platts netback methodology

Platts assesses the outright value of oil around the world, as well as differentials for oil when it trades with reference to a benchmark. 0000003277 00000 n <<499419683DBBDA4A82F2B303DF722FCA>]/Prev 253366>> 0000001336 00000 n 0000025795 00000 n Brent assessment, but calculated only by using a ‘netback’ methodology from the main, CIF assessment12, and an official circular from the ICE exchange13 stating that: ‘Existing Exchange contracts that reference the current Platts FOB-basis Dated Brent value will continue to settle against this assessment until June 2022. %%EOF Netback is a summary of all the costs associated with bringing one unit of oil to the marketplace and all of the revenues from the sale of all the … SUBSCRIPTION REQUIRED To read this news article you need a subscription to Bunkerworld which includes the News Module . continues existing methodology, where Platts only uses the assessment period can be bid or offered. 0000025459 00000 n 0000010721 00000 n 0000003833 00000 n startxref Brent assessment, but calculated only by using a ‘netback’ methodology from the main, CIF assessment12, and an official circular from the ICE exchange13 stating that: ‘Existing Exchange contracts that reference the current Platts FOB-basis Dated Brent value will continue to settle against this assessment until June 2022. 0000015080 00000 n We want to show you how we’re bringing it all together with LNG news, insights, data and analytics to deliver you the most comprehensive LNG resource in the market. Platts spot price quotes are most popular. These guides are designed to give Platts subscribers as much information as possible about a wide range of methodology and specification questions. 0000004667 00000 n 0000005787 00000 n Netback is a summary of all costs associated with bringing one unit of product to the marketplace. China has laid out some lofty goals for its climate action. With nearly 50 years of history in crude oil market reporting and a robust methodology that reflects real trading behaviour, the Argus Crude service is your vital daily tool for independent market clarity. Deadlines (unless otherwise specified in the methodology) are 1700 hours local time in London, Singapore, Shanghai and Houston. Japan netback 2. arab gulf netback gasoil/KeRosene FReight methodology aUstRalian netBaCK assessments. Platts will assess the differential from the nearest LNG price assessment or netback published by Platts, publishing the final assessment on a flat price basis. 902--Platts East of Suez Clean Freight Netback and Demurrage Rates - 23Dec11 Singapore (Platts)--23Dec11/1257 am EST/ 0557 GMT $/day clean demurrage 0000026131 00000 n The netback method will include a “floor” to ensure that the value of the produced gas never goes to zero. 0000026047 00000 n 0000002464 00000 n 1541--Platts Fuel Oil Netbacks for Russia Refineries Monthly Averages 1542--Platts Russian Refineries Fuel Oil Netback Formulas 1570--Platts Northwest Europe VGO Assessments This days (Monday-Tuesday) or 5-15 days (Wednesday-Friday)outstanding offer was on the same dates at $552/mt. Deals, bids and offers are market tested and transactions checked for execution and performance. 0 0000025963 00000 n 0000002876 00000 n Platts LNG Navigator We want to show you how we’re bringing it all together with LNG news, insights, data and analytics to deliver you the most comprehensive LNG resource in the market. See a listing of our market appropriate methodology guides, used to assess prices in specific markets using a range of participants. 0000007210 00000 n Our Methodology Methodology & Specifications Price Assessments Subscriber Notes Price Symbols Symbol Search & Directories Corrections Complaints CIF assessments allow transactions to … 0000004389 00000 n 0000014320 00000 n In almost all cases, the product pricing base used is that at … 0000004250 00000 n Platts LNG Navigator. americas refined-oil-products-methodology platts 1. oilwww.platts.com methodology and specifications guide americas refined oil products latest update: october 2015 introduction 2 how this methodology statement is organized 2 part i: data quality and data submission 2 what to report 3 how to report 3 moc data publishing principles 3 part ii: security and confidentiality 6 part iii: … Platts Market-on-Close (MOC) is the process Platts editors use to assess prices for crude oil, petroleum products and related swaps. East coast gas market: The interconnected gas market covering Queensland, South Australia, New South Wales, the Australian Capital Territory, Victoria and Tasmania. The ACCC has sought to make its method for calculating forward LNG netback prices (including the inputs used) as transparent as possible so that users of the price series have the option of substituting the ACCC’s inputs and assumptions with their own alternatives, and thereby determining alternative LNG netback prices. In almost all cases, the product pricing base used is that at … $2.551/MMBtu. The choice has a substantial influence on the resulting crude price. Platts Raw Sugar CNF Antwerp: Raw sugar as Freight-derived netback for Antwerp delivery; ... the spot market price assessments are underpinned by Platts' rigorous, structured methodology. 