11.210 AESTD00 29.500 -2.000 12.500
Bids: No bids Note: Platts line space assessments reflect the physical trade of gasoline or distillates at two locations agreed upon by the parties along the Colonial Pipeline
Offers: No offers between Pasadena, Texas, and Linden, New Jersey. The assessments represent the premium or discount paid by a buyer while taking refined product off the
line at one location while giving product to the seller at another.
Trades: No trades
Houston extended pipeline cycle assessments (PGA page 156)
This assessment commentary applies to the
Pipeline Cycle RVP
following market data codes: Chicago CBOB Unleaded 87 Front Cycle 1 AAELC00 250.91–251.01 250.960 AAELCCY 64 AAELCRV 13.5
<AAREL00> Chicago Unleaded 87 <PGACR00> Unleaded 87 Front Cycle 2 AAELD00 250.41–250.51 250.460 AAELDCY 65 AAELDRV 13.5
Unleaded 87 Front Cycle 3 AAELE00 249.91–250.01 249.960 AAELECY 66 AAELERV 13.5
Unleaded 87 Front Cycle 4 AAELF00 248.91–249.01 248.960 AAELFCY 67 AAELFRV 13.5
Platts USGC Gasoline Unl 87, CBOB Assessment Unleaded 87 Front Cycle 5
Unleaded 87 Front Cycle 6
AAELG00 247.91–248.01 247.960
AAELH00 246.91–247.01 246.960
AAELGCY 68
AAELHCY 69
AAELGRV 13.5
AAELHRV 13.5
Rationales & Exclusions CBOB 87 Front Cycle 2 AARQW00 230.610 AARQWCY 65 AARQWRV 14.5
Gasoline Unl 87 USGC Prompt Pipeline <PGACT00> CBOB 87 Front Cycle 3 AARQX00 230.110 AARQXCY 66 AARQXRV 14.5
CBOB 87 Front Cycle 4 AARQY00 229.610 AARQYCY 67 AARQYRV 14.5
assessment rationale: Platts assessed pipeline- CBOB 87 Front Cycle 5 AARQZ00 229.110 AARQZCY 68 AARQZRV 14.5
delivered 13.5 RVP conventional unleaded gasoline CBOB 87 Front Cycle 6 AARQA00 228.610 AARQACY 69 AARQARV 14.5
Jet kerosene Front Cycle 1 AAELQ00 317.83–317.93 317.880 AAELQCY 64
(M4) Nov. 9 based on a standing offer at NYMEX Jet kerosene Front Cycle 2 AAELR00 316.58–316.68 316.630 AAELRCY 65
December RBOB at minus 3.25 cents/gal in the Platts Jet kerosene Front Cycle 3 AAELS00 315.33–315.43 315.380 AAELSCY 66
Jet kerosene Front Cycle 4 AAELT00 312.83–312.93 312.880 AAELTCY 67
Market on Close assessment process. Jet kerosene Front Cycle 5 AAELU00 310.33–310.43 310.380 AAELUCY 68
Gasoline CBOB 87 USGC Houston Prompt Pipeline Jet kerosene Front Cycle 6 AAELV00 307.83–307.93 307.880 AAELVCY 69
Ultra LS diesel Front Cycle 1 AAUJV00 345.33–345.43 345.380 AAUJVCY 64
<AARQU00> assessment rationale: Platts assessed Ultra LS diesel Front Cycle 2 AAUJW00 343.83–343.93 343.880 AAUJWCY 65
pipeline-delivered 14.5 RVP CBOB (A4) on Nov. 9 based Ultra LS diesel Front Cycle 3 AAUJX00 341.08–341.18 341.130 AAUJXCY 66
Ultra LS diesel Front Cycle 4 AAUJY00 338.33–338.43 338.380 AAUJYCY 67
on a standing offer at NYMEX December RBOB futures Ultra LS diesel Front Cycle 5 AAUJZ00 335.58–335.68 335.630 AAUJZCY 68
minus 22.75 cents/gal in the Platts Market on Close Ultra LS diesel Front Cycle 6 AAUKD00 332.83–332.93 332.880 AAUKDCY 69
No. 2 Front Cycle 1 AAELW00 319.08–319.18 319.130 AAELWCY 64
assessment process. ULS Heating Oil Front Cycle 1 AAXFJ00 325.73–325.83 325.780 AAXFJCY 64
Platts is part of S&P Global Commodity Insights. ULS Heating Oil Front Cycle 2 AAXFK00 324.23–324.33 324.280 AAXFKCY 65
ULS Heating Oil Front Cycle 3 AAXFL00 321.48–321.58 321.530 AAXFLCY 66
Exclusions: No data was excluded from the Nov. 9 ULS Heating Oil Front Cycle 4 AAXFM00 318.73–318.83 318.780 AAXFMCY 67
Market on Close assessment process. ULS Heating Oil Front Cycle 5 AAXFN00 315.98–316.08 316.030 AAXFNCY 68
ULS Heating Oil Front Cycle 6 AAXFP00 313.23–313.33 313.280 AAXFPCY 69
Please note: Front Cycle 1 was formerly described as prompt front; Front Cycle 2 was formerly described as prompt back; Front Cycle 3 was formerly
Platts US Atlantic Coast Gasoline RBOB Barge described as next front; Front Cycle 4 was formerly described as next back; Front Cycle 5 was formerly described as after front; Front Cycle 6 was formerly
Daily Rationale & Exclusions described as after back
Gasoline RBOB NY Barge <AAMGV00> assessment Forward pipeline strip (PGF page 156)
ULSD 15-30 Day AUSGI00 338.210
-14.380
rationale: Platts assessed 15 RVP New York Harbor ULSD 21-35 Day AUSGJ00 334.630
-12.970
RBOB barge Nov. 9 based on a trade heard in the ULSD 7-21 Day AUSGK00 343.350
-16.400
Jet Fuel 15-30 Day AUSGE00 315.750
-16.800
market at NYMEX December RBOB plus 30.50 cents/gal Jet Fuel 21-35 Day AUSGF00 311.290
-17.510
Jet Fuel 7-21 Day AUSGG00 322.640
-15.710
for Nov. 11-13 and backwardated structure. There were Canadian Condensate (PGA page 230)
no 15 RVP New York Harbor RBOB barge positions in the Code $/mt Change
Administration provided further context around weak ULSD CIF Lazaro Cardenas AATFE00 142.530
-5.680 AATFO00 17.570 -0.660
Jet CIF Eastern Mexico AATFG00 138.310
-6.630 AATFJ00 17.050 -0.780
jet fuel values on the West Coast on Nov. 9, with
Jet CIF Rosarito AATFC00 139.540
-2.710 AATFM00 17.200 -0.300
multiple categories suggesting an increase in product Jet CIF Lazaro Cardenas AATFF00 139.290
-3.460 AATFP00 17.170 -0.390
in the region during the first week of November.
