S&P Global Platts will discontinue its US West Coast residual fuel oil assessments with effect from January 2, 2017.
Liquidity observed in the US West Coast spot fuel oil market has fallen to minimal levels, reflecting in part a move by regional oil refiners toward producing clean products. Remaining West Coast fuel oil production is generally allocated to term contracts, which has substantially reduced the volume of spot trade available for assessment.
These discontinuations will not affect Platts ex-wharf and delivered bunker fuel assessments in US West Coast ports.
The discontinuations include daily assessments and monthly averages. These assessments appear on PGA pages 158, 550 and 551; in the publications Asia-Pacific/Arab Gulf Marketscan, Oilgram Price Report and US Marketscan; and in the Platts database under the following codes:
ASSESSMENT CODE (DAILY) CODE (MONTHLY AVERAGE)
West Coast Waterborne
- No.6 0.5% PUAGD00 PUAGD03
- No.6 1.0% PUAAQ00 PUAAQ03
- No.6 2.0% AABGP00 AABGQ00
Los Angeles Waterborne
- 180 CST PUAWR00 PUAWR03
- 380 CST PUAWX00 PUAWX03
San Francisco Waterborne
- 180 CST PUBDA00 PUBDN03
- 380 CST PUBCY00 PUBDO03
- 180 CST PUAWT00 PUAWT03
- 380 CST PUAWZ00 PUAWZ03
Data Sources: Platts | Effective Date: January 02, 2017