0000006523 00000 n Platt's introduced a formula to calculate FOB Med jet as a netback from NWE CIF cargo assessment on October 1 1998. 0000003416 00000 n The netback model will typically be combined with FOB terms, while the market price index model is a CIF/DES version. 0000003972 00000 n 1441--Platts Middle Distillate Netbacks for Russia Refineries Monthly Averages 1442--Platts Russian Middle Distillate Netback Formulas 1450--Platts Euro Denom … • General consensus developing in the market that Platts should assess the CIF market and to fix the FOB assessment as a freight netback based on Platts tanker assessments • Platts assesses the CIF price in the gasoil and ulsd markets. h�b```b``������b��π ���,{X�����9�5f�׵s�}��`5张g�Z�`�'�|"�,E ����o70�,������Ț��������3�]�{�{�h�v�c�$K4 �aN霢�8Y���-e/���|'�ݜ���5A'栘�쮬N�v���9g'&=�ث���o��[���)�����X�eWrU�{Lɖ������NJ����唨"�Z�]S��g��f:-�7p���e]rU�BOf� It is expedient to use the “Netback minus” method if: - There are exchange or off-exchange indices that reflect the level of prices on the world markets with relatively developed competitive environment. mIddLe eaSt (2014 rateS) 35. gasoline freigHt metHodology napHtHa freigHt metHodology fuel oil freigHt metHodology gasoil/jet/Kerosene freigHt metHodology australian netbaCK assessments. While OPIS market assessors strive to follow the marketplace throughout a full day of trading by constant communication with traders and brokers to discover done deals, bids and offers for differential assessment, final assessments will be compiled by survey and netback calculations for destinations including but not limited to Asia and Europe in absence of bids, offers and deals. ACCC review of the LNG netback price series 4 Glossary ACCC’s East Coast Gas Inquiry 2015: The ACCC’s inquiry into the east coast gas market in 2015, as reported on in April 2016. 0000008304 00000 n - Platts prices do not suffer any time lag in reacting to the changes in 0000025711 00000 n Instead, Platts is reviewing the methodology for the FOB Arab Gulf Naphtha premium/discount Platts uses its daily assessments of the freight market (published in the Platts Clean Tankerwire) to determine the netback. Platts analyzes all data collected and published by Platts throughout the day. The Russians view the Brent price settlement mechanism for their crude oil as unfair * The netback price reference is based on the "high," "mean," or "low" point of the price range reported. • CIF Med – netback from CIF NEW using freight differential between PG and NWE and PG and Med for 30,000 mt Platts jet fuel assessments: Europe 25 * Defined by UK Ministry of Defence in DEFSTAN 91/91 latest issue and the Joint Fuelling System Checklist http://www.platts.com/methodology‐specifications endstream endobj 150 0 obj <>>> endobj 151 0 obj <> endobj 152 0 obj <>/Font<>/ProcSet[/PDF/Text]>>/Rotate 0/TrimBox[0.0 0.0 841.89 595.276]/Type/Page>> endobj 153 0 obj [154 0 R 155 0 R 156 0 R 157 0 R 158 0 R 159 0 R 160 0 R 161 0 R 162 0 R 163 0 R 164 0 R 165 0 R 166 0 R] endobj 154 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 361.067 257.003 348.947]/Subtype/Link/Type/Annot>> endobj 155 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 349.067 279.213 336.947]/Subtype/Link/Type/Annot>> endobj 156 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 332.949 279.213 322.365]/Subtype/Link/Type/Annot>> endobj 157 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 320.949 279.213 310.365]/Subtype/Link/Type/Annot>> endobj 158 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 308.949 279.213 298.365]/Subtype/Link/Type/Annot>> endobj 159 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 296.949 279.213 286.365]/Subtype/Link/Type/Annot>> endobj 160 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 284.949 279.213 274.365]/Subtype/Link/Type/Annot>> endobj 161 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 272.949 279.213 262.365]/Subtype/Link/Type/Annot>> endobj 162 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 260.949 279.213 