Platts proposes adding Tarragona, Cartagena to ports reflected in FOB Med gasoline assessment

Platts, part of S&P Global Commodity Insights, proposes to expand the list of ports reflected in its Market on Close assessment process for FOB Mediterranean gasoline cargoes effective Sept. 18, 2023, to include Tarragona and Cartagena in Spain.

Following market feedback, Platts understands that Tarragona and Cartagena are active production hubs in the Mediterranean, where a range of market participants operate. Refineries in these locations are known exporters in the Mediterranean.

Platts is proposing to publish bids, offers and trades for gasoline cargoes loading FOB Tarragona and FOB Cartagena in the MOC process, in addition to the ports currently reflected. The assessment reflects cargoes loading FOB basis Santa Panagia Bay 10-25 days from the date of publication, with value normalized to reflect the mean value of the delivery period. Loadings taking place in other Mediterranean locations may be considered in the MOC assessment process and normalized back to reflect value basis Santa Panagia Bay.

Platts currently publishes bids and offers for the following locations:

Croatia: Rijeka

Cyprus: VTT Vasiliko

Greece: Aspropyrgos, Thessaloniki, Agioi Theodoroi

Italy: Augusta, Falconara, Genoa, Milazzo, Santa Panagia Bay, Sarroch

Malta: Malta

Morocco: Tangier

Spain: Barcelona, Castellon.

Please send any comments, questions or feedback by Aug. 28, 2023 to europe_products@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.