MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Platts to Not Include Russia Origin in Gasoil and Jet Fuel Assessments

OIL PRODUCTS

Platts will no longer include Russia as part of the open origin basis of its gasoil and jet fuel/kerosene cargo assessments in Asia and the Middle East.

  • Market consultation showed no significant flow of Russian-origin middle distillates into Asian and Middle East markets. Any changing trade patterns from new Russian flows could be potentially disruptive.
  • Removing Russia as a potential source of supply prevents any unplanned disruption and ensures that the assessments consistently reflect the value of the same non-Russian flows of product as they have done historically.
  • Future Russian middle distillate flows into Asia and the Middle East could create a two-tier market, an open market for non sanctioned middle distillates, and a possible market including Russian-origin fuel.
  • If new Russian flows into Asia emerge, Platts will consult with the industry to determine the basis on which these barrels are trading and how best to reflect the value of them in any price assessment.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.