The most recent reporting period saw the Platts Los
Angeles jet fuel benchmark slip further, weakening by
6.44 cents/gal on the day to $3.2563/gal. This decrease
was seen despite a rise in the differential, which was
up 5 cents/gal to NYMEX December ULSD futures
Brazil CFR Cargo (PGA page 164)
minus 40 cents/gal, in line with a reported trade. $/barrel Change R$/cu m* Change
This value was even lower than the average ULSD S10 Itaqui BUITA00 141.770
-6.090 BUITB00 4616.320 -190.680
ULSD S10 Suape BUSUA00 142.480
-6.090 BUSUB00 4639.440 -190.640
seen in the first week of November, which totaled
ULSD S10 Aratu BUARA00 142.990
-6.100 BUARB00 4656.050 -190.940
$3.27954/gal. Data from the EIA released Nov. 9 ULSD S10 Santos BUSAA00 143.740
-6.100 BUSAB00 4680.470 -190.900
supported these weaker values, with the agency ULSD S10 Paranagua BUPAA00 143.980
-6.090 BUPAB00 4688.290 -190.560
estimating healthy volumes in the region. Jet Itaqui AJAAB00 138.920
-7.050 AJABB00 4523.520 -222.040
Regional stocks saw the greatest weekly change Jet Suape AJAAE00 139.580
-7.060 AJABE00 4545.010 -222.330
Jet Aratu AJAAA00 140.070
-7.060 AJABA00 4560.970 -222.300
in the first week of November, rising 850,000 barrels
Jet Santos AJAAD00 140.780
-7.050 AJABD00 4584.090 -221.940
to 9.192 million barrels, supported by an uptick in Jet Paranagua AJAAC00 141.000
-7.050 AJABC00 4591.250 -221.930
production to 436,000 b/d and a doubling of imported Gasoline Itaqui BGITA00 95.660
-3.870 BGITB00 3114.990 -120.820
volumes. Gasoline Suape BGSUA00 96.370
-3.870 BGSUB00 3138.110 -120.790
Elsewhere in the Nov. 9 spot market, a trade was Gasoline Aratu BGARA00 96.880
-3.880 BGARB00 3154.720 -121.080
Gasoline Santos BGSAA00 97.630
-3.880 BGSAB00 3179.140 -121.050
seen in the Platts Market on Close assessment process
Gasoline Paranagua BGPAA00 97.870
-3.870 BGPAB00 3186.950 -120.710
for jet fuel on Buckeye Pipeline, with Gunvor selling
$/mt Change R$/kg Change
25,000 barrels to World Fuels at a 24.75-cent/gal
Propane Suape BLSUA00 576.460
-11.070 BLSUB00 2.980 -0.060
premium to the futures contract. Propane Santos BLSAA00 603.860
-11.040 BLSAB00 3.130 -0.050
This marked a 25-point decline from the prior day’s *Brazilian real per cubic meter.
assessment.
assessment process. 0.5% Dlvd US Atlantic Coast barge AUAMB00 652.500 -19.000
0.5% FOB Mediterranean cargo MFFMM00 634.250 -23.750
Platts is a part of S&P Global Commodity Insights.
0.5% CIF Mediterranean cargo MFCMM00 657.250 -23.750
Exclusions: There were no exclusions in the Nov. 9 $/barrel Change
assessment process. 0.5% FOB US Gulf Coast barge AUGMA00 96.260 -2.990
0.5% Dlvd US Atlantic Coast barge AUAMA00 102.760 -2.990
Platts USAC Jet Barge, Pipe and Gasoil No.2
Daily Rationales and Exclusions Marine Fuel 0.5% Derivatives, Nov 9
Jet Kero New York Harbor Barge <PJAAW00> Balance* Change Month 1 Change Month 2 Change
Nov Dec Jan
assessment rationale: Platts assessed New York jet $/mt $/mt $/mt
fuel barges Nov. 9 flat to Buckeye Pipeline, which was 0.5% FOB Singapore cargo FOFS000 659.750 -12.750 FOFS001 651.500 -14.000 FOFS002 640.750 -14.200
based on a trade at NYMEX December ULSD futures 0.5% FOB Fujairah cargo FOFF000 644.250 -5.750 FOFF001 636.000 -7.000 FOFF002 625.250 -7.200
0.5% FOB Rotterdam barge AMRAB00 596.500 -21.250 AMRAM01 591.000 -21.250 AMRAM02 583.000 -20.750
plus 24.75 cents/gal in the Platts Market on Close 0.5% vs. 3.5% FOB Rotterdam barge AMRBB00 208.250 -6.250 AMRBM01 199.750 -7.500 AMRBM02 189.250 -6.750
assessment process. $/barrel $/barrel $/barrel
Jet Kero New Jersey Buckeye Pipeline <AAJNL00> 0.5% FOB US Gulf Coast barge AMARB00 96.550 -2.950 AMARM01 94.150 -2.950 AMARM02 92.600 -2.950
0.5% vs US Gulf Coast HSFO barge AUSBB00 34.500 -1.350 AUSBM01 32.600 -1.150 AUSBM02 31.200 -1.100
assessment rationale: Platts assessed New York jet
*Balance month swaps are assessed from the 1st through the 20th of the month; Asia swaps are assessed through the 14th of February.
