Specifications Guide

Global Platts Forward Curve Products

Latest update: August 2022

Definitions of the trading locations for which Platts

publishes daily indexes or assessments 2
Futures assessments 3
Asia Pacific: crude oil 4
Asia Pacific: refined oil products 7
Asia Pacific 15
Europe: crude oil 19
Europe: refined oil products 23
Europe 41
Americas: crude oil 44
Americas: refined oil products 47
Americas 55

Revision history 57

www.spglobal.com/commodityinsights
Specifications Guide Global Platts Forward Curve Products: August 2022

DEFINITIONS OF THE TRADING LOCATIONS FOR WHICH PLATTS PUBLISHES DAILY INDEXES OR ASSESSMENTS
The following specifications guide contains the primary jet fuel derivative at $100/barrel (the strike price) for a volume settled using the relevant physical market assessment or
specifications and methodologies for the S&P Global Commodity of 50,000 barrels, using a Platts assessment for jet fuel in the futures market values available on every publishing day in the
Insights’ Platts Forward Curve financially-settled oil derivatives physical markets as the underlying instrument for settlement month. Monthly derivatives roll on the first publishing day of
assessments around the world. All the assessments listed here of value. On September 1, when all August assessments have each month.
employ Platts Assessments Methodology, as published at platts- been published, if the average of the Platts jet fuel assessments
assessments-methodology-guide.pdf (spglobal.com) . published in August was $101/b, the seller would pay the Calendar Quarter: A calendar quarter derivative is financially
buyer $1/b for 50,000 barrels, or $50,000. If the average of the settled using the relevant physical market assessment or
These guides are designed to give Platts subscribers as much underlying Platts assessments in August was $99/b, the buyer futures market values available on every publishing day in the
information as possible about a wide range of methodology and would likewise pay the seller $1/b for 50,000 barrels, or $50,000. quarter. A Q3 derivative refers to July, August and September,
specification questions. and so on. Calendar quarters roll four times a year, on the first
Platts derivative assessments reflect the value of both publishing days of January, April, July and October.
This guide is current at the time of publication. Platts may uncleared and cleared instruments.
issue further updates and enhancements to this guide and will Calendar Year: A calendar year derivative is financially settled
announce these to subscribers through its usual publications Weeks: Platts assesses the value of Brent weekly Contract using the relevant physical market assessment or futures
of record. Such updates will be included in the next version of for Difference derivatives (CFDs). Such derivatives roll on the market values available on every publishing day during the year.
this guide. Platts editorial staff and managers are available to Thursday of each week. Yearly derivatives roll on the first publishing day of each year.
provide guidance when assessment issues require clarification.
Balance-Month: A balance-month derivative is financially Spreads: Platts publishes a series of spread derivatives around
A financially-settled derivatives contract is one in which a settled using the relevant physical market assessment or the world, which reflect the value of different underlying physical
buyer and seller agree to a strike price in relation to a defined futures market values available on every remaining publishing benchmarks relative to others. These include: crack spreads
underlying benchmark for a defined period of time. The day in the month, including the day of publication itself. Balance- (between products and crude); grade spreads (between different
counterparties ultimately financially settle the difference in month derivatives are assessed in some markets, and these product specifications or crude grades); time spreads (between
value between the strike price and the average value of the assessments are available up to and including the 15th of each derivatives of different time maturities); location spreads
underlying benchmark, once that average value is known. month in the US and Asia, and up to the 20th of the month in (between different geographic locations); and contract spreads
Financially-settled derivatives do not typically result in the Europe and Africa. Also, in Asia, the FOB Singapore balance (between, for example, physical and derivative benchmarks).
physical delivery of a commodity. They typically result in the month derivatives for gasoil, jet fuel and residual are published
payment of a financial consideration reflecting the difference in until the fifth last publication day of the month. After these Examples of such assessments include Singapore regrade
value between the strike price and the average of the underlying points, Platts may continue to publish balance-month bids and derivatives which reflect the difference in value between jet
reference price – commonly the average price published for a offers during the Market on Close assessment process, but the fuel and gasoil; viscosity derivatives which reflect the difference
physical market price benchmark, or sometimes another key information might not be used for assessment purposes due to in value between 180 CST fuel oil and 380 CST fuel oil; sulfur
indicator, like a futures contract. lower underlying liquidity. spreads or “hi-lo” derivatives that reflect the difference in value
between high-sulfur and low- sulfur fuels; and spreads between
For example, a buyer and seller might agree to trade an August Calendar Month: A calendar month derivative is financially refined product derivatives and related frontline futures.

© 2022 by S&P Global Inc. All rights reserved. 2

Specifications Guide Global Platts Forward Curve Products: August 2022

Time (ET)
Trades Bid Ask
Futures assessments editorial assessments of what the market value is at the close. 2:29 80.00 80.00 80.05
The assessment may not be a specific transaction as it may have 80.00 80.01 80.04
Platts assesses the prevailing market value for several futures been an unusual and not representative event. 80.04 80.01 80.05
80.05 80.01 80.05
contracts on CME/NYMEX, ICE and DME. These assessments
80.01 80.01 80.04
reflect the value of these contracts at the close of Platts Here is an example of the assessment process for front-month 80.01 80.02 80.03
assessment processes around the world. NYMEX crude futures at the US close. 80.02 80.01 80.03
Time (ET)
Trades Bid Ask 80.01 80.00 80.03
2:29 80.00 80.00 80.05 2:30 80.03
Platts examines traded levels, bid and offer levels prior to the
80.00 80.01 80.04
close of regional MOCs, and employs the same methodological In this example, the repeatable value for NYMEX crude again was
80.01 80.01 80.03
principles used in its physical assessments - repeatability and 80.01 80.01 80.03 $80.01, and that was the most recent deal immediately prior to
incrementability - when assessing the prevailing value of futures 80.01 80.01 80.03 2:30:00 pm ET. The two deals at $80.04 and $80.05 created gaps
at the close in each region. Platts tracks the movements in the 80.01 80.02 80.03 and did not meet the repeatability standard.
80.02 80.01 80.03
bids and the offers, the spread between the bids and the offers, 80.01 80.00 80.03
and the execution of those trades. 2:30 80.03 The Platts assessment for front-month NYMEX crude futures
value would be $80.01.
Furthermore, Platts analyzes the price trends leading up In this example, repeatable value for NYMEX crude was
to the close, and considers only normal market activity in $80.01, and that was the most recent and representative deal
Futures settlements
the assessment process. This is to ensure that the Platts immediately prior to the close. The $80.03 deal at 2:30 pm ET
assessment reflects a prevailing and representative value at came in right after the 2:30:00 pm ET MOC timestamp, and Platts separately republishes settlements for a number
the close, rather than an unusual trade occurring at that time, would not be considered in the assessment process. of commodity futures contracts from exchanges. These
earlier or later. settlements are clearly labelled as such in Platts publications
The Platts assessment for front-month NYMEX crude futures and are provided for information purposes. The bases of these
For example, there may be a situation where liquidity in the value would be $80.01. settlements are available from the relevant original providers.
third forward month is poor. In that situation, due to lack of
trade in the time leading to the close, the value then may need Here is another example of the assessment process for front-
to be inferred from a spread relationship in the absence of month NYMEX crude futures at the US close.
representative outright traded values. The values published are

© 2022 by S&P Global Inc. All rights reserved. 3

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: CRUDE OIL

ICE Brent Futures at Brent Frontline Derivs Dubai Derivs Oman Derivs NYMEX WTI Futures ICE Brent/NYMEX Brent/Dubai Derivs at ICE Brent/Dubai EFS Oman/Dubai Derivs
1630 Singapore at 1630 Singapore at 1630 Singapore WTI Futures at 1630 1630 Singapore at 1630 Singapore
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels
SETTLEMENT BASIS - Brent Futures Platts Dubai Platts Oman - Brent Futures/NYMEX Brent Frontline Brent Futures/Platts Platts Oman Derivs/
NAME WTI Futures Derivs/Platts Dubai Dubai Derivs Platts Dubai Derivs
Derivs
SETTLEMENT BASIS - XILL001 PCAAT00 PCABS00 - NA (Futures Are NA (Derivs Are NA (Futures/Derivs NA (Derivs Are
CODE Exchanged) Exchanged) Are Exchanged) Exchanged)
Bal Month - - - - - - - - -
M1 XILLA01 BRSSM01 AAHBM00 AAHZP00 XNCLA01 AAIWN01 AAHAI00 DEFSM02 AAIHJ00
M2 XILLA02 BRSSM02 AAHBN00 AAHZR00 XNCLA02 AAIWN02 AAHAJ00 DEFSM03 AAIHL00
M3 AAXZU00 BRSSM03 AAHBO00 AAHZT00 XNCLA03 AAIWN03 AAHAK00 DEFSM04 AAIHN00
M4 AAYAN00 BRSSM04 AAXGR00 XNCLA04 AAIWN04 AAXGN00 DEFSM05
M5 XILLA05 BRSSM05 AAXGS00 AAXGO00 DEFSM06
M6 XILLA06 BRSSM06 AAXGT00 AAXGP00 DEFSM07
M7 XILLA07 BRSSM07 AAXGU00 AAXGQ00 DEFSM08
M8 XILLA08 BRSSM08 DBSSM08 BDSSM08 DEFSM09
M9 XILLA09 BRSSM09 DBSSM09 BDSSM09 DEFSM10
M10 XILLA10 BRSSM10 DBSSM10 BDSSM10 DEFSM11
M11 XILLA11 BRSSM11 DBSSM11 BDSSM11 DEFSM12
M12 XILLA12 BRSSM12 DBSSM12 BDSSM12 DEFSM13
M13 XILLA13 BRSSM13 DBSSM13 BDSSM13
M14 XILLA14 BRSSM14 DBSSM14 BDSSM14
M15 XILLA15 BRSSM15 DBSSM15 BDSSM15
M16 XILLA16 BRSSM16 DBSSM16 BDSSM16
M17 XILLA17 BRSSM17 DBSSM17 BDSSM17
M18 XILLA18 BRSSM18 DBSSM18 BDSSM18
M19 XILLA19 BRSSM19 DBSSM19 BDSSM19
M20 XILLA20 BRSSM20 DBSSM20 BDSSM20
M21 XILLA21 BRSSM21 DBSSM21 BDSSM21
M22 XILLA22 BRSSM22 DBSSM22 BDSSM22
M23 XILLA23 BRSSM23 DBSSM23 BDSSM23
M24 XILLA24 BRSSM24 DBSSM24 BDSSM24
M25 XILLA25 BRSSM25 DBSSM25 BDSSM25
M26 XILLA26 BRSSM26 DBSSM26 BDSSM26
M27 XILLA27 BRSSM27 DBSSM27 BDSSM27
M28 XILLA28 BRSSM28 DBSSM28 BDSSM28
M29 XILLA29 BRSSM29 DBSSM29 BDSSM29
M30 XILLA30 BRSSM30 DBSSM30 BDSSM30
M31 XILLA31 BRSSM31 DBSSM31 BDSSM31
M32 XILLA32 BRSSM32 DBSSM32 BDSSM32
M33 XILLA33 BRSSM33 DBSSM33 BDSSM33