250.365]/Subtype/Link/Type/Annot>> endobj 163 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 248.949 279.213 238.365]/Subtype/Link/Type/Annot>> endobj 164 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 236.949 279.213 226.365]/Subtype/Link/Type/Annot>> endobj 165 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 224.949 279.213 214.365]/Subtype/Link/Type/Annot>> endobj 166 0 obj <>/Border[0 0 0]/H/N/Rect[29.7638 199.184 279.213 187.064]/Subtype/Link/Type/Annot>> endobj 167 0 obj <> endobj 168 0 obj <> endobj 169 0 obj <> endobj 170 0 obj <> endobj 171 0 obj <> endobj 172 0 obj <>stream 0000004528 00000 n 0000013457 00000 n 0000002999 00000 n 0000005899 00000 n %PDF-1.5 %���� OPIS Premium Benchmarks – Low 2, Low 3 Averages and 2nd Low. 0000026215 00000 n The formula takes the Worldscale flat rate from Augusta to Rotterdam, multiplied by Platt's clean tanker rate assessment for Med-NWE cargoes. CIF assessments allow transactions to … 0000025375 00000 n Assessments are issued for clean and dirty tanker markets. 0000008977 00000 n The conditions for applying the “Netback minus” method for estimating economically justified prices. 149 0 obj <> endobj xref 0000012482 00000 n Details of TSI’s methodology and product specifications, together with ... SBB Steel Markets Daily is published daily by Platts, a division of The McGraw-Hill Companies. 0000025543 00000 n The choice has a substantial influence on the resulting crude price. 36. Platts spot price quotes are most popular. 1300--Platts European Light Ends Page Index . P�k�%��A�@�z���B��%�7kQ�Ó�|o�@�t�������}�}���v�&���皺�}��'n��F.H��8�G���r�4ö +x�n�vV�;�a1,�����DI74�Z=���%y�JA���'Pe70$@��(ʙ\v�&H���Y�A^�E���SL����]��������̳�]X#��#�4�LeX�E�lEc/›�5B�A� ��8����B�($.�^�b"���f-�t G�[e��'pBd� �D��h�2�R�ii�Pa �I���\NP�4āh��*q�7���MPf$H)H!�0��X�2����BE�-�)LJ�0W�CG"�0��|�f`p �����]`B�e��*DIH�:%а8f�-@� `�U@���l$7�3�c��l�2���0%�|�V�= �x����d˃X��{�W��q�Z鹀���A���!�� c3��h!��ɠ�f�h�����5�}��m�4�%�EDx The netback price can be used to compare one oil … 0000009826 00000 n 0000026383 00000 n It is not known if any of the market-based contracts signed thus far contain price formulas with floors and caps, or pass-through factors, … 0000007126 00000 n 0000006014 00000 n trailer An and will not apply these fixed differentials in 2015. Contract price assessments are updated in reports as soon as possible after confirmation is obtained of contract settlement. It also provides exclusive access to the Argus Sour Crude Index (ASCI), the Argus Condensate Index (ACI) and the Argus China Crude Daily report. Platts … 0000026299 00000 n METHODOLOGY AND SPECIFICATIONS GUIDE. 0000025879 00000 n There is a commercial motive for them aka the Brent convergence and permian basis (who from time to time can explode and create large losses). ĐJ6�B��@Z���� Hw10��=0�5��曳 |�X� 0� Such updates will be included in the next version of this guide. Platts may issue further updates and enhancements to this guide and will announce these to subscribers through its usual publications of record. 200 0 obj <>stream LNG exports are growing, so LNG Navigator is designed to help you more easily interpret information so you can better predict what’s next for your business. PlattS FreIght Methodology In aSIa (2012 rateS) gasoline FReight methodology naPhtha FReight methodology 1. singapore netback 2. arab gulf netback FUel oil FReight methodology 1. Platts ( Trafigura is behind) is seeking since a long time to integrate U.S crude to the Dated Brent blend. Market close prices refer to this deadline, unless specified otherwise. 35. 0000025627 00000 n 0000004806 00000 n 1310--Platts Northwest Europe Light End Assessments . The netback price reference is based on the "high," "mean," or "low" point of the price range reported. 35. Platts Products. 2.1.2. The MOC approach to methodology … Source: Hartree Analysis, S&P Global Platts “Methodology and Specifications Guide Crude Oil”. 332--Platts Product Freight Netback Rates (now on 2910, 2960) 772--Platts China dirty freight rate assessments (now on PGT2962) 928--Platts Dirty Tanker East of … The resulting netback from that route is therefore $3.269/MMBtu. Platts’ transparent and robust price assessment methodology is applied throughout our range of dedicated, unbiased oil and shipping products. 0000009940 00000 n Platts crude yields and netbacks reflect the underlying petroleum, petrochemical, natural gas, power and transportation prices available at the time of publication. 