Weekly DOE Statistics Carbon credits (PGA page 496) Jet Index (PGA page 115)
11/4/22 10/28/22 Change Change Index ¢/gal
Crude Input 16.089 15.842 247.000 Platts CEC North America PJNAM00 377.33 PJNAM07 337.94
Pct Op 92.1% 90.6% 1.5 $/mtCO2e PCECA00 3.300 0.000 Latin America PJLAC00 385.88 PJLAC07 331.66
Mogas Prod 9.754 9.480 274.000 Global PJGLO00 374.90 PJGLO07 326.53
Jet Fuel Carbon Offset Premiums
Distillate Prod 5.204 5.117 87.000 $/b AJFCA00 15.876 0.000
Residual Prod 0.229 0.198 31.000
Crude Stocks 440.755 436.830 3.925 European Products
Cushing Stocks 27.241 28.164 -0.923
Code Mid Change Code Mid Change
Mogas Stocks 205.733 206.633 -0.900
Mediterranean cargoes (PGA page 1114)
Distillate Stocks 106.263 106.784 -0.521 FOB Med (Italy) ($/mt) CIF Med (Genova/Lavera)
Residual Stocks 30.308 30.308 0.000 Naphtha* PAAAI00 629.25–629.75 629.500 -19.250 PAAAH00 656.00–656.50 656.250 -15.250
Crude Imports 6.454 6.205 249.000 Prem Unl 10ppm AAWZA00 963.25–963.75 963.500 -29.000 AAWZB00 983.25–983.75 983.500 -26.000
Product Imports 2.133 1.883 250.000 Jet aviation fuel AAIDL00 1068.00–1068.50 1068.250 -35.250
Stocks in million barrels, others million b/d Gasoil 0.1% AAVJI00 965.25–965.75 965.500 -42.750 AAVJJ00 997.25–997.75 997.500 -44.250
1% PUAAK00 521.00–521.50 521.250 -25.750 PUAAJ00 547.25–547.75 547.500 -25.750
3.5% PUAAZ00 381.25–381.75 381.500 -16.500 PUAAY00 407.00–407.50 407.250 -16.500
*Naphtha FOB Med is basis East Med
Northwest Europe cargoes (PGA page 1110)
FOB NWE ($/mt) CIF basis ARA
Naphtha swap PAAAJ00 663.25–663.75 663.500 -13.500
Naphtha Phy PAAAL00 674.25–674.75 674.500 -12.500
Gasoline 10ppm AAXFQ00 975.00–975.50 975.250 -38.750
Jet PJAAV00 1085.50–1086.00 1085.750 -29.750 PJAAU00 1104.75–1105.25 1105.000 -30.250
Renewable fuels (PGA pages 1414, 483 and 2414) Ultra low sulfur diesel 10ppm AAWZD00 1060.25–1060.75 1060.500 -48.250 AAWZC00 1098.25–1098.75 1098.500 -44.500
Change Diesel 10ppm NWE AAVBF00 1055.00–1055.50 1055.250 -49.000 AAVBG00 1091.50–1092.00 1091.750 -45.250
Diesel 10 ppm UK AAVBH00 1102.75–1103.25 1103.000 -45.250
Northwest Europe ($/mt)
Diesel 10 ppm UK cargoes CIF NWE AUKDA00 1103.500 -44.250
SAF BJNWA00 2044.119 -5.661 - original (French) spec
HVO HVNWA00 1869.486 -5.594 Gasoil 0.1% AAYWR00 949.00–949.50 949.250 -43.000 AAYWS00 979.50–980.00 979.750 -43.750
USWC ($/mt) 1% PUAAM00 501.75–502.25 502.000 -25.750 PUAAL00 526.75–527.25 527.000 -25.750
SAF w/ credits ASAFA00 2579.702 -14.794 3.5% PUABB00 353.75–354.25 354.000 -15.000 PUABA00 386.00–386.50 386.250 -15.000
SAF w/o credits ASAFB00 1068.600 -34.799 0.5-0.7% straight run PKABA00 593.00–594.00 593.500 -23.000
RD w/ credits ARDFA00 2451.736 -10.445 Low sulfur VGO AAHMX00 710.75–711.75 711.250 -22.500 AAHMZ00 744.00–745.00 744.500 -22.250
RD w/o credits ARDFB00 836.669 -35.181 High sulfur VGO AAHNB00 688.00–689.00 688.500 -22.500 AAHND00 721.25–722.25 721.750 -22.250
USWC ($/b) Northwest Europe barges (PGA page 1112)
SAF w/ credits ASAFE00 318.669 -1.828 FOB Rotterdam ($/mt)
SAF w/o credits ASAFF00 132.003 -4.299
Naphtha Phy PAAAM00 670.25–670.75 670.500 -12.500
Eurobob Gasoline AAQZV00 872.25–872.75 872.500 -38.750
RD w/ credits ARDFE00 303.755 -1.294
E10 Eurobob AGEFA00 892.500 -58.750
RD w/o credits ARDFF00 103.658 -4.359
Unleaded 98 AAKOD00 1095.25–1095.75 1095.500 -38.750
USWC (¢/gal) Premium Unleaded PGABM00 912.25–912.75 912.500 -58.250
SAF w/ credits ASAFI00 758.736 -4.351 Reformate AAXPM00 1072.500 -38.750
SAF w/o credits ASAFJ00 314.294 -10.235 MTBE** PHALA00 1072.00–1072.50 1072.250 -26.000
RD w/ credits ARDFI00 723.226 -3.081 Jet PJABA00 1088.25–1088.75 1088.500 -44.500
RD w/o credits ARDFJ00 246.805 -10.378 Gasoil 0.1%** AAYWT00 975.50–976.00 975.750 -42.750
Southeast Asia ($/mt) 10 ppm** AAJUS00 1022.50–1023.00 1022.750 -43.500
1% PUAAP00 499.25–499.75 499.500 -25.750
SAF (PFAD) ASFAA00 1554.480 -1.600
3.5% PUABC00 390.50–391.00 390.750 -15.000
HVO (PFAD) HVSAB00 1434.110 -1.820
Fuel Oil 3.5% 500 CST PUAGN00 383.50–384.00 383.750 -15.000
North Asia ($/mt) Low sulfur VGO AAHNF00 703.25–704.25 703.750 -22.500
SAF (UCO) ASFAC00 1947.830 +21.560 High sulfur VGO AAHNI00 680.50–681.50 681.000 -22.250
HVO (UCO) HVNAA00 1788.650 +16.440 R’dam Bunker 380 CST PUAYW00 407.50–408.50 408.000 -26.000
**FOB Amsterdam-Rotterdam-Antwerp
were up 1.055 million barrels to 11.457 million barrels. European Products (continued)
Code Mid Change
The energy statistics agency also reported that
Euro denominated assessments at London MOC Close (PGA page 1116, 1118, 1350 & 1450)
East Coast stocks were down 110,000 barrels at CIF NWE cargoes (€/mt)