© 2022 by S&P Global Inc. All rights reserved. 4

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: CRUDE OIL

ICE Brent Futures at Brent Frontline Derivs Dubai Derivs Oman Derivs NYMEX WTI Futures ICE Brent/NYMEX Brent/Dubai Derivs at ICE Brent/Dubai EFS Oman/Dubai Derivs
1630 Singapore at 1630 Singapore at 1630 Singapore WTI Futures at 1630 1630 Singapore at 1630 Singapore
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels
SETTLEMENT BASIS - Brent Futures Platts Dubai Platts Oman - Brent Futures/NYMEX Brent Frontline Brent Futures/Platts Platts Oman Derivs/
NAME WTI Futures Derivs/Platts Dubai Dubai Derivs Platts Dubai Derivs
Derivs
SETTLEMENT BASIS - XILL001 PCAAT00 PCABS00 - NA (Futures Are NA (Derivs Are NA (Futures/Derivs NA (Derivs Are
CODE Exchanged) Exchanged) Are Exchanged) Exchanged)
M34 XILLA34 BRSSM34 DBSSM34 BDSSM34
M35 XILLA35 BRSSM35 DBSSM35 BDSSM35
M36 XILLA36 BRSSM36 DBSSM36 BDSSM36
Q1 XILLR01 BRSSQ01 AAHBP00 AAHAL00
Q2 XILLR02 BRSSQ02 AAHBQ00 AAHAM00
Q3 XILLR03 BRSSQ03 AAHBR00 AAHAN00
Q4 XILLR04 BRSSQ04 AAHBS00 AAHAO00
Q5 XILLR05
Q6 XILLR06
Q7 XILLR07
Q8 XILLR08
Q9 XILLR09
Q10 XILLR10
Q11 XILLR11
Q12 XILLR12
YEAR 1 XILLY01 BRSSY01 AAHBV00 AAHAR00
YEAR 2 XILLY02 BRSSY02 AAHBW00 AAHAS00
YEAR 3 XILLY03 BRSSY03 AAVFC00 BDSSY03

ASIA PACIFIC: CRUDE OIL (TIME SPREAD)

ICE Brent Futures Time Spread Brent Derivs Time Spread at 1630 Singapore Dubai Time Spread NYMEX WTI Futures Time Spreads at 1630
Singapore
CURRENCY US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels
SETTLEMENT BASIS NAME - - - -
SETTLEMENT BASIS CODE - - - -
Bal Month - - - -
M1 AAZ0102 BRTSM12 AAHBG00 ABC0102
M2 AAZ0203 BRTSM23 AAHBH00 ABC0203
M3 AAZ0304 BRTSM34 AAHBI00 ABC0304
M4 AAZ0405 BRTSM45 AAHBJ00
M5 AAZ0506 BRTSM56 AAHBK00
M6 AAZ0607 BRTSM67 AAHBL00

© 2022 by S&P Global Inc. All rights reserved. 5

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: CRUDE OIL (TIME SPREAD)

ICE Brent Futures Time Spread Brent Derivs Time Spread at 1630 Singapore Dubai Time Spread NYMEX WTI Futures Time Spreads at 1630
Singapore
CURRENCY US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels
SETTLEMENT BASIS NAME - - - -
SETTLEMENT BASIS CODE - - - -
M7 AAZ0708 BRTSM78 DBTSM45
M8 AAZ0809 BRTSM89 DBTSM56
M9 AAZ0910 BRTSM90 DBTSM67
M10 AAZ1011 BRTSM01 DBTSM78
M11 AAZ1112 BRTSM21 DBTSM89
M12 AAZ1213
M13 AAZ1314
M14 AAZ1415
M15 AAZ1516
M16 AAZ1617
M17 AAZ1718
M18 AAZ1819
M19 AAZ1920
M20 AAZ2021
M21 AAZ2122
M22 AAZ2223
M23 AAZ2324
M24 AAZ2425
M25 AAZ2526
M26 AAZ2627
M27 AAZ2728
M28 AAZ2829
M29 AAZ2930
M30 AAZ3031
M31 AAZ3132
M32 AAZ3233
M33 AAZ3334
M34 AAZ3435
M35 AAZ3536
M36
Q1 ABA0102 BRTSQ12
Q2 ABA0203 BRTSQ23
Q3 ABA0304 BRTSQ34
Q4 ABA0405
Q5 ABA0506
Q6 ABA0607
Q7 ABA0708
Q8 ABA0809
Q9 ABA0910

© 2022 by S&P Global Inc. All rights reserved. 6

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: CRUDE OIL (TIME SPREAD)

ICE Brent Futures Time Spread Brent Derivs Time Spread at 1630 Singapore Dubai Time Spread NYMEX WTI Futures Time Spreads at 1630
Singapore
CURRENCY US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels
SETTLEMENT BASIS NAME - - - -
SETTLEMENT BASIS CODE - - - -
Q10 ABA1011
Q11 ABA1112
Q12
YEAR 1 ABB0102 BRTSY12
YEAR 2 ABB0203 BRTSY23
YEAR 3

ASIA PACIFIC: REFINED OIL PRODUCTS

Saudi CP Singapore 92 Singapore 95 Singapore 92 Singapore Japan Naphtha Naphtha CIF Japan Naphtha Singapore Singapore Jet Singapore Jet Singapore Singapore MFO
Propane Derivs RON Gasoline RON Gasoline Ron Gasoline/ Naphtha MOPS MOPJ Derivs NWE Derivs Derivs vs Gasoil Derivs Kero Derivs Kero/Gasoil 380 CST Fuel 0.5% vs MFO
Derivs Derivs Naphtha MOPS Derivs at 1630 Naphtha CIF Regrade Derivs Oil Derivs vs 0.5% Rotterdam
Reforming Singapore NWE Derivs 3.5% Fuel Oil Barges at 1630
Spread Derivs Rotterdam Singapore
Barges at 1630
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Metric Tons Barrels Barrels Barrels Barrels Metric Tons Metric Tons Metric Tons Barrels Barrels Barrels Metric Tons Metric Tons
BASIS NAME Saudi Aramco Singapore 92 Singapore 95 Reforming Naphtha FOB Naphtha C+F Naphtha CIF Naphtha C+F Gasoil FOB Jet Kero FOB Regrade Jet FO 380 CST MFO 0.5%S FOB
Propane CP RON Gasoline RON Gasoline Spread Derivs Spore Cargo Japan Cargo NWE Cargo Japan Cargo/ Spore Cargo Spore Cargo Gasoil Spore 3.5%S FOB Spore Spore Cargo/
Naphtha CIF Derivs Cargo/FO 3.5%S MFO 0.5%S FOB
NWE Cargo FOB Rdam Barge Rdam Barge
BASIS CODE PTAAM10 PGAEY00 PGAEZ00 - PAAAP00 PAAAD00 PAAAL00 NA (Derivs Are POABC00 PJABF00 PJABF00/ NA (Derivs Are NA (Derivs Are
Exchanged) POABC00 Exchanged) Exchanged)
Bal Month - AAXEK00 AGUMB00 AAXEN00 AAPLD00 RAXFM00 - - AAPLF00 AAPLE00 RJGSBAL
M1 AAHHG00 AAXEL00 AGUMM01 AAXEO00 PAAAQ00 AAXFE00 DAYAP00 DAYAM00 POAFC00 PJABS00 RJGSM01 FOCRA01 MFCRA01
M2 AAHHH00 AAXEM00 AGUMM02 AAXEP00 PAAAR00 AAXFF00 DAYAQ00 DAYAN00 POAFG00 PJABT00 RJGSM02 FOCRA02 MFCRA02
M3 AAHHI00 AAXEM30 AAXEP30 AAHHU00 AAXFG00 DAYAR00 DAYAO00 AAHDZ00 AAHGS00 RJGSM03 FOCRA03 MFCRA03
M4 AAXEM04 AAXRM04 AAWIY00 DAXFH00 AAHEA00 AAHGT00 RJGSM04 FOCRA04 MFCRA04
M5 AAXEM05 AAXRM05 NASSM05 DAXFI00 AAXHW00 AAXIC00 RJGSM05 FOCRA05 MFCRA05
M6 AAXEM06 AAXRM06 NASSM06 DAXFJ00 AAXHX00 AAXID00 RJGSM06 FOCRA06 MFCRA06
M7 AAXEM07 AAXRM07 NASSM07 DAXFK00 AAXHY00 AAXIE00 RJGSM07 FOCRA07 MFCRA07
M8 AAXEM08 AAXRM08 NASSM08 DAXFL00 GOSSM08 JKSSM08 RJGSM08 FOCRA08 MFCRA08
M9 AAXEM09 AAXRM09 NASSM09 DAXFM00 GOSSM09 JKSSM09 RJGSM09 FOCRA09 MFCRA09
M10 AAXEM10 AAXRM10 NASSM10 DAXFN00 GOSSM10 JKSSM10 RJGSM10 FOCRA10 MFCRA10
M11 AAXEM11 AAXRM11 NASSM11 DAXFO00 GOSSM11 JKSSM11 RJGSM11 FOCRA11 MFCRA11
M12 AAXEM12 AAXRM12 NASSM12 DAXFP00 GOSSM12 JKSSM12 RJGSM12 FOCRA12 MFCRA12
M13
M14
M15

