Platts Cuts Out Russian-Linked Fuel From Price Benchmarks
Market Intelligence Analysis
AI-PoweredPlatts has announced a significant change to its European oil pricing benchmarks by excluding any fuels derived from Russian crude starting in December 2023. This move is expected to reshape the pricing landscape and could lead to increased volatility in oil markets as suppliers adjust to the new criteria.
Market impact analysis based on bearish sentiment with 79% confidence.
Article Context
Platts just redefined European oil pricing, and it did it with a single line: Russian-crude-derived fuels are out. Beginning Dec. 15 for cargoes and Jan. 2 for barges, any diesel or other oil product that can be traced back to Russian crude will simply not count in the assessments that shape benchmark prices across the region. If that sounds wonky, you’re not alone. This is a material shift in how one of the most influential price setters on the planet defines supply. Historically, Platts has been product-focused. If you offered a cargo of…
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