22.848 million after a 1.154 million barrel build in the Nap Phy AAQCE00 671.10–671.59 671.345 -10.406
Jet AAQCF00 1099.58–1100.08 1099.831 -26.744
Central Atlantic was offset by a larger 1.218 million FOB NWE cargoes
barrel draw in the Lower Atlantic and a 45,000 barrel 1% AAQCG00 499.40–499.90 499.652 -24.065
draw in New England. FOB Rotterdam barge
Prem Unl AAQCH00 907.98–908.48 908.231 -55.101
ULSD priced off Colonial Pipeline in Linden, New Reformate AAXPN00 1067.483 -35.276
Jersey, was assessed unchanged Nov. 9 at December 10 ppm* AAQCI00 1017.72–1018.21 1017.966 -40.137
Gasoil 0.1%* AAYWY00 970.94–971.43 971.185 -39.532
futures plus 80 cents/gal, while ULSD priced on 3.5% AAQCK00 388.67–389.17 388.922 -13.728
barges at New York Harbor jumped 46.25 cents to plus Fuel Oil 3.5% 500 CST PUAGO00 381.71–382.20 381.955 -13.748
120.25 cents/gal. The Buckeye Pipeline differential, *FOB Amsterdam-Rotterdam-Antwerp
meanwhile, gave back most of its gains from the prior
day, falling 32.75 cents to December futures plus
87.50 cents/gal after a trade was heard at that level.
On the Gulf Coast, Platts assessed the diesel
differential 6.90 cents weaker at December futures Futures Settlements - 09Nov22
minus 20.25 cents/gal based on trades and a standing Settlement Change Low High Volume Open interest PNT***
offer at minus 20 cents/gal.
NYMEX Light Sweet crude ($/barrel) (PGA page 705)
The EIA reported that Gulf Coast diesel stocks were Dec 22 NMCL001 85.83 -3.08 85.50 89.24 343435 235956
down 545,000 barrels to 34.717 million barrels for the Jan 23 NMCL002 85.00 -3.00 84.69 88.26 165560 188487
week to Nov. 4. Feb 23 NMCL003 84.00 -2.95 83.73 87.21 89233 83071
Mar 23 NMCL004 83.02 -2.89 82.78 86.12 51359 95040
Inventories in the Midwest were also lower, sinking Total NMCL000 839985 XNCLP00 12531
299,000 barrels to 23.841 million barrels, the EIA ICE Brent ($/barrel) (PGA page 704)
data show. Jan 23 ICLL001 92.65 -2.71 92.33 95.65 351554 386387
Feb 23 ICLL002 91.21 -2.77 90.93 94.27 220247 323642
US Weekly Asphalt Racks Assessments Mar 23
Apr 23
ICLL003
ICLL004
89.91
88.74
-2.73
-2.67
89.64
88.50
92.94
91.67
154524
45277
191031
95384
US Asphalt Weekly Assessments ($/ton) (PGA page 580) Total ICLL000 978297 XILLP00 10785
Effective Date November 04 Asphalt Mid Change ICE WTI ($/barrel) (PGA page 704)
Arkansas PPARP00 695.00–705.00 700.00 +5.00
Dec 22 ICIC001 85.83 -3.08 85.51 89.06 49886 59951
Jan 23 ICIC002 85.00 -3.00 84.73 88.17 60559 58393
Colorado PPARU00 670.00–680.00 675.00 +5.00
Feb 23 ICIC003 84.00 -2.95 83.76 86.56 43042 29578
California PPARW00 725.00–735.00 730.00 +5.00
Mar 23 ICIC004 83.02 -2.89 83.01 85.51 28953 30452
Illinois PPARX00 685.00–695.00 690.00 +5.00
Total ICIC000 222218 XIICP00 6296
Georgia PPARQ00 760.00–770.00 765.00 +5.00
Minneapolis/St Paul PPARR00 675.00–685.00 680.00 +5.00 ICE BWAVE ($/barrel) (PGA page 704)
Ohio PPARY00 675.00–685.00 680.00 +5.00 Jan 23 XIBW001 97.05
Oklahoma AAUQO00 690.00–700.00 695.00 +5.00 Feb 23 XIBW002 95.58
Kansas PPARZ00 705.00–715.00 710.00 +5.00 DME Oman crude ($/barrel) (PGA page 2710)
Texas PPART00 675.00–685.00 680.00 +5.00 Jan 23 XDOA001 89.71 -2.60 3527
Louisiana PPALA00 685.00–695.00 690.00 +5.00 Jan 23 DMOQ001 87.61 -2.98 87.61 90.26 3550 7714
MidAtlantic AAWIC00 730.00–740.00 735.00 +5.00 Feb 23 DMOQ002 86.26 -2.87 86.26 91.64 1560 21
Tampa AAWID00 695.00–705.00 700.00 +5.00 Mar 23 DMOQ003 84.61 -2.82 84.61 84.61 1560 0
Apr 23 DMOQ004 83.46 -2.75 83.46 83.46 0 0
*Customer rack
Total Volume DMOQ000 7103 XDOQP00 0
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the Renewable Volume Obligation cost. No activity Five-Day Rolling Averages* *Five Days ending November 9
was observed during the Platts Market on Close
Naphtha $/mt ¢/gal Gasoil/Heating Oil $/barrel ¢/gal
assessment process. US Gulf DAP LSR Parcel 679.50 169.45 L.A. LS Diesel 144.99**145.03 345.21—345.31
Exclusions: No market data was excluded from the US Gulf FOB cargo 640.47 **640.57 169.40 —169.50 S.F. LS Diesel 159.98**160.03 380.91—381.01
Nov. 9 assessment process. Jet Kerosene $/MT ¢/gal $/mt ¢/gal
Platts is part of S&P Global Commodity Insights. US Gulf Water 1143.79**1144.12 344.51—344.61 NY Barge 981.43**981.74 311.56—311.66
US Gulf Pipe 1133.00**1133.33 341.26—341.36 US Gulf Water 1062.80**1063.11 345.06—345.16
NY Barge 167.25**167.29 398.21—398.31 US Gulf Pipe 1059.72**1060.03 344.06—344.16
Platts US Midwest ULSD pipeline Daily LA Pipeline 1061.36**1061.68 332.71—332.81 NYMEX NO. 2 1197.59 380.19
Rationales & Exclusions Group 3 1436.61**1436.94 432.71—432.81
Gasoline, US Market Unleaded Premium
Chicago 1536.21**1536.54 462.71—462.81