© 2022 by S&P Global Inc. All rights reserved. 7

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS

Saudi CP Singapore 92 Singapore 95 Singapore 92 Singapore Japan Naphtha Naphtha CIF Japan Naphtha Singapore Singapore Jet Singapore Jet Singapore Singapore MFO
Propane Derivs RON Gasoline RON Gasoline Ron Gasoline/ Naphtha MOPS MOPJ Derivs NWE Derivs Derivs vs Gasoil Derivs Kero Derivs Kero/Gasoil 380 CST Fuel 0.5% vs MFO
Derivs Derivs Naphtha MOPS Derivs at 1630 Naphtha CIF Regrade Derivs Oil Derivs vs 0.5% Rotterdam
Reforming Singapore NWE Derivs 3.5% Fuel Oil Barges at 1630
Spread Derivs Rotterdam Singapore
Barges at 1630
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Metric Tons Barrels Barrels Barrels Barrels Metric Tons Metric Tons Metric Tons Barrels Barrels Barrels Metric Tons Metric Tons
BASIS NAME Saudi Aramco Singapore 92 Singapore 95 Reforming Naphtha FOB Naphtha C+F Naphtha CIF Naphtha C+F Gasoil FOB Jet Kero FOB Regrade Jet FO 380 CST MFO 0.5%S FOB
Propane CP RON Gasoline RON Gasoline Spread Derivs Spore Cargo Japan Cargo NWE Cargo Japan Cargo/ Spore Cargo Spore Cargo Gasoil Spore 3.5%S FOB Spore Spore Cargo/
Naphtha CIF Derivs Cargo/FO 3.5%S MFO 0.5%S FOB
NWE Cargo FOB Rdam Barge Rdam Barge
BASIS CODE PTAAM10 PGAEY00 PGAEZ00 - PAAAP00 PAAAD00 PAAAL00 NA (Derivs Are POABC00 PJABF00 PJABF00/ NA (Derivs Are NA (Derivs Are
Exchanged) POABC00 Exchanged) Exchanged)
M16
M17
M18
M19
M20
M21
M22
M23
M24
M25
M26
M27
M28
M29
M30
M31
M32
M33
M34
M35
M36
Q01 AAHHJ00 AATEQ01 AATRQ01 AAHHV00 DAXGP00 AAHEB00 AAHGU00 RJGSQ01
Q02 - AATEQ02 AATRQ02 AAHHW00 DAXHP00 AAHEC00 AAHGV00 RJGSQ02
Q03 - AATEQ03 AATRQ03 AAWIZ00 DAXIP00 AAHED00 AAHGW00 RJGSQ03
Q04 - AATEQ04 AATRQ04 NASSQ04 - AAHEE00 AAHGX00 RJGSQ04
Q05
Q06
Q07
Q08
Q09
Q10
Q11
Q12
Y01
Y02
Y03

© 2022 by S&P Global Inc. All rights reserved. 8

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS

ICE Gasoil Futures Platts ICE Gasoil ICE Gasoil EFS at Platts ICE Gasoil Singapore 180 CST Singapore 380 CST Viscosity Spread Singapore Marine 3.5% Fuel Oil FOB Singapore 180 CST
at 4:30 pm Frontline Derivs at 1630 Singapore ESS at 1630 Fuel Oil Derivs Fuel Oil Derivs Singapore 180/380 Fuel 0.5% Derivs ARA Barge Derivs at Fuel Oil Derivs
Singapore 1630 Singapore Singapore Fuel Oil Derivs 1630 Singapore vs 3.5% Fuel Oil
Rotterdam Barges
at 1630 Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
BASIS NAME ICE Gasoil futures ICE Gasoil Futures ICE Gasoil Futures FO 180 CST 3.5%S FO 380 CST 3.5%S Viscosity Spread FOB Singapore FO 3.5%S FOB FO 180 CST 3.5%S
at 4:30 pm at 4:30 pm FOB Spore Cargo FOB Spore Cargo FOB Singapore Marine Fuel 0.5% Rdam Barge FOB Spore Cargo/
Singapore Singapore/Gasoil FO 3.5%S FOB
FOB Spore Cargo Rdam Barge
BASIS CODE ICLO001 AAQYM01 AAQYM01/POABC00 AAQYM01/POABC00 PUADV00 PPXDK00 - AMFSA00 PUABC00 NA (Derivs Are
Exchanged)
Bal Month - AAQTX00 - AAPML00 AAPKB00 - FOFS000 - -
M1 AAQYM01 AAQAM01 AAQTY00 AAQXM01 PUAXZ00 AAPKC00 AAVFL00 FOFS001 AAEI001 F1SEW01
M2 AAQYM02 AAQAM02 AAQTZ00 AAQXM02 PUAYF00 AAPKD00 AAVFM00 FOFS002 AAEI002 F1SEW02
M3 AAQYM03 AAQAM03 AAQSM03 AAQXM03 AAHDB00 AAVFF00 AAVFN00 FOFS003 AAEI003 F1SEW03
M4 AAQYM04 AAQAM04 AAQSM04 AAQXM04 AAHDC00 AAVFG00 AAVFO00 FOFS004 AAEI004 F1SEW04
M5 AAQYM05 AAQAM05 AAQSM05 AAQXM05 AAXHP00 AAXGH00 AAXII00 FOFS005 AAEI005 F1SEW05
M6 AAQYM06 AAQAM06 AAQSM06 AAQXM06 AAXHR00 AAXGI00 AAXIJ00 FOFS006 AAEI006 F1SEW06
M7 AAQYM07 AAQAM07 AAQSM07 AAQXM07 AAXHS00 AAXGJ00 AAXIK00 FOFS007 AAEI007 F1SEW07
M8 AAQYM08 AAQAM08 AAQSM08 AAQXM08 F1SSM08 F3SSM08 VSSSM08 FOFS008 AAEI008 F1SEW08
M9 AAQYM09 AAQAM09 AAQSM09 AAQXM09 F1SSM09 F3SSM09 VSSSM09 FOFS009 AAEI009 F1SEW09
M10 AAQYM10 AAQAM10 AAQSM10 AAQXM10 F1SSM10 F3SSM10 VSSSM10 FOFS010 AAEI010 F1SEW10
M11 AAQYM11 AAQAM11 AAQSM11 AAQXM11 F1SSM11 F3SSM11 VSSSM11 FOFS011 AAEI011 F1SEW11
M12 AAQYM12 AAQAM12 AAQSM12 AAQXM12 F1SSM12 F3SSM12 VSSSM12 FOFS012 AAEI012 F1SEW12
M13 AAQYM13
M14 AAQYM14
M15 AAQYM15
M16 AAQYM16
M17 AAQYM17
M18 AAQYM18
M19 AAQYM19
M20 AAQYM20
M21 AAQYM21
M22 AAQYM22
M23 AAQYM23
M24 AAQYM24
M25 AAQYM25
M26 AAQYM26
M27 AAQYM27
M28 AAQYM28
M29 AAQYM29
M30 AAQYM30
M31 AAQYM31
M32 AAQYM32
M33 AAQYM33
M34 AAQYM34
M35 AAQYM35

© 2022 by S&P Global Inc. All rights reserved. 9

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS

ICE Gasoil Futures Platts ICE Gasoil ICE Gasoil EFS at Platts ICE Gasoil Singapore 180 CST Singapore 380 CST Viscosity Spread Singapore Marine 3.5% Fuel Oil FOB Singapore 180 CST
at 4:30 pm Frontline Derivs at 1630 Singapore ESS at 1630 Fuel Oil Derivs Fuel Oil Derivs Singapore 180/380 Fuel 0.5% Derivs ARA Barge Derivs at Fuel Oil Derivs
Singapore 1630 Singapore Singapore Fuel Oil Derivs 1630 Singapore vs 3.5% Fuel Oil
Rotterdam Barges
at 1630 Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
BASIS NAME ICE Gasoil futures ICE Gasoil Futures ICE Gasoil Futures FO 180 CST 3.5%S FO 380 CST 3.5%S Viscosity Spread FOB Singapore FO 3.5%S FOB FO 180 CST 3.5%S
at 4:30 pm at 4:30 pm FOB Spore Cargo FOB Spore Cargo FOB Singapore Marine Fuel 0.5% Rdam Barge FOB Spore Cargo/
Singapore Singapore/Gasoil FO 3.5%S FOB
FOB Spore Cargo Rdam Barge
BASIS CODE ICLO001 AAQYM01 AAQYM01/POABC00 AAQYM01/POABC00 PUADV00 PPXDK00 - AMFSA00 PUABC00 NA (Derivs Are
Exchanged)
M36 AAQYM36
Q01 AAQZQ01 AARZQ01 AAQUQ01 AAQXQ01 AAHDD00 AAVFH00 AAVFP00 FOFSQ01
Q02 AAQZQ02 AARZQ02 AAQUQ02 AAQXQ02 AAHDE00 AAVFJ00 AAVFQ00 FOFSQ02
Q03 AAQZQ03 AARZQ03 AAQUQ03 AAQXQ03 AAHDF00 AAVFT00 AAVFR00 FOFSQ03
Q04 AAQZQ04 AAHDG00 AAVFK00 AAVFS00 FOFSQ04
Q05 AAQZQ05
Q06 AAQZQ06
Q07 AAQZQ07
Q08 AAQZQ08
Q09 AAQZQ09
Q10 AAQZQ10
Q11 AAQZQ11
Q12 AAQZQ12
Y01 AARCY01
Y02 AARCY02
Y03 AARCY03

© 2022 by S&P Global Inc. All rights reserved. 10

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS

MOPAG Gasoline 92 Unl MOPAG Gasoline 95 Unl MOPAG Naphtha Derivs MOPAG Jet Kero Derivs MOPAG Gasoil Derivs MOPAG 180CST Fuel Oil MOPAG 380CST Fuel Oil FOB Fujairah Marine
Derivs Derivs Derivs SGT 1730hrs Derivs Fuel 0.5% Derivs
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Metric Tons Barrels Barrels Metric Tons Metric Tons Metric Tons
BASIS NAME FOB Arab Gulf 92 RON FOB Arab Gulf 95 RON FOB Arab Gulf Naphtha FOB Arab Gulf Jet Kero Gasoil FOB Arab Gulf FO 180 CST High Sulfur FO 380 CST High Sulfur FOB Fujairah Marine
Gasoline Gasoline Cargo Cargo FOB Arab Gulf FOB Arab Gulf Fuel 0.5%