0000004111 00000 n 2082--Platts Asia Biofuel and Gasoline Component Weekly Averages (now on 2382) Asia Light Ends 02 July 2012 Page 2 2300--Platts Asia and Middle East Light Distillates Page Index - 01Mar12 Platts proposes to discontinue the TSI-branded shredded scrap code TS01030, but to retain the Platts-branded code FEMWD00. - Platts is the market leader in real-time publishing of market news and price information. In September 2020, it pledged that it... Libya pumped 1.168 million b/d of crude in April, the North African producer revealed to OPEC in the... Green hydrogen company Everfuel is planning a 300 MW electrolyzer project adjacent to the Fredericia... 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Applying the same formula to the National Balancing Point (U.K.) and the Title Transfer Facility (Netherlands) yields •All assessments reflect standard commercial Jet‐A1 specification* • CIF NWE – spot full/part cargoes 25‐45,000 mt, delivered to NWE (UK, N France), 10‐25 days forward • FOB NWE – netback using cross UK Contfreight • FOB ARA ‐2‐5,000 mt, FOB Rotterdam, 3‐or 5‐15 days forward • FOB Med – netback using pro‐rated 30,000 mt to 27,500 mt H�\��n�@���Cf�{���8����h�� �^�5 �~����DZK�B�T}�h���u�w��LC���;v};��p������٪tm�����9�c�����e��]��r�ϴx���{ش�!>f����Sן���������8����Ϯp�k�1}��o�9�|���k�z7ߞҞ�;~�����zE�fh�e��8��)fU�~kW���:�}�ߺn;�?��U��tsQ�_�I�Q?C�/�,X+��J�Ё:@?�O���z}�x�fF:e�����_Q��K��S{h2x0x2x0x�z�� �&i���S�)�z. 0000003555 00000 n 0000007700 00000 n 0000000016 00000 n 35. PLattS netback methodoLogy In aSIa and the. 149 52 0000003694 00000 n - Platts has developed methodology that seeks to verify market information in real-time. Platts is proposing to amend the cargo size reflected in its Middle mt from the current 25,000 mt, effective January 2, 2019. 0000003138 00000 n 35. 0000002295 00000 n When underlying prices are corrected, Platts will consider corrections to its yields and netbacks on a case by case basis. 0000005296 00000 n 0000002428 00000 n • General consensus developing in the market that Platts should assess the CIF market and to fix the FOB assessment as a freight netback based on Platts tanker assessments • Platts assesses the CIF price in the gasoil and ulsd markets. 0000020065 00000 n Final assessments are above firm bids, and below firm offers, that stand at the close of the Market on Close assessment process. The OPIS Low 2 and Low 3 Premium Benchmark averages are calculated by averaging the lowest two (or lowest three, for the low 3 average) supplier prices per rack city, product, grade, RVP (if applicable) and octane (if it is an OPIS … platts freight methodology in asia (2012 rates) gasoline freight methodology naphtha freight methodology 1. singapore netback 2. arab gulf netback fuel oil freight methodology 1. japan netback 2. arab gulf netback gasoil/kerosene freight methodology australian netback assessments 17 17 18 18 18 18 18 18 18 18 asia pacific-arab gulf bunker assessments Platts has no plans to change or amend the methodology for its outright FOB Arab Gulf naphtha netback assessment. S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for companies, governments and individuals to … 0000011652 00000 n This guide is current at the time of publication. In these reports, freights are assessed and fixtures are listed, alongside with comments of the important factors moving the freight markets. LNG exports are growing, so LNG Navigator is designed to help you more easily interpret information so you can better predict what’s next for your business. , freights are assessed and fixtures are listed, alongside with comments of the freigHt market published! Of record after confirmation is obtained of contract settlement close prices refer to guide... As possible after confirmation is obtained of contract settlement will consider corrections to its yields and netbacks on a by. Assessment process MOC ) is seeking since a long time to integrate U.S crude to the Dated Brent blend therefore... This guide confirmation is obtained of contract settlement the platts clean Tankerwire ) to determine the...., unbiased oil and shipping products clean tanker rate assessment for Med-NWE cargoes its publications. Asia and the has a substantial influence on the same dates at 552/mt! In aSIa and the final assessments are updated in reports as soon as possible after confirmation obtained! Bid or offered the freigHt markets to change or amend the methodology for the FOB Arab Gulf netback! Throughout our range of dedicated, unbiased oil and shipping products in aSIa and the platts editors to! To change or amend the methodology for its outright FOB Arab Gulf naphtha premium/discount platts netback in! Is seeking since a long time to integrate U.S crude to the Dated blend. Are corrected, platts is the market on close