ULSD FOB Chicago Pipe <AATHA00> assessment NY Cargo 316.66—316.76
Low Sulfur Resid Fuel Oil $/barrel $/mt US Gulf Water 278.46—278.56 311.46—311.56
rationale: Platts assessed Chicago pipeline ULSD
NY Cargo 1% Max 87.19—87.21 566.71**566.84 US Gulf Pipe 266.46—266.56 299.46—299.56
unchanged Nov. 9 at NYMEX December ULSD plus US Gulf 1% 83.98—84.00 530.78**530.91 Group 3 301.26—301.36
42.50 cents/gal amid a lack of competitive indications. Hi Sulfur Resid Fuel Oil $/barrel $/mt
LA Pipeline 361.61—361.71
SF Pipeline 327.41—327.51 346.41—346.51
Activity in the Platts Market on Close assessment USAC HSFO 67.51—67.53 428.70**428.83
Chicago 363.31—363.41
process did not test this value. USGC HSFO 63.55—63.57 403.57**403.69
NYMEX Unl 268.31
ULSD Group 3 Pipeline <AATHB00> assessment Crude Oil, FOB Source $/barrel Conversions either side of asterisks
West Texas Int 89.45—89.47
rationale: Platts assessed Group 3 X-grade ULSD
NYMEX Crude 90.30
unchanged Nov. 9 at NYMEX December ULSD minus Mars 85.45—85.47
14 cents/gal amid a lack of competitive indications. WTI Posting Plus 4.74 —4.76
Activity in the Platts Market on Close assessment
process did not test this value. Platts US Renewable Volume Obligation – Calculated Values (PBF page 302)
¢/gal Change
Exclusions: No market data was excluded from the
Nov. 9 assessment process. RVO (Current Year) RVOR002 21.3489
+0.1330
RVOs are Renewable Volume Obligation values. RVO is the aggregate cost of the Renewable Identification Number percentages per gallon of transportation
Platts is part of S&P Global Commodity Insights. fuel for biomass based diesel, ethanol, advanced biofuel, and cellulosic ethanol as mandated by US Environmental Protection Agency in the Renewable Fuel
Standard Program (RFS2). Platts calculates these RVO values factoring the value of D6, D4, D5, D3 renewable fuel RIN credits as assessed by Platts for the
Platts Chicago Diesel Bids, Offers, Trades respective RVO years; RINs are assessed as cents/RIN.Current year RVO reflects the current calendar year
You may access the separate RINs factoring into the RVO calculation by acquiring a license to Platts Biofuelscan or Platts Biofuels Alert. For any related
questions, please contact support@platts.com
Bids: N/A
Offers: N/A
Trades: N/A No activity was seen during the Platts Market on Close Platts Americas Residual Fuel Daily Market
This assessment commentary applies to the assessment process. Analysis
following market data codes: Chicago ULSD ULSD USAC Linden Pipeline Prompt Cycle
<AATHA00> <AAXPW00> assessment rationale: Platts assessed US fuel oil prices down on day
Colonial Pipeline ULSD delivering off Line 3 Nov. 9 Bids for marine fuel 0.5% in MOC well-below market
Platts US Atlantic Coast ULSD Barge and based on a trade heard at NYMEX December ULSD value: sources
Pipeline Daily Rationales & Exclusions futures plus 80 cents/gal. No activity was seen during
ULSD New York Harbor Barge <AATGX00> the Platts Market on Close assessment process. US fuel oil prices fell again for the second consecutive
assessment rationale: Platts assessed New York Exclusions: No market data was excluded from the day Nov. 9 as both paper and physical trading was
Harbor barge ULSD Nov. 9 based on a bid heard for Nov. 9 assessment process. sparse, sources said.
Nov. 12-13 at NYMEX December ULSD plus 120 cents/gal. Platts is part of S&P Global Commodity Insights. The ICE front-month Brent futures contract was
based on movement in the underlying USGC marine US Wholesale Posted Prices (continued)
Unleaded Midgrade Premium Kerosene Diesel No.2 Low Sulfur Diesel ULSD
fuel 0.5%S swap market. There were no positions in
the Platts Market on Close assessment process. PADD 3
Exclusions: Platts did not exclude any market data Albuquerque 268.50-286.00 288.50-306.75 310.50-329.50 396.77-406.25
from the Nov. 9 MOC. Amarillo 265.77-267.75 283.75-287.77 304.75-319.77 389.00-389.00
Platts is part of S&P Global Commodity Insights. Baton Rouge 243.51-254.53 265.70-273.85 300.35-313.00 - 370.34-388.30
Birmingham 249.90-271.43 270.02-289.80 305.50-336.40 487.68-487.68 - 391.45-440.86
Platts is part of S&P Global Commodity Insights. at the Enterprise terminal in Mont Belvieu, Texas, US Gulf Coast light straight run naphtha vs natural
down 2.375 cents to 86.75 cents/gal, while propane at gasoline, with effect from Oct. 17, 2022, to bring it into
Platts US Atlantic Coast Fuel Oil No.6 Daily the Energy Transfer terminal fell 1.25 cents to line with a recently announced name change for its
Rationales & Exclusions 87.25 cents/gal. basis Mont Belvieu natural gasoline assessment.