BASIS CODE AAGJA00 AAICY00 PAAAA00 PJAAA00 POAAT00 PUABE00 AAIDC00 AMFFA00
Bal Month RAGFM00 AFUIM00 NAGFM00 AFUAM00 AFUJM00 AADZB00 AFURM00 FOFF000
M1 RAGFM01 AFUIM01 NAGFM01 AFUAM01 AFUJM01 AADZM01 AFURM01 FOFF001
M2 RAGFM02 AFUIM02 NAGFM02 AFUAM02 AFUJM02 AADZM02 AFURM02 FOFF002
M3
M4
M5
M6
M7
M8
M9
M10
M11
M12
M13
M14
M15
M16
M17
M18
M19
M20
M21
M22
M23
M24
M25
M26
M27
M28
M29
M30
M31
M32
M33
M34
M35
M36
Q01
Q02
Q03
Q04
Q05
Q06
Q07
Q08
Q09
Q10
Q11
Q12
Y01
Y02
Y03

© 2022 by S&P Global Inc. All rights reserved. 11

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS (TIME SPREAD)

Singapore 92 Singapore Japan Naphtha Singapore Singapore Jet ICE Gasoil Platts ICE Gasoil Singapore 180 Singapore 380 Singapore FOB Fujairah 3.5% Fuel Oil
RON Gasoline Naphtha MOPS MOPJ Derivs Gasoil Derivs Kero Derivs Futures Time Frontline Derivs CST Fuel Oil CST Fuel Oil Marine Fuel Marine Fuel FOB ARA Barge
Derivs Time Derivs Time Time Spread Time Spread Time Spread Spread at 1630 Time Spread at Derivs Time Derivs Time 0.5% Derivs 0.5% Derivs Derivs Time
Spread Spread Singapore 1630 Singapore Spread Spread Time Spread Time Spread Spreads at 1630
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Metric Tons Barrels Barrels Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
BASIS NAME - - - - - - - - -
BASIS CODE - - - - - - - - -
Bal Month - - - - - - - - -
M1 AAE0102 AAJTE00 DAM0102 AAHEH00 AAHHA00 ABM0102 ACM0102 AAHDJ00 AAWGS00 FSM0102 FFM0102 F1S0102
M2 AAE0203 AAJTF00 DAM0203 AAHEI00 AAHHB00 ABM0203 ACM0203 AAHDK00 AAWGT00 FSM0203 F1S0203
M3 AAE0304 AAJTG00 DAM0304 AAHEJ00 AAHHC00 ABM0304 ACM0304 AAHDL00 AAWGU00 FSM0304 F1S0304
M4 AAE0405 NATSM45 DAM0405 AAXHZ00 AAXIF00 ABM0405 ACM0405 AAXHT00 AAXGK00 FSM0405 F1S0405
M5 AAE0506 NATSM56 DAM0506 AAXIA00 AAXIG00 ABM0506 ACM0506 AAXHU00 AAXGL00 FSM0506 F1S0506
M6 AAE0607 NATSM67 DAM0607 AAXIB00 AAXIH00 ABM0607 ACM0607 AAXHV00 AAXGM00 FSM0607 F1S0607
M7 AAE0708 NATSM78 DAM0708 GOTSM78 JKTSM78 ABM0708 ACM0708 F1TSM78 F3TSM78 FSM0708 F1S0708
M8 AAE0809 NATSM89 DAM0809 GOTSM89 JKTSM89 ABM0809 ACM0809 F1TSM89 F3TSM89 FSM0809 F1S0809
M9 AAE0910 NATSM09 DAM0910 GOTSM90 JKTSM90 ABM0910 ACM0910 F1TSM90 F3TSM90 FSM0910 F1S0910
M10 AAE1011 NATSM10 DAM1011 GOTSM01 JKTSM01 ABM1011 ACM1011 F1TSM01 F3TSM01 FSM1011 F1S1011
M11 AAE1112 NATSM11 DAM1112 GOTSM21 JKTSM21 ABM1112 ACM1112 F1TSM21 F3TSM21 FSM1112 F1S1112
M12 ABM1213
M13 ABM1314
M14 ABM1415
M15 ABM1516
M16 ABM1617
M17 ABM1718
M18 ABM1819
M19 ABM1920
M20 ABM2021
M21 ABM2122
M22 ABM2223
M23 ABM2324
M24 ABM2425
M25 ABM2526
M26 ABM2627
M27 ABM2728
M28 ABM2829
M29 ABM2930
M30 ABM3031
M31 ABM3132
M32 ABM3233
M33 ABM3334
M34 ABM3435

© 2022 by S&P Global Inc. All rights reserved. 12

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS (TIME SPREAD)

Singapore 92 Singapore Japan Naphtha Singapore Singapore Jet ICE Gasoil Platts ICE Gasoil Singapore 180 Singapore 380 Singapore FOB Fujairah 3.5% Fuel Oil
RON Gasoline Naphtha MOPS MOPJ Derivs Gasoil Derivs Kero Derivs Futures Time Frontline Derivs CST Fuel Oil CST Fuel Oil Marine Fuel Marine Fuel FOB ARA Barge
Derivs Time Derivs Time Time Spread Time Spread Time Spread Spread at 1630 Time Spread at Derivs Time Derivs Time 0.5% Derivs 0.5% Derivs Derivs Time
Spread Spread Singapore 1630 Singapore Spread Spread Time Spread Time Spread Spreads at 1630
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Metric Tons Barrels Barrels Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
BASIS NAME - - - - - - - - -
BASIS CODE - - - - - - - - -
M35 ABM3536
M36
Q01 AAR0102 AAJTH00 DAQ0102 AAHEK00 AAHHD00 ABQ0102 ACQ0102 AAHDM00 AAWGV00 FSQ0102
Q02 AAR0203 AAJTI00 DAQ0203 AAHEL00 AAHHE00 ABQ0203 ACQ0203 AAHDN00 AAWGW00 FSQ0203
Q03 AAR0304 NATSQ34 AAHEM00 AAHHF00 ABQ0304 AAHDO00 AAWGX00 FSQ0304
Q04 ABQ0405
Q05 ABQ0506
Q06 ABQ0607
Q07 ABQ0708
Q08 ABQ0809
Q09 ABQ0910
Q10 ABQ1011
Q11 ABQ1112
Q12
Y01 ABY0102
Y02 ABY0203
Y03

© 2022 by S&P Global Inc. All rights reserved. 13

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS (CRACK SPREAD)

Singapore Singapore Naphtha Naphtha Naphtha Naphtha Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore 3.5% Fuel
92 RON 92 RON MOPS/Dubai MOPS/Brent MOPJ/Dubai MOPJ/Brent Gasoil/Dubai Gasoil/Brent Jet Kero/ Jet Kero/ 180 CST Fuel 180 CST Fuel 380 CST Fuel 380 CST Fuel Oil FOB ARA
Gasoline/ Gasoline/ Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Dubai Crack Brent Crack Oil /Dubai Oil /Brent Oil /Dubai Oil /Brent Barge/Brent
Dubai Crack Brent Crack Derivs Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs
Derivs Derivs at 1630
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
BASIS NAME Gasoline 92 Gasoline 92 Naphtha Naphtha Naphtha Naphtha Gasoil Dubai Gasoil Brent Jet Kero Jet Kero 180 CST Fuel 180 CST Fuel 380 CST Fuel 380 CST Fuel 3.5% Fuel
RON FOB RON FOB Spore Dubai Spore Brent Japan Dubai Japan Brent Crack Derivs Crack Derivs Dubai Crack Brent Crack Oil Dubai Oil Brent Oil Dubai Oil Brent Oil FOB
Singapore Singapore Crack Derivs Crack Derivs Crack Derivs Crack Derivs Derivs Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs ARA Barge
Dubai Crack Brent Crack Crack Derivs
Derivs Derivs at 1630
Singapore
BASIS CODE - - - - - - - - - - - - - - -
Bal Month - - - - - - - - - - - - - - -
M1 AAYED00 AAYEH00 AAHCS00 NBSSM01 AAVUD00 AAVUA00 AAHCE00 GBSCM01 AAHCL00 JBSCM01 AAHBX00 F1BCM01 AAWHA00 F3BCM01 F1SBR01
M2 AAYEE00 AAYEI00 AAHCT00 NBSSM02 AAVUE00 AAVUB00 AAHCF00 GBSCM02 AAHCM00 JBSCM02 AAHBY00 F1BCM02 AAWHB00 F3BCM02 F1SBR02
M3 AAYEE50 AAYEJ00 AAHCU00 NBSSM03 AAVUF00 AAVUC00 AAHCG00 GBSCM03 AAHCN00 JBSCM03 AAHBZ00 F1BCM03 AAWHC00 F3BCM03 F1SBR03
M4 AAYEM04 AAYE204 AAXHO00 NBSSM04 DAXFZ00 DAXFQ00 AAXGZ00 GBSCM04 AAXHD00 JBSCM04 AAXGV00 F1BCM04 AAXGD00 F3BCM04 F1SBR04
M5 AAYEM05 AAYE205 NDCSM05 NBSSM05 DAXGA00 DAXFR00 AAXHA00 GBSCM05 AAXHE00 JBSCM05 AAXGW00 F1BCM05 AAXGE00 F3BCM05 F1SBR05
M6 AAYEM06 AAYE206 NDCSM06 NBSSM06 DAXGB00 DAXFS00 AAXHB00 GBSCM06 AAXHM00 JBSCM06 AAXGX00 F1BCM06 AAXGF00 F3BCM06 F1SBR06
M7 AAYEM07 AAYE207 NDCSM07 NBSSM07 DAXGC00 DAXFT00 AAXHC00 GBSCM07 AAXHN00 JBSCM07 AAXGY00 F1BCM07 AAXGG00 F3BCM07 F1SBR07
M8 AAYEM08 AAYE208 NDCSM08 NBSSM08 DAXGD00 DAXFU00 GODCM08 GBSCM08 JDCSM08 JBSCM08 F1DCM08 F1BCM08 F3DCM08 F3BCM08 F1SBR08
M9 AAYEM09 AAYE209 NDCSM09 NBSSM09 DAXGE00 DAXFV00 GODCM09 GBSCM09 JDCSM09 JBSCM09 F1DCM09 F1BCM09 F3DCM09 F3BCM09 F1SBR09
M10 AAYEM10 AAYE210 NDCSM10 NBSSM10 DAXGF00 DAXFW00 GODCM10 GBSCM10 JDCSM10 JBSCM10 F1DCM10 F1BCM10 F3DCM10 F3BCM10 F1SBR10
M11 AAYEM11 AAYE211 NDCSM11 NBSSM11 DAXGG00 DAXFX00 GODCM11 GBSCM11 JDCSM11 JBSCM11 F1DCM11 F1BCM11 F3DCM11 F3BCM11 F1SBR11
M12 AAYEM12 AAYE212 NDCSM12 NBSSM12 DAXGH00 DAXFY00 GODCM12 GBSCM12 JDCSM12 JBSCM12 F1DCM12 F1BCM12 F3DCM12 F3BCM12 F1SBR12
M13
M14
M15
M16
M17
M18
M19
M20
M21
M22
M23
M24
M25
M26
M27
M28
M29
M30
M31
M32
M33
M34
M35