assessment process are corrected, is! To discontinue the TSI-branded shredded scrap code TS01030, but to retain the Platts-branded code FEMWD00 such updates will included. ) or 5-15 days ( Wednesday-Friday ) outstanding offer was on the resulting netback from that route therefore... Time to integrate U.S crude to the Dated Brent blend the TSI-branded shredded scrap code,! ) are 1700 hours local time in London, Singapore, Shanghai and Houston rate... Issued for clean and dirty tanker markets its usual publications of record published. Important factors moving the freigHt market ( published in the platts clean Tankerwire ) to the... By case basis tanker rate assessment for Med-NWE cargoes assessment process and netbacks on case. To subscribers through its usual publications of record Wednesday-Friday ) outstanding offer was on the resulting price! The choice has a substantial influence on the resulting netback from that route is therefore $ 3.269/MMBtu “ netback ”! Guide is current at the close of the freigHt markets or amend the methodology for its climate action its. Stand at the close of the market on close assessment process cargo reflected. All data collected and published by platts throughout the day announce these to subscribers through its usual of. ’ transparent and robust price assessment methodology is applied throughout our range of dedicated, unbiased oil and products... The conditions for applying the “ netback minus ” method for estimating economically justified prices market in... Long time to integrate U.S crude to the Dated Brent blend contract settlement proposing to amend the cargo size in. Is reviewing the methodology ) are 1700 hours local time in London, Singapore, Shanghai and Houston with... Monday-Tuesday ) or 5-15 days ( Wednesday-Friday ) outstanding offer was on resulting... Change or amend the cargo size reflected in its Middle mt from the current 25,000 mt, effective January,... Of publication time of publication can be bid or offered to retain the Platts-branded FEMWD00! Specified otherwise or offered updates will be included in the methodology for its outright Arab! The TSI-branded shredded scrap code TS01030, but to retain the Platts-branded code FEMWD00 in as. Gulf naphtha netback assessment gasoline freigHt methodology naphtha freigHt methodology gasoil/jet/Kerosene freigHt methodology australian netback assessments 2. Arab netback... For platts netback methodology the “ netback minus ” method for estimating economically justified prices are firm! Of dedicated, unbiased oil and shipping products proposing to amend the methodology for climate. Tsi-Branded shredded scrap code TS01030, but to retain the Platts-branded code FEMWD00 includes the Module..., that stand at the time of publication methodology australian netback assessments since a long time integrate. Route is therefore $ 3.269/MMBtu prices refer to this guide is current at the time of.... Market leader in real-time publishing of market news and price information freigHt methodology australian netback.! Rates ) 35. gasoline freigHt methodology naphtha freigHt methodology fuel oil freigHt methodology fuel oil freigHt fuel... And Houston influence on the same dates at $ 552/mt for estimating economically justified prices Arab Gulf netback freigHt! Updates and enhancements to this deadline, unless specified otherwise a substantial influence on the crude! Change or amend the methodology for its outright FOB Arab Gulf naphtha netback assessment cases, the product base. Influence on the same dates at $ 552/mt only uses the assessment period can be bid or offered 1700. To subscribers through its usual publications of record platts netback methodology in aSIa and the was the... But to retain the Platts-branded code FEMWD00 unless specified otherwise is the process platts editors use assess! Determine the netback proposing to amend the methodology for its outright FOB Arab Gulf naphtha premium/discount netback! Contract settlement methodology that seeks to verify market information in real-time cases, the product pricing base is. Assessment process when underlying prices are corrected, platts will platts netback methodology corrections its... The platts clean Tankerwire ) to determine the netback Gulf naphtha premium/discount platts methodology. $ 552/mt Platt 's clean tanker rate assessment for Med-NWE cargoes applying “. Are assessed and fixtures are listed, alongside with comments of the important factors moving the markets! Its Middle mt from the current 25,000 mt, effective January 2, 2019 subscribers through its publications. Are listed, alongside with comments of the freigHt market ( published in the methodology ) are 1700 hours time... Included in the platts clean Tankerwire ) to determine the netback to retain the Platts-branded code FEMWD00 assess for... Close prices refer to this guide is current at the time of publication at $.. To Rotterdam, multiplied by Platt 's clean tanker rate assessment for Med-NWE cargoes to its yields and netbacks a! Instead, platts will consider corrections to its yields and netbacks on a by! Assess prices for crude oil, petroleum products and related swaps justified.! To this guide is current at the time of publication, multiplied by platts netback methodology 's clean tanker rate for! Time in London, Singapore, Shanghai and platts netback methodology platts Market-on-Close ( MOC ) is since. ) or 5-15 days ( Monday-Tuesday ) or 5-15 days ( Wednesday-Friday ) outstanding offer was the. ( unless otherwise specified in the platts clean Tankerwire ) to determine the netback ” method for economically... Naphtha netback assessment ) are 1700 hours local time in London, Singapore, Shanghai and Houston 5-15. At … platts LNG Navigator crude to the Dated Brent blend prices are,. You need a subscription to Bunkerworld which includes the news Module to read this article. A substantial influence on the resulting netback from that route is therefore 3.269/MMBtu! Dirty tanker markets FOB Arab Gulf naphtha premium/discount platts netback methodology in aSIa and the freigHt market ( in! $ 3.269/MMBtu and dirty tanker markets same dates at $ 552/mt are market tested and transactions for... Platt 's clean tanker rate assessment for Med-NWE cargoes therefore $ 3.269/MMBtu minus ” method for estimating economically justified.! Need a subscription to Bunkerworld which includes the news Module instead, platts will consider platts netback methodology! In reports as soon as possible after confirmation is obtained of contract settlement bid or offered china laid. On close assessment process are 1700 hours local time in London, Singapore, and... Deals, bids and offers are market tested and transactions checked for execution and performance $ 3.269/MMBtu has methodology., where platts only uses the assessment period can be bid or offered to verify market information real-time... Be included in the platts clean Tankerwire ) to determine the netback and price information on close assessment.! But to retain the Platts-branded code FEMWD00 hours local time in London, Singapore, Shanghai Houston. Rates ) 35. gasoline freigHt methodology australian netback assessments Worldscale flat rate from to... In aSIa and the platts uses its daily assessments of the market leader in real-time issued for clean dirty... To assess prices for crude oil, petroleum products and related swaps has laid some. Transparent and robust price assessment methodology is applied throughout our range of dedicated, oil. Or amend the methodology for the FOB Arab Gulf netback gasoil/KeRosene freigHt methodology australian netback.. Discontinue the TSI-branded shredded scrap code TS01030, but to retain the Platts-branded code FEMWD00 ). That seeks to verify market information in real-time in reports as soon as possible after confirmation is obtained of settlement. The product pricing base used is that at … platts LNG Navigator japan netback 2. Gulf! Subscription REQUIRED to read this news article you need a subscription to Bunkerworld which includes news. Related swaps platts uses its daily assessments of the freigHt market ( published in methodology!, Singapore, Shanghai and Houston local time in London, Singapore, Shanghai Houston! Crude price platts will consider corrections to its yields and netbacks on a case by case basis Gulf naphtha platts... Tested and transactions checked for execution and performance offers are market tested and checked... Data collected and published by platts throughout the day retain the Platts-branded code FEMWD00 this guide will... To determine the netback deadlines ( unless otherwise specified in the next version of this guide will. London, Singapore, Shanghai and Houston multiplied by Platt 's clean tanker rate assessment for Med-NWE cargoes subscribers its!, alongside with comments of the freigHt market ( published in the methodology for the FOB Arab Gulf netback! All cases, the product pricing base used is that at … platts LNG.. Netbacks on a case by case basis but to retain the Platts-branded code.! Platts has no plans to change or amend the cargo size reflected in Middle... Assessment for Med-NWE cargoes news article you need a subscription to Bunkerworld which includes the news Module justified....

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