FO No.6 1.0% New York Harbor Delivered Cargo Targa propane dropped 4.25 cents day on day to Platts announced it was renaming some of its Mont
<PUAAO00> assessment rationale: Platts assessed US $1.5825/gal. Belvieu NGL assessments with effect from June 1,
Atlantic Coast 1%S fuel oil Nov. 9 based on movement Nationwide propane stocks dropped 311,000 barrels 2022 to better reflect the names of the specific cavern
in the underlying USAC 1%S swap market. There were to 87.74 million barrels, down from a two-year high the locations where they are traded: https://www.spglobal.
no positions in the Platts Market on Close assessment previous week, data from the US Energy Information com/commodityinsights/en/our-methodology/
process. Administration showed Nov. 9. subscriber-notes/060122-platts-renames-mont-
USAC HSFO <PUAAX00> assessment rationale: US Gulf Coast inventories fell 653,000 barrels week belvieu-ngl-assessments-june-1
Platts assessed US Atlantic Coast HSFO Nov. 9 based on week to 48.77 million barrels, also backing off of a The decision to change the LSR naphtha differential
on movement in the underlying swap market. There two-year high. was announced in a subscriber note published Sep. 13:
were no positions in the Platts Market on Close Demand for propane in the US showed a second https://www.spglobal.com/commodityinsights/en/
assessment process. consecutive week of growth, climbing 171,000 b/d to our-methodology/subscriber-notes/091322-platts-to-
Exclusions: No market data was excluded from the 1.21 million b/d, the EIA data showed. rename-usgc-light-straight-run-naphtha-differential-
Nov. 9 assessment process. Export demand, the strongest driver in recent vs-natural-gasoline-oct-17
Platts is part of S&P Global Commodity Insights. months, was stable, edging just 8,000 b/d lower to This change applies only to symbol AAXQN00, which
1.44 million b/d. Propane export demand hit its all- was previously named light straight run naphtha barge
Platts US Atlantic Coast Fuel Oil No.6 Bids, time high just two weeks ago. vs Mt Belvieu non-Targa gasoline, and its corresponding
Offers, Trades US propane production rates also fell from all-time monthly average symbol AAXQN03.
highs the previous week, the data showed. From Oct. 17, the new name of this differential
Bids: No Bids US production slid 30,000 b/d to 2.51 million b/d, assessment is light straight run naphtha USGC barge
Offers: No Offers and USGC refiner output dropped 44,000 b/d to vs Mt Belvieu Enterprise natural gasoline. The symbols
Trades: No Trades 1.5 million b/d. and methodology remain unchanged.
This assessment commentary applies to the Platts is part of S&P Global Commodity Insights. This assessment is published in Platts US
following market data codes: NY Delivered FO 1% Marketscan, North American Crude and Product
<PUAAO00> NY Delivered FO 0.3% HP <PUAAE00> NY Platts US LPG deals Scan and Oilgram Price Report; on Platts Global Alert
Delivered FO 0.7% <PUAAH00> NY Delivered FO 2.2% and Platts Refined Products Alert pages 338, Platts
<PUAAU00> NY Delivered FO 3% <PUAAX00> TRADES: NO TRADES. Feedstocks Alert page 760, as well as in the Platts
BIDS: NO BIDS. price database under the code above.
Platts US LPG Spot Daily Commentary OFFERS: NO OFFERS. Please send any further comments, feedback and
questions to americas_products@spglobal.com and
Propane prices slip despite higher pricegroup@spglobal.com.
domestic demand Subscriber Notes For written comments, please provide a clear
Stocks retreat from two-year high indication if comments are not intended for publication
Platts renames USGC light straight run naphtha by Platts for public viewing. Platts will consider all
US propane stock edged slightly lower Nov. 9, even differential vs natural gasoline comments received and will make comments not
though inventories retreated from a two-year high. Platts, part of S&P Global Commodity Insights, has marked as confidential available upon request.
Platts assessed US Gulf Coast November propane changed the name of its differential assessment for
Platts changes Buckeye Pipeline assessment dates online here. differentials for alkylate, reformate and alkylate to the
for Thanksgiving holidays Platts reviews all methodologies annually to ensure next month NYMEX RBOB contract on the same day it
As a result of the US Thanksgiving holiday schedule, they continue to reflect the physical markets under rolls its USGC gasoline prompt pipeline assessments.
Platts, part of S&P Global Commodity Insights, will assessment, and regularly assesses the relevance For the naphtha assessments, Platts assess the
be assessing the following date ranges for refined of methodologies through continuous contact with differentials versus the prevailing front month NYMEX
products on Buckeye Pipeline and Laurel Pipeline in the market. Feedback on methodologies is always RBOB futures, rolling forward when more than half of
New York Harbor. welcomed by Platts. the assessed laycan falls into the next month.
The schedule applies to all Platts Buckeye and Please send all feedback, comments or questions Bids, offers and trades on a RBOB-related basis
Laurel Pipeline assessments for gasoline and middle to americas_products@spglobal.com and across the laycans are evaluated as part of the
distillates. pricegroup@spglobal.com. assessment process for the differentials. Platts may
Date Buckeye Pipeline assessment range Days forward For written comments, please provide a clear publish bids, offers and trades priced off forward
Nov. 21 24-28 3-7
Nov. 22 29 to Dec. 3 7-11
indication if comments are not intended for publication months, but these may be normalized for assessment
Nov. 23 30 to Dec. 4 7-11 by Platts for public viewing. Platts will consider all purposes.