© 2022 by S&P Global Inc. All rights reserved. 14

Specifications Guide Global Platts Forward Curve Products: August 2022

ASIA PACIFIC: REFINED OIL PRODUCTS (CRACK SPREAD)

Singapore Singapore Naphtha Naphtha Naphtha Naphtha Singapore Singapore Singapore Singapore Singapore Singapore Singapore Singapore 3.5% Fuel
92 RON 92 RON MOPS/Dubai MOPS/Brent MOPJ/Dubai MOPJ/Brent Gasoil/Dubai Gasoil/Brent Jet Kero/ Jet Kero/ 180 CST Fuel 180 CST Fuel 380 CST Fuel 380 CST Fuel Oil FOB ARA
Gasoline/ Gasoline/ Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Dubai Crack Brent Crack Oil /Dubai Oil /Brent Oil /Dubai Oil /Brent Barge/Brent
Dubai Crack Brent Crack Derivs Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs
Derivs Derivs at 1630
Singapore
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
BASIS NAME Gasoline 92 Gasoline 92 Naphtha Naphtha Naphtha Naphtha Gasoil Dubai Gasoil Brent Jet Kero Jet Kero 180 CST Fuel 180 CST Fuel 380 CST Fuel 380 CST Fuel 3.5% Fuel
RON FOB RON FOB Spore Dubai Spore Brent Japan Dubai Japan Brent Crack Derivs Crack Derivs Dubai Crack Brent Crack Oil Dubai Oil Brent Oil Dubai Oil Brent Oil FOB
Singapore Singapore Crack Derivs Crack Derivs Crack Derivs Crack Derivs Derivs Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs ARA Barge
Dubai Crack Brent Crack Crack Derivs
Derivs Derivs at 1630
Singapore
BASIS CODE - - - - - - - - - - - - - - -
M36
Q01 AAYEQ01 AAYGQ01 AAHCV00 NBSSQ01 AAHCH00 GBSCQ01 AAHCO00 JBSCQ01 AAHCA00 F1BCQ01 AAWHH00 F3BCQ01
Q02 AAYEQ02 AAYGQ02 AAHCW00 NBSSQ02 AAHCI00 GBSCQ02 AAHCP00 JBSCQ02 AAHCB00 F1BCQ02 AAWHI00 F3BCQ02
Q03 AAYEQ03 AAYGQ03 AAHCX00 NBSSQ03 AAHCJ00 GBSCQ03 AAHCQ00 JBSCQ03 AAHCC00 F1BCQ03 AAWHJ00 F3BCQ03
Q04 AAYEQ04 AAYGQ04 AAHCY00 NBSSQ04 AAHCK00 GBSCQ04 AAHCR00 JBSCQ04 AAHCD00 F1BCQ04 AAWHO00 F3BCQ04
Q05
Q06
Q07
Q08
Q09
Q10
Q11
Q12
Y01
Y02
Y03

Asia Pacific the tradable and repeatable value of Brent futures for the front The 16:30 Singapore time futures assessments are evaluated
36 months, 12 quarters and three years exactly at that time. at this time to ensure that Brent futures or those assessments
In Asia, PFC oil assessments reflect a Market on Close value at Platts uses all information available to assess outright futures linked to futures values are in line with all other timestamps
16:30 Singapore time for all published forward curves, except prices at 16:30 Singapore time, including both outright price and across Platts crude and refined products assessments. The Brent
where otherwise noted. time spread information. Further to this, Platts reporters look contract traded on the ICE platform settles at a different time.
at current market trends in the immediate period before and
after 16:30. This is to ensure that the Platts assessment reflects Platts 16:30 assessments of Brent futures are incorporated into
Crude oil
a prevailing and representative value at 16:30 rather than an the Brent frontline derivative calculations.
Singapore 16:30 Platts assessment for ICE Brent futures: Platts unusual trade occurring at that time or earlier. This is of critical
assesses on a daily basis the prevailing value of ICE Brent importance when liquidity is reduced. Singapore 16:30 Platts assessment for NYMEX WTI futures:
futures at 16:30 Singapore time. Platts assessments reflect Platts assesses on a daily basis the prevailing value of NYMEX

© 2022 by S&P Global Inc. All rights reserved. 15

Specifications Guide Global Platts Forward Curve Products: August 2022

light sweet crude futures at 16:30 Singapore time. Platts ICE Brent futures derivatives to exchange their position for a Arab Gulf Marketscan. Platts publishes 12 forward months, and
assessments reflect the tradable and repeatable value of forward month Dubai crude derivative, similar to the Brent EFP three forward quarters for this forward curve.
WTI futures for the front four months at that time. Platts uses (where parties convert a futures position into a Brent forward
all information available to assess outright futures prices at or physical cargo) and a Brent/Dubai EFS (where parties trade On September 2, 2019, Platts launched Singapore 95 RON
16:30 Singapore time. Platts editorial team reviews all relevant a Brent futures contract for a Dubai derivative). In a Brent/ gasoline derivatives that settle against the Platts FOB Singapore
electronic data. Dubai derivative, the Brent derivative position is converted into 95 RON gasoline assessments as published in the Platts Asia-
a Dubai monthly derivative, plus the seller receives a premium Pacific/Arab Gulf Marketscan. Gasoline derivatives typically
Singapore 16:30 Platts assessment for ICE Brent futures for the quality spread. Platts assesses the first 36 months, four trade in 1 cent/barrel increments. The Singapore gasoline paper
vs NYMEX WTI futures spreads: Platts publishes ICE Brent quarters and three years of Brent/Dubai derivatives. Platts also assessments reflect paper transactions of a minimum of 25,000
and NYMEX WTI crude futures spread assessments at 16:30 assesses the first 12 months of Brent/Dubai EFS. barrels. Platts publishes 3 forward months, which includes
Singapore time based on flat price assessments for four forward Balance Month, Month 1 and Month 2.
months. Oman/Dubai derivatives: This enables holders of Oman crude
derivatives to exchange their position for a forward month The MOPAG 95 RON gasoline derivatives settle against Platts
Brent frontline derivatives: Brent frontline derivatives are Dubai crude derivative. These are calendar month, derivative- MOPAG 95 RON gasoline netback assessments as published in
calendar month derivatives that settle using the ICE Brent derivative markets. In an Oman/Dubai derivative, the Oman the Platts Asia-Pacific/Arab Gulf Marketscan. Platts publishes
futures contract. The derivative is financially settled using the derivative position is converted into a Dubai monthly derivative, balance month, Month 1 and Month 2 assessments for MOPAG
closing price on each day of the month, for whichever futures plus the seller receives a premium for the quality spread. Platts 95 RON gasoline derivatives.
contract is most prompt on each day. Platts publishes the front publishes three forward months for this derivatives assessment.
36 months, four quarters and three years of frontline Brent On September 1, 2020, Platts launched MOPAG 92 RON gasoline
derivatives in Asia. derivatives that settle against the Platts MOPAG 92 RON
Refined oil products
gasoline netback assessments as published in the Platts Asia-
Dubai derivatives: The Dubai derivatives market is often used to Saudi CP propane derivatives: Saudi CP propane derivatives Pacific/Arab Gulf Marketscan. Platts publishes Balance Month,
hedge heavy, medium sour crude cargoes from the Middle East settle against the Contract Price set for each month by Saudi Month 1 and Month 2 assessments for MOPAG 92 RON gasoline
and Russia’s Far East. Dubai derivatives are settled against the Aramco. The Saudi CP, which determines the value of all derivatives.
average of Platts front-month spot Dubai crude assessments as propane to be lifted each month on a FOB basis by its long term
published in the Platts Crude Oil Marketwire. The Dubai paper customers, is set only once a month, and is usually announced Naphtha: MOPS naphtha derivatives settle against Platts FOB
assessment reflects paper transactions of a minimum of 50,000 on the last Saudi business day of the month prior to coming into Singapore naphtha assessments (often referred to as the Mean
barrels. Platts publishes the front 36 months, four quarters and effect. of Platts Singapore, or MOPS) as published in the Asia-Pacific/
three years of Dubai derivatives in Asia. Arab Gulf Marketscan. Naphtha derivatives typically trade
Gasoline: Singapore 92 RON gasoline derivatives settle in 1 cent/barrel increments. The Singapore naphtha paper
Oman derivatives: The Oman derivatives market is often used to against Platts FOB Singapore 92 RON gasoline assessments assessments reflect paper transactions of a minimum of 50,000
hedge heavy, medium sour crude cargoes from the Middle East. as published in the Platts Asia-Pacific/Arab Gulf Marketscan. barrels. Platts publishes 12 forward months and four forward
Oman derivatives are settled against the average of Platts front- Gasoline derivatives typically trade in 1 cent/barrel increments. quarters for this forward curve.
month spot Oman crude assessments as published in the Platts The Singapore gasoline paper assessments reflect paper
Crude Oil Marketwire. The Oman paper assessment reflects transactions of a minimum of 25,000 barrels. Platts also MOPJ naphtha derivatives settle against Platts C+F Japan
paper transactions of a minimum of 50,000 barrels. Platts assesses gasoline/naphtha derivatives, also known as the naphtha assessments (often referred to as the Mean of Platts
publishes three forward months for this derivatives assessment. Reforming Derivative. These settle against the difference Japan, or MOPJ) as published in the Asia-Pacific/Arab Gulf
between the FOB Singapore gasoline and FOB Singapore Marketscan. Naphtha derivatives typically trade in 25 cents /
Brent/Dubai derivatives: This enables holders of frontline naphtha assessments as published in the Platts Asia-Pacific/ mt increments. The Japan naphtha paper assessments reflect

