Platts makes multiple changes to its oil and commodity price assessments

Platts, a major commodity price reporting agency, announced a series of technical adjustments to its Market on Close price assessment processes for various oil products. The changes affect how price increments are handled for European fuel oil barges and for clean oil products in the Middle East and Asia.

Separately, Platts launched new price assessments for US Gulf Coast benzene and a US Midwest aluminum premium, corrected some earlier Singapore jet fuel assessments, and is seeking feedback on its Dubai crude oil benchmark. These are routine updates to the methodologies used to set daily reference prices for physical commodity trades.