Nov. 24 Holiday comments received and will make comments not The new differentials are:
25 Holiday marked as confidential available upon request. Symbol Description
26 Weekend AREFA00 Alkylate DAP USGC Barge vs
27 Weekend Platts launches NYMEX differential assessments for NYMEX RBOB
28 Dec. 1-5 3-7
USGC naphtha, gasoline blendstocks AREFA03 Alkylate DAP USGC Barge vs NYMEX
Platts, part of S&P Global Commodity Insights, has RBOB MAvg
There will be no change to the assessment launched differentials versus NYMEX RBOB futures AREFC00 Heavy Naphtha DAP USGC Barge vs
date ranges for refined product barges in New York for its existing US Gulf Coast standard naphtha, heavy NYMEX RBOB
Harbor, which will remain 3-7 days forward on all naphtha, alkylate, reformate and raffinate assessments AREFC03 Heavy Naphtha DAP USGC Barge vs
publishing days. with effect Nov. 1, 2022, in order to bring greater NYMEX RBOB MAvg
Please send all feedback and questions to transparency to the naphtha and blendstock markets. AREFB00 Raffinate DAP USGC Barge vs
americas_products@spglobal.com, with a CC to Platts first proposed the new assessments NYMEX RBOB
pricegroup@spglobal.com. For written comments, in a subscriber note published Sept. 13: https:// AREFB03 Raffinate DAP USGC Barge vs NYMEX
please provide a clear indication if comments are not www.spglobal.com/commodityinsights/en/our- RBOB MAvg
intended for publication by Platts for public viewing. methodology/subscriber-notes/091322-platts- AREFE00 Reformate DAP USGC Barge vs
Platts will consider all comments received and will proposes-to-launch-nymex-differential-assessments- NYMEX RBOB
make comments not marked as confidential available for-usgc-naphtha-gasoline-blendstocks AREFE03 Reformate DAP USGC Barge vs NYMEX
upon request. Platts understands that NYMEX RBOB-related RBOB MAvg
pricing has become increasingly prevalent in physical AREFD00 Standard Naphtha DAP USGC Barge vs
Platts invites feedback on its Americas Refined Oil naphtha and blendstocks markets in the US in recent NYMEX RBOB
Products methodology guide years. Platts is publishing the new differentials AREFD03 Standard Naphtha DAP USGC Barge vs
As part of its commitment to open and transparent alongside the assessments already published for these NYMEX RBOB MAvg
pricing and product specifications, Platts, part of markets, which include outright assessments as well Please send further comments to
S&P Global Commodity Insights, would like to invite as differentials to Gulf Coast pipeline unleaded 87 and americas_products@spglobal.com and
feedback on its Americas Refined Oil Products waterborne unleaded 87 gasoline. pricegroup@spglobal.com.
specifications guide, specifically the guidelines The differentials are assessed versus the prevailing For written comments, please provide a clear
described in the methodology guide posted front month NYMEX RBOB futures. Platts will roll the indication if comments are not intended for publication
by Platts for public viewing. Platts will consider all differing methodologies. Platts has launched new please provide a clear indication if comments are not
comments received and will make comments not derivative assessments for the balance month and intended for publication by Platts for public viewing.
marked as confidential available upon request. first three months for USGC HSFO, USAC 1%S and Platts will consider all comments received and will
USGC marine fuel 0.5%S, and the basis for these make comments not marked as confidential available
Platts launches settle-based US fuel oil swaps new assessments will come from a Brent frontline upon request.
assessments derivative value that is calculated from ICE Brent Affected Physical Assessment:
Additional USGC HSFO, New York 1%S and USGC settles rather than Platts’ assessment of those futures USGC HSFO (PUAFZ00)
marine fuel 0.5%S swaps to be calculated using ICE contracts. New assessments:
Brent settles The balance month derivative will be assessed USGC HSFO Waterborne (Settle) Financial BalMo
up to and including the 15th of each month. The only (AWATB00)
No changes to existing fuel oil derivative, forward
difference between the new assessments and the USGC HSFO Waterborne (Settle) Financial Mo01
curve assessments
existing fuel oil derivative assessments will be the (AWATM01)
Platts, a part of S&P Global Commodity Insights, has Brent value input used to determine the flat price. USGC HSFO Waterborne (Settle) Financial Mo02
launched new daily derivative assessments of select Platts understands that market participants typically (AWATM02)
prompt months of the USGC HSFO, New York 1%S and use the ICE Brent settlement value for the physical USGC HSFO Waterborne (Settle) Financial Mo03
USGC marine fuel 0.5%S fuel oil curves that will be assessments rather than the Platts Brent futures (AWATM03)
assessed using ICE Brent settles, effective Nov. 1, 2022. assessment. Affected Physical Assessment:
Some of Platts’ physical fuel oil assessments are USGC Marine Fuel 0.5%S (AUGMA00/AUGMB00)
assessed with the aid of fuel oil derivatives. Physical assessments New assessments:
Platts will reference these new derivatives to form Platts’ US physical fuel oil assessments are typically Marine Fuel USGC 0.5% (Settle) Financial BalMo
the underlying strips in the assessment process for made in part by using a strip to determine the value (AMARB00)
all US fuel oil physical assessments beginning in of the physical market across a forward delivery or Marine Fuel USGC 0.5% (Settle) Financial Mo01
November. The assessments will be in addition to the loading window. (AMARM01)
existing suite of US fuel oil derivative assessments. The strip represents the value the market assigns Marine Fuel USGC 0.5% (Settle) Financial Mo02
There will be no change to the existing fuel oil to future Platts assessments through trading in Platts- (AMARM02)
derivative assessments, forward curves and related related, monthly derivatives. The new derivative fuel Marine Fuel USGC 0.5% (Settle) Financial Mo03
calculations, such as cracks. oil assessments will be used in the US physical fuel oil (AMARM03)
markets where strips are used to determine the value Affected Physical Assessment:
Fuel oil swaps of the future physical market, such as USGC HSFO, FO No.6 1.0% New York Harbor Delivered Cargo
Platts assesses fuel oil derivatives including USGC USGC marine fuel 0.5%S and New York 1%S. (PUAAO00)
HSFO, USAC 1%S fuel oil and USGC marine fuel 0.5%S. These new assessments are meant to be aligned New assessments:
The values for these derivatives are determined in a with the way market participants calculate the FO 1.0% USAC Cargo (Settle) Financial BalMo
variety of ways, including from indications on a crack underlying derivatives for the physical market. In (AFOAB00)
basis which are applied to the months underlying Brent publications where the swap data is published FO 1.0% USAC Cargo (Settle) Financial Mo01
frontline derivative. Platts’ ICE Brent frontline is formed alongside the physical market assessments, the new (AFOAM01)
using Platts’ assessments of the ICE Brent futures at swap assessments will be published instead. FO 1.0% USAC Cargo (Settle) Financial Mo02
the 2:30 pm ET market close. Please send all questions and (AFOAM02)
The Platts assessed value of these futures comments to oilgroup@spglobal.com and FO 1.0% USAC Cargo (Settle) Financial Mo03
contracts can vary from the daily settlement due to pricegroup@spglobal.com. For written comments, (AFOAM03)
Platts updates WTI frontline derivatives to include contract. Platts now determines the value using futures contract expires Sept. 20. Platts previously
expiration day futures whichever futures contract is most prompt on each calculated the September WTI frontline with Sept. 20
Platts, a part of S&P Global Commodity Insights, has day, including expiration day. as a November futures value, and is now valuing
started using the prompt-month futures contract up The change to use the first-month contract on Sept. 20 using October futures.