© 2022 by S&P Global Inc. All rights reserved. 16

Specifications Guide Global Platts Forward Curve Products: August 2022

paper transactions of a minimum of 5,000 mt. Platts publishes These derivatives assessments settle against the Platts MOPAG ICE Gasoil/Singapore 10 ppm Gasoil EFS (Exchange of Futures
Balance Month, 12 forward months, and three forward quarters Gasoil and Platts MOPAG jet fuel netback assessments as for Swaps): This enables holders of a FOB Singapore Gasoil
for this forward curve. published in the Platts Asia-Pacific/Arab Gulf Marketscan. derivative, converted into $/mt using a conversion rate of 7.45,
for an ICE Gasoil futures contract plus a differential. Platts
On September 1, 2020, Platts launched MOPAG naphtha Singapore 16:30 Platts assessment for ICE gasoil futures: publishes 12 forward months and three quarters for this forward
derivatives that settle against the Platts MOPAG naphtha Platts assesses on a daily basis the prevailing value of ICE curve.
netback assessments as published in the Platts Asia-Pacific/ gasoil futures at 16:30 Singapore time. Platts assessments
Arab Gulf Marketscan. Platts publishes Balance Month, Month 1 reflect the tradable and repeatable value of gasoil futures ICE Gasoil/Singapore 10 ppm Gasoil ESS (Exchange of Swaps
and Month 2 assessments for MOPAG naphtha derivatives. for the front 36 months exactly at that time. Platts uses all for Swaps): This enables holders of a FOB Singapore Gasoil
information available to assess outright futures prices at 16:30 derivative, converted into $/mt using a conversion rate of 7.45,
MOPJ/CIF NWE derivatives settle against Platts CIF Northwest Singapore time, including both outright price and time spread for an ICE Gasoil Frontline derivative position plus a differential.
Europe naphtha assessments (often referred to as CIF NWE) information. Further to this, Platts reporters look at current Platts publishes 12 forward months and three quarters for this
as published in the European Marketscan. Naphtha derivatives market trends in the immediate period before and after 16:30. forward curve.
typically trade in 25 cents/mt increments. The MOPJ/CIF NWE This is to ensure that the Platts assessment reflects a prevailing
naphtha paper assessments reflect paper transactions of a and representative value at 16:30 rather than an unusual trade Fuel oil derivatives: Singapore high sulfur 180 centistoke fuel
minimum of 5,000 mt. Platts publishes three forward months for occurring at that time or earlier. This is of critical importance oil derivatives and high sulfur 380 CST fuel oil derivatives are
this forward curve. when liquidity is reduced. settled against the FOB Singapore 180 CST and FOB Singapore
380 CST fuel oil assessments respectively as published in
Middle Distillates: Singapore gasoil and jet fuel/kerosene The 16:30 Singapore time futures assessments are evaluated the Platts Asia-Pacific/Arab Gulf Marketscan. The 180 CST
derivatives settle against Platts FOB Singapore Gasoil and at this time to ensure that gasoil futures or those assessments and 380 CST fuel oil derivatives typically trade in 5 cents/mt
FOB Singapore jet fuel/kerosene assessments as published in linked to futures values are in line with all other timestamps increments. The Singapore fuel oil paper assessments reflect
the Platts Asia-Pacific/Arab Gulf Marketscan. Both products across Platts crude and refined products assessments. The paper transactions of a minimum of 5,000 mt. Platts publishes
typically trade in 1 cent/barrel increments. FOB Singapore Gasoil gasoil contract traded on the ICE platform settles at a different derivatives assessments for balance month, 12 subsequent
currently reflects maximum 0.001% (10 ppm) sulfur content. time. months, inter-month spreads and four quarters from the month
The Singapore gasoil and jet fuel paper assessments reflect of publication for both 180 CST HSFO and 380 CST HSFO.
paper transactions of a minimum of 50,000 barrels. Platts Platts 16:30 assessments of gasoil futures are incorporated into Platts also assesses the 180 CST/380 CST viscosity derivatives.
also assesses jet fuel/gasoil spread derivatives, also known the gasoil frontline derivative calculations. These settle against the difference between the FOB Singapore
as the Regrade Derivative. These settle against the difference 180 CST and 380 CST fuel oil assessments. Platts publishes
between the FOB Singapore Gasoil and FOB Singapore jet fuel/ Gasoil frontline futures derivatives: These are calendar month assessments for the front 12 months and four quarters.
kerosene assessments as published in the Platts Asia-Pacific/ gasoil derivatives that settle using the ICE Gasoil futures
Arab Gulf Marketscan. Platts publishes 12 forward months and contract. The derivative is financially settled using the closing The MOPAG 380 CST HSFO derivatives settle against Platts
four forward quarters for each of these forward curves. Platts price on each day of the month, for whichever futures contract MOPAG 380 CST HSFO netback assessments as published in
also assesses the Singapore Gasoil EFS, where parties trade is most prompt on each day. Daily gasoil frontline derivatives are the Platts Asia-Pacific/Arab Gulf Marketscan. Platts publishes
a FOB Singapore Gasoil derivative, converted into $/mt using a calculated using mean adjusted values for the number of trading balance month, Month 1 and Month 2 assessments for MOPAG
conversion rate of 7.45, for an ICE gasoil futures contract plus a days that each futures contract spends as the front-month. This 380 CST HSFO derivatives.
differential. is done by calculating the exact number of trading days within
each month, which will vary according to the calendar month. The MOPAG 180 CST HSFO derivatives assessed at the 1730
Platts publishes balance month, Month 1 and Month 2 Platts publishes the front 36 months, four quarters and three Singapore close settle against Platts MOPAG 180 CST HSFO
assessments for MOPAG Gasoil and MOPAG jet fuel derivatives. years of frontline gasoil derivatives in Asia. netback assessments as published in the Platts Asia-Pacific/

© 2022 by S&P Global Inc. All rights reserved. 17

Specifications Guide Global Platts Forward Curve Products: August 2022

Arab Gulf Marketscan. Platts publishes balance month, Month 1 months, inter-month spreads and four quarters from the month Rotterdam barges as published in Platts European Marketscan.
and Month 2 assessments for MOPAG 380 CST HSFO derivatives. of publication. In addition, Platts publishes a MOPS strip for The fuel oil derivatives are assessed as dollars per metric ton.
Marine Fuel 0.5% as well as a FOB Singapore Marine Fuel 0.5% The derivative assessment contains the flat price value of the
Marine Fuel 0.5% derivatives: Platts assesses financially differential to the strip. derivative as of 16:30 Singapore time for 12 forward months.
settled derivatives contracts that settle against its physical
Marine Fuel 0.5% assessments in Asia and the Middle East. Fujairah Marine Fuel 0.5% derivatives settle against the FOB East-West fuel oil derivatives assessments: East-West fuel
The metric ton-to-barrel conversion factor for the derivatives Fujairah Marine Fuel 0.5% assessments as published in the oil derivatives assessments are differentials between FOB
contracts is 6.35 -- in line with the conversion factor for Platts Platts Asia-Pacific/Arab Gulf Marketscan. Platts publishes Singapore 180 CST derivatives and 3.5% FOB Rotterdam barges,
physical Marine Fuel 0.5% assessments and with the prevailing derivatives assessments for balance month and two subsequent between FOB Singapore 380 CST derivatives and 3.5% FOB
qualities of fuel oil. months. In addition, Platts publishes a MOPFUJ strip for Rotterdam barges, and between FOB Singapore Marine Fuel
Marine Fuel 0.5% as well as a FOB Fujairah Marine Fuel 0.5% 0.5% derivatives and FOB Rotterdam Marine Fuel 0.5% barges
Singapore Marine Fuel 0.5% derivatives settle against the FOB differential to the strip. at 16:30 Singapore time. Platts publishes East-West fuel oil
Singapore Marine Fuel 0.5% assessments as published in the derivatives assessments for 12 forward months.
Platts Asia-Pacific/Arab Gulf Marketscan. Platts publishes 3.5% FOB Rotterdam barge derivatives at 16:30 Singapore
derivatives assessments for balance month, 12 subsequent time: This fuel oil derivatives are priced against the 3.5% FOB

© 2022 by S&P Global Inc. All rights reserved. 18

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: CRUDE OIL

ICE Brent Brent Brent DFL Brent CFD Urals Med Urals NWE CPC Blend Dubai NYMEX WTI WTI WTI-Brent Brent-Dubai NYMEX Dated Brent Brent-Dubai Brent-Dubai
Futures Frontline Derivs Derivs CFD Derivs CFD Derivs CFDs Frontline Futures Frontline London London EFS WTI-ICE Derivs London ESS EFS
Derivs London at 1630 London Derivs Brent
Derivs London Derivs Spread
London
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT - Brent Futures - - - - - Platts Dubai - WTI Futures - - - - -

BASIS NAME Settlement Settlement
SETTLEMENT - XILL001 - - - - - PCAAT00 - AAWS001 - - - - -
BASIS CODE
Week 1 - - - PCAKA00 - - - - - - - - - AAJNV00 - -
Week 2 - - - PCAKC00 - - - - - - - - - AAJOS00 - -
Week 3 - - - PCAKE00 - - - - - - - - - AAJOU00 - -
Week 4 - - - PCAKG00 - - - - - - - - - AAJOW00 - -
Week 5 - - - AAGLU00 - - - - - - - - - AAJPC00 - -
Week 6 - - - AAGLV00 - - - - - - - - - AAJPE00 - -
Week 7 - - - AALCZ00 - - - - - - - - - AALAW00 - -
Week 8 - - - AALDA00 - - - - - - - - - AALAX00 - -
Bal Month - ABWGA00 ABWFZ00 - - - - DFLLB00 - WTFLB00 ABWGB00 - BDLBM00 - -
M1 AAYES00 AAPQE00 AAEAA00 - AAMDU00 UNCM001 AAOFX00 DFLL001 AASCR00 WTFL001 AAEAW00 AAEBS00 AAIWM01 BDLM001 BDLE001 AAEBS00
M2 AAYET00 AAPQF00 AAEAB00 - AAMEA00 UNCM002 AAOFY00 DFLL002 AASCS00 WTFL002 AAEAX00 AAEBT00 AAIWM02 BDLM002 BDLE002 AAEBT00
M3 AAXZY00 AAPQG00 AAEAC00 - UMCM003 UNCM003 AAOFZ00 DFLL003 AATWM03 WTFL003 AAEAY00 AAIWM03 BDLM003 BDLE003 -
M4 AAYAM00 AAPQH00 AAEAD00 - - - - DFLL004 AATWM04 WTFL004 AAJNG00 AAIWM04 BDLM004 BDLE004 -
M5 AABRM05 AAPQI00 AAEAE00 - - - - DFLL005 AATWM05 WTFL005 WBLM005 AAIWM05 BDLM005 BDLE005 -
M6 AABRM06 AAPTU00 AAEAF00 - - - - DFLL006 AATWM06 WTFL006 WBLM006 AAIWM06 BDLM006 BDLE006 -
M7 AABRM07 BFSM007 ABABM07 - - - - DFLL007 AATWM07 WTFL007 WBLM007 AAIWM07 BDLBM07 BDLE007 -
M8 AABRM08 BFSM008 ABABM08 - - - - DFLL008 AATWM08 WTFL008 WBLM008 AAIWM08 BDLBM08 BDLE008 -
M9 AABRM09 BFSM009 ABABM09 - - - - DFLL009 AATWM09 WTFL009 WBLM009 AAIWM09 BDLBM09 BDLE009 -
M10 AABRM10 BFSM010 ABABM10 - - - - DFLL010 AATWM10 WTFL010 WBLM010 AAIWM10 BDLBM10 BDLE010 -
M11 AABRM11 BFSM011 ABABM11 - - - - DFLL011 AATWM11 WTFL011 WBLM011 AAIWM11 BDLBM11 BDLE011 -
M12 AABRM12 BFSM012 ABABM12 - - - - DFLL012 AATWM12 WTFL012 WBLM012 AAIWM12 BDLBM12 BDLE012 -
M13 AABRM13 BFSM013 ABABM13 - - - - DFLL013 AATWM13 WTFL013 WBLM013 AAIWM13 BDLBM13 BDLE013 -
M14 AABRM14 BFSM014 ABABM14 - - - - DFLL014 AATWM14 WTFL014 WBLM014 AAIWM14 BDLBM14 BDLE014 -
M15 AABRM15 BFSM015 ABABM15 - - - - DFLL015 AATWM15 WTFL015 WBLM015 AAIWM15 BDLBM15 BDLE015 -
M16 AABRM16 BFSM016 ABABM16 - - - - DFLL016 AATWM16 WTFL016 WBLM016 AAIWM16 BDLBM16 BDLE016 -
M17 AABRM17 BFSM017 ABABM17 - - - - DFLL017 AATWM17 WTFL017 WBLM017 AAIWM17 BDLBM17 BDLE017 -
M18 AABRM18 BFSM018 ABABM18 - - - - DFLL018 AATWM18 WTFL018 WBLM018 AAIWM18 BDLBM18 BDLE018 -
M19 AABRM19 BFSM019 ABABM19 - - - - DFLL019 AATWM19 WTFL019 WBLM019 AAIWM19 BDLBM19 BDLE019 -
M20 AABRM20 BFSM020 ABABM20 - - - - DFLL020 AATWM20 WTFL020 WBLM020 AAIWM20 BDLBM20 BDLE020 -
M21 AABRM21 BFSM021 ABABM21 - - - - DFLL021 AATWM21 WTFL021 WBLM021 AAIWM21 BDLBM21 BDLE021 -
M22 AABRM22 BFSM022 ABABM22 - - - - DFLL022 AATWM22 WTFL022 WBLM022 AAIWM22 BDLBM22 BDLE022 -
M23 AABRM23 BFSM023 ABABM23 - - - - DFLL023 AATWM23 WTFL023 WBLM023 AAIWM23 BDLBM23 BDLE023 -

© 2022 by S&P Global Inc. All rights reserved. 19

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: CRUDE OIL

ICE Brent Brent Brent DFL Brent CFD Urals Med Urals NWE CPC Blend Dubai NYMEX WTI WTI WTI-Brent Brent-Dubai NYMEX Dated Brent Brent-Dubai Brent-Dubai
Futures Frontline Derivs Derivs CFD Derivs CFD Derivs CFDs Frontline Futures Frontline London London EFS WTI-ICE Derivs London ESS EFS
Derivs London at 1630 London Derivs Brent
Derivs London Derivs Spread
London
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT - Brent Futures - - - - - Platts Dubai - WTI Futures - - - - -

BASIS NAME Settlement Settlement
SETTLEMENT - XILL001 - - - - - PCAAT00 - AAWS001 - - - - -
BASIS CODE
M24 AABRM24 BFSM024 ABABM24 - - - - DFLL024 AATWM24 WTFL024 WBLM024 AAIWM24 BDLBM24 BDLE024 -
M25 AABRM25 BFSM025 ABABM25 - - - - DFLL025 AATWM25 WTFL025 WBLM025 AAIWM25 BDLBM25 BDLE025 -
M26 AABRM26 BFSM026 ABABM26 - - - - DFLL026 AATWM26 WTFL026 WBLM026 AAIWM26 BDLBM26 BDLE026 -
M27 AABRM27 BFSM027 ABABM27 - - - - DFLL027 AATWM27 WTFL027 WBLM027 AAIWM27 BDLBM27 BDLE027 -
M28 AABRM28 BFSM028 ABABM28 - - - - DFLL028 AATWM28 WTFL028 WBLM028 AAIWM28 BDLBM28 BDLE028 -
M29 AABRM29 BFSM029 ABABM29 - - - - DFLL029 AATWM29 WTFL029 WBLM029 AAIWM29 BDLBM29 BDLE029 -
M30 AABRM30 BFSM030 ABABM30 - - - - DFLL030 AATWM30 WTFL030 WBLM030 AAIWM30 BDLBM30 BDLE030 -
M31 AABRM31 BFSM031 ABABM31 - - - - DFLL031 AATWM31 WTFL031 WBLM031 AAIWM31 BDLBM31 BDLE031 -
M32 AABRM32 BFSM032 ABABM32 - - - - DFLL032 AATWM32 WTFL032 WBLM032 AAIWM32 BDLBM32 BDLE032 -
M33 AABRM33 BFSM033 ABABM33 - - - - DFLL033 AATWM33 WTFL033 WBLM033 AAIWM33 BDLBM33 BDLE033 -
M34 AABRM34 BFSM034 ABABM34 - - - - DFLL034 AATWM34 WTFL034 WBLM034 AAIWM34 BDLBM34 BDLE034 -
M35 AABRM35 BFSM035 ABABM35 - - - - DFLL035 AATWM35 WTFL035 WBLM035 AAIWM35 BDLBM35 BDLE035 -
M36 - BFSM036 ABABM36 - - - - DFLL036 - WTFL036 WBLM036 - BDLBM36 BDLE036 -
Q1 AABRQ01 AAPQJ00 AAEJQ00 - - - - DFLLQ01 AATWQ01 WTFLQ01 AAEJT00 AAIWQ01 BDLSQ01 BDLEQ01 -
Q2 AABRQ02 AAPQK00 AAEJR00 - - - - DFLLQ02 AATWQ02 WTFLQ02 AAEJS00 AAIWQ02 BDLSQ02 BDLEQ02 -
Q3 AABRQ03 AAPQL00 AAEAO00 - - - - DFLLQ03 AATWQ03 WTFLQ03 AAEBC00 AAIWQ03 BDLSQ03 BDLEQ03 -
Q4 AABRQ04 AAPQM00 AAEAP00 - - - - DFLLQ04 AATWQ04 WTFLQ04 AAEBD00 AAIWQ04 BDLSQ04 BDLEQ04 -
Q5 AABRQ05 AAPQN00 AAEAM00 - - - - DFLLQ05 AATWQ05 WTFLQ05 AAEBA00 AAIWQ05 BDLSQ05 BDLEQ05 -
Q6 AABRQ06 AAPQO00 AAEAN00 - - - - DFLLQ06 AATWQ06 WTFLQ06 AAEBB00 AAIWQ06 BDLSQ06 BDLEQ06 -
Q7 AABRQ07 BFSLQ07 - - - - - DFLLQ07 AATWQ07 WTFLQ07 WBLSQ07 AAIWQ07 BDLSQ07 BDLEQ07 -
Q8 AABRQ08 BFSLQ08 - - - - - DFLLQ08 AATWQ08 WTFLQ08 WBLSQ08 AAIWQ08 BDLSQ08 BDLEQ08 -
Q9 AABRQ09 BFSLQ09 - - - - - DFLLQ09 AATWQ09 WTFLQ09 WBLSQ09 AAIWQ09 BDLSQ09 BDLEQ09 -
Q10 AABRQ10 BFSLQ10 - - - - - DFLLQ10 AATWQ10 WTFLQ10 WBLSQ10 AAIWQ10 BDLSQ10 BDLEQ10 -
Q11 AABRQ11 BFSLQ11 - - - - - DFLLQ11 AATWQ11 WTFLQ11 WBLSQ11 AAIWQ11 BDLSQ11 BDLEQ11 -
Q12 - BFSLQ12 - - - - - DFLLQ12 - WTFLQ12 WBLSQ12 - BDLSQ12 BDLEQ12 -
YEAR 1 AABRY01 AAPQP00 AAEAQ00 - - - - DFLLY01 AATWY01 WTFLY01 AAEBE00 AAIWY01 BDLSY01 BDLEY01 -
YEAR 2 AABRY02 AAPQQ00 AAEAR00 - - - - DFLLY02 AATWY02 WTFLY02 AAEBF00 AAIWY02 BDLSY02 BDLEY02 -
YEAR 3 AABRY03 AAPQR00 AAEAS00 - - - - DFLLY03 AATWY03 WTFLY03 AAEBG00 AAIWY03 BDLSY03 BDLEY03 -
Q12 BFSLQ12 - - - - DFLLQ12 WTFLQ12
YEAR 1 AAPQP00 AAEAQ00 - - - DFLLY01 WTFLY01
YEAR 2 AAPQQ00 AAEAR00 - - - DFLLY02 WTFLY02
YEAR 3 AAPQR00 AAEAS00 - - - DFLLY03 WTFLY03

© 2022 by S&P Global Inc. All rights reserved. 20

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: CRUDE OIL (TIME SPREAD)