to and including expiration day for the WTI frontline expiration day for the WTI frontline derivatives brings Please send all questions and
derivatives, effective Nov. 1, 2022 it in line with the WTI Financial Futures, which includes comments to oilgroup@spglobal.com and
This change was announced Sept. 15: https:// the settlement day. pricegroup@spglobal.com.
www.spglobal.com/commodityinsights/en/our- This change affects the WTI frontline derivatives For written comments, please provide a clear
methodology/subscriber-notes/091522-platts- that are published at the London and US closes. All indication if comments are not intended for publication
to-update-wti-frontline-derivatives-to-include- other WTI assessments, including Platts assessments by Platts for public viewing. Platts will consider all
expiration-day-futures of crude futures values at the close, will be unchanged. comments received and will make comments not
Platts publishes calendar-month derivatives that For example, the September WTI frontline is made marked as confidential available upon request.
settle against the NYMEX light sweet crude futures of October and November WTI futures. The October
No bids reported
C64: EMOC bids 25kb $-0.2325/gal
No offers reported
C64: CCMTLP bids 25kb $-0.2350/gal
Withdrawals
Offers (PGA page 324)
C64: MCTUS bids 25kb $-0.2350/gal
No offers reported
No offers reported
Withdrawals C64: TARTAN bids 25kb $-0.2375/gal
C64: GEWAR bids 25kb $-0.2395/gal Gasoil No. 2 USGC Pipeline
No offers reported
C64: VALERO bids 50kb $-0.2400/gal
Trades (PGA page 448)
Trades (PGA page 443) MW: GUNVORUSA Withdraws offer 25kb $0.2500/gal
C64: MOTVA Withdraws offer 25kb $-0.3000/gal
C64: PHCO sold to VALERO* 25kb $-0.4775/gal 19:26:09
C64: CCMTLP sold to VALERO* 25kb $-0.4775/gal 19:26:17 ULSD USGC Pipeline
Jet Fuel LA Pipeline
C64: VIT sold to VALERO* 25kb $-0.4775/gal 19:26:24
Trades (PGA page 438)
Trades (PGA page 455)
C64: GCCBUNKERS sold to VALERO* 25kb $-0.4800/gal
C64: ATMI* sold to TAG 25kb $-0.2000/gal 19:27:34
No trades reported
19:26:36 * Denotes market maker. All times GMT
C64: ATMI* sold to MUSKET 25kb $-0.2000/gal 19:27:41
C64: DKTRDS sold to VALERO* 25kb $-0.4775/gal 19:28:12
Bids (PGA page 453) C64: ATMI* sold to GUNVORUSA 25kb $-0.2000/gal 19:27:47
C64: VIT sold to VALERO* 25kb $-0.4775/gal 19:28:19
No bids reported
C64: ATMI* sold to GUNVORUSA 25kb $-0.2000/gal 19:27:57
C64: GCCBUNKERS sold to VALERO* 25kb $-0.4775/gal
Withdrawals C64: MPCLLC* sold to GUNVORUSA 25kb $-0.2000/gal
19:28:24 19:28:02
No bids reported
C64: PHCO sold to VALERO* 25kb $-0.4800/gal 19:29:28
C64: MPCLLC* sold to TAG 25kb $-0.2000/gal 19:28:19
Offers (PGA page 454)
* Denotes market maker. All times GMT C64: STUS* sold to GUNVORUSA 25kb $-0.2000/gal 19:28:21
No offers reported
Bids (PGA page 441) C64: VALERO* sold to GUNVORUSA 25kb $-0.2000/gal
Withdrawals
C64: BPP bids 25kb $-0.5050/gal
19:28:23
No offers reported
C64: VALERO bids 25kb $-0.5350/gal
C64: ATMI* sold to GUNVORUSA 25kb $-0.2000/gal 19:28:25
C64: GUNVORUSA bids 25kb $-0.5500/gal
C64: MPCLLC* sold to GUNVORUSA 25kb $-0.2000/gal
Jet Fuel NYH Barge
19:28:31
C64: MPCLLC bids 25kb $-0.5575/gal
Trades (PGA page 487)
C64: STUS* sold to GUNVORUSA 25kb $-0.2000/gal 19:28:33
C64: VIT bids 25kb $-0.5700/gal
No trades reported
* Denotes market maker. All times GMT
C64: MOTVA bids 25kb $-0.5700/gal
* Denotes market maker. All times GMT
Bids (PGA page 436)
C64: APEXINC bids 25kb $-0.6000/gal
Bids (PGA page 485)
C64: GUNVORUSA bids 25kb $-0.2125/gal
Withdrawals No bids reported
C64: TAG bids 25kb $-0.2125/gal
C64: VALERO no longer bids 25kb $-0.4800/gal
Withdrawals
C64: GUNVORUSA bids 25kb $-0.2225/gal
C64: MOTVA Withdraws bid 25kb $-0.5000/gal
No bids reported
C64: MUSKET bids 25kb $-0.2250/gal
C64: CCMTLP Withdraws bid 25kb $-0.5950/gal
Offers (PGA page 486)
C64: TARTAN bids 25kb $-0.2300/gal
No offers reported
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