Dubai London Time Spread Derivs ICE Brent Time Spread NYMEX WTI London Time Spread Brent Frontline Time Spread Derivs WTI London Time Spread Derivs

CURRENCY US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels

SETTLEMENT BASIS NAME - - - - -

SETTLEMENT BASIS CODE - - - - -

Week 1 - - - - -
Week 2 - - - - -
Week 3 - - - - -
Week 4 - - - - -
Week 5 - - - - -
Week 6 - - - - -
Week 7 - - - - -
Week 8 - - - - -
Bal Month - - - -
M1 AAEBM00 AAM0102 AWM0102 BFS0102 WLT0102
M2 AAEBN00 AAM0203 AWM0203 BFS0203 WLT0203
M3 AAEBO00 AAM0304 AWM0304 BFS0304 WLT0304
M4 AAEBP00 AAM0405 AWM0405 BFS0405 WLT0405
M5 AAEBQ00 AAM0506 AWM0506 BFS0506 WLT0506
M6 AAEBR00 AAM0607 AWM0607 BFS0607 WLT0607
M7 DLT0708 AAM0708 AWM0708 BFS0708 WLT0708
M8 DLT0809 AAM0809 AWM0809 BFS0809 WLT0809
M9 DLT0910 AAM0910 AWM0910 BFS0910 WLT0910
M10 DLT1011 AAM1011 AWM1011 BFS1011 WLT1011
M11 DLT1112 AAM1112 AWM1112 BFS1112 WLT1112
M12 DLT1213 AAM1213 AWM1213 BFS1213 WLT1213
M13 DLT1314 AAM1314 AWM1314 BFS1314 WLT1314
M14 DLT1415 AAM1415 AWM1415 BFS1415 WLT1415
M15 DLT1516 AAM1516 AWM1516 BFS1516 WLT1516
M16 DLT1617 AAM1617 AWM1617 BFS1617 WLT1617
M17 DLT1718 AAM1718 AWM1718 BFS1718 WLT1718
M18 DLT1819 AAM1819 AWM1819 BFS1819 WLT1819
M19 DLT1920 AAM1920 AWM1920 BFS1920 WLT1920
M20 DLT2021 AAM2021 AWM2021 BFS2021 WLT2021
M21 DLT2122 AAM2122 AWM2122 BFS2122 WLT2122
M22 DLT2223 AAM2223 AWM2223 BFS2223 WLT2223
M23 DLT2324 AAM2324 AWM2324 BFS2324 WLT2324
M24 DLT2425 AAM2425 AWM2425 BFS2425 WLT2425
M25 DLT2526 AAM2526 AWM2526 BFS2526 WLT2526

© 2022 by S&P Global Inc. All rights reserved. 21

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: CRUDE OIL (TIME SPREAD)

Dubai London Time Spread Derivs ICE Brent Time Spread NYMEX WTI London Time Spread Brent Frontline Time Spread Derivs WTI London Time Spread Derivs

CURRENCY US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels

SETTLEMENT BASIS NAME - - - - -

SETTLEMENT BASIS CODE - - - - -

M26 DLT2627 AAM2627 AWM2627 BFS2627 WLT2627
M27 DLT2728 AAM2728 AWM2728 BFS2728 WLT2728
M28 DLT2829 AAM2829 AWM2829 BFS2829 WLT2829
M29 DLT2930 AAM2930 AWM2930 BFS2930 WLT2930
M30 DLT3031 AAM3031 AWM3031 BFS3031 WLT3031
M31 DLT3132 AAM3132 AWM3132 BFS3132 WLT3132
M32 DLT3233 AAM3233 AWM3233 BFS3233 WLT3233
M33 DLT3334 AAM3334 AWM3334 BFS3334 WLT3334
M34 DLT3435 AAM3435 AWM3435 BFS3435 WLT3435
M35 DLT3536 BFS3536 WLT3536
M36
Q1 DLQ0102 AAQ0102 AWQ0102 BTQ0102 WLQ0102
Q2 DLQ0203 AAQ0203 AWQ0203 BTQ0203 WLQ0203
Q3 DLQ0304 AAQ0304 AWQ0304 BTQ0304 WLQ0304
Q4 DLQ0405 AAQ0405 AWQ0405 BTQ0405 WLQ0405
Q5 DLQ0506 AAQ0506 AWQ0506 BTQ0506 WLQ0506
Q6 DLQ0607 AAQ0607 AWQ0607 BTQ0607 WLQ0607
Q7 DLQ0708 AAQ0708 AWQ0708 BTQ0708 WLQ0708
Q8 DLQ0809 AAQ0809 AWQ0809 BTQ0809 WLQ0809
Q9 DLQ0910 AAQ0910 AWQ0910 BTQ0910 WLQ0910
Q10 DLQ1011 AAQ1011 AWQ1011 BTQ1011 WLQ1011
Q11 DLQ1112 BTQ1112 WLQ1112
Q12
YEAR 1 DLY0102 AAY0102 AWY0102 BTY0102 WLY0102
YEAR 2 DLY0203 AAY0203 AWY0203 BTY0203 WLY0203
YEAR 3

© 2022 by S&P Global Inc. All rights reserved. 22

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

Propane ARA CIF Propane NWE CIF vs Naphtha NWE CIF Crg Naphtha CFR MOPJ Gasoline Prem Gasoline Eurobob Gasoline Prem Prem Unleaded Gasoline Eurobob
Large Derivs Naphtha NWE CIF Crg Derivs vs Naphtha NWE CIF Unleaded AR Brg 10ppm AR FOB Brg Unleaded 10ppm Med 10ppm Med FOB E10 Non-Oxy FOB AR
Crg Derivs Spread at Derivs Derivs FOB Cargo Derivs Cargo vs Gasoline Barge Derivs
London MOC Eurobob 10ppm ARA
FOB Brg Derivs BalMo
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
SETTLEMENT BASIS Propane CIF NWE Propane CIF NWE Naphtha CIF NWE Naphtha CIF NWE Prem Unleaded Eurobob Gasoline Premium gasoline Gasoline Prem Platts Gasoline
NAME Large Cargo Large Cargo /Naphtha Cargo Cargo 10ppmS FOB AR Barges FOB AR / 10 PPM Cargoes FOB Unleaded 10ppmS Eurobob E10 Barge
CIF NWE Cargo Premium Gasoline Med FOB Med Cargo / FOB AR
10PPM Barges FOB Gasoline Eurobob
AR FOB ARA Barge
SETTLEMENT BASIS PMABA00 PMABA00 /PAAAL00 PAAAL00 PAAAL00 PGABM00 AAQZV00 / PGABM00 AAWZA00 AAWZA00 / AAQZV00 AGEFA00
CODE
Bal Month ABWFX00 ABWFY00 ABWFV00 ABWFT00 ABWFB00 GPWSM00 GPWSD00 AGEAB00
M1 AAHIK00 AAYJA00 PAAAJ00 MANJM01 AAEBW00 ABWFC00 GPWSM01 GPWSD01 AGEAM01
M2 AAHIM00 AAYJB00 AAECO00 MANJM02 AAEBY00 ABWFD00 GPWSM02 GPWSD02 AGEAM02
M3 AAHIO00 AAYJC00 AAECQ00 MANJM03 AAEBZ00 ABWFE00 -
M4 AAHIQ00 AAYJD00 AAECR00 AAECA00 ABWFF00 -
M5 - AAEN005 AAEB005 ABWF005 -
M6 - AAEN006 AAEB006 ABWF006 -
M7 - AAEN007 AAEB007 ABWF007 -
M8 - AAEN008 AAEB008 ABWF008 -
M9 - AAEN009 AAEB009 ABWF009 -
M10 - AAEN010 AAEB010 ABWF010 -
M11 - AAEN011 AAEB011 ABWF011 -
M12 - AAEN012 AAEB012 ABWF012 -
M13 - - - - -
M14 - - - - -
M15 - - - - -
M16 - - - - -
M17 - - - - -
M18 - - - - -
M19 - - - - -
M20 - - - - -
M21 - - - - -
M22 - - - - -
M23 - - - - -
M24 - - - - -
M25 - - - - -

© 2022 by S&P Global Inc. All rights reserved. 23

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

Propane ARA CIF Propane NWE CIF vs Naphtha NWE CIF Crg Naphtha CFR MOPJ Gasoline Prem Gasoline Eurobob Gasoline Prem Prem Unleaded Gasoline Eurobob
Large Derivs Naphtha NWE CIF Crg Derivs vs Naphtha NWE CIF Unleaded AR Brg 10ppm AR FOB Brg Unleaded 10ppm Med 10ppm Med FOB E10 Non-Oxy FOB AR
Crg Derivs Spread at Derivs Derivs FOB Cargo Derivs Cargo vs Gasoline Barge Derivs
London MOC Eurobob 10ppm ARA
FOB Brg Derivs BalMo
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
SETTLEMENT BASIS Propane CIF NWE Propane CIF NWE Naphtha CIF NWE Naphtha CIF NWE Prem Unleaded Eurobob Gasoline Premium gasoline Gasoline Prem Platts Gasoline
NAME Large Cargo Large Cargo /Naphtha Cargo Cargo 10ppmS FOB AR Barges FOB AR / 10 PPM Cargoes FOB Unleaded 10ppmS Eurobob E10 Barge
CIF NWE Cargo Premium Gasoline Med FOB Med Cargo / FOB AR
10PPM Barges FOB Gasoline Eurobob
AR FOB ARA Barge
SETTLEMENT BASIS PMABA00 PMABA00 /PAAAL00 PAAAL00 PAAAL00 PGABM00 AAQZV00 / PGABM00 AAWZA00 AAWZA00 / AAQZV00 AGEFA00
CODE
M26 - - - - -
M27 - - - - -
M28 - - - - -
M29 - - - - -
M30 - - - - -
M31 - - - - -
M32 - - - - -
M33 - - - - -
M34 - - - - -
M35 - - - - -
M36 - - - - -
Q1 AAHIL00 AAYJE00 AAECS00 AAECB00 ABWFG00 -
Q2 AAHIN00 AAYJF00 AAECU00 AAECC00 ABWFH00 -
Q3 AAHIP00 AAYJG00 AAECV00 AAECD00 ABWFI00 -
Q4 AAHIR00 AAYJH00 AAECW00 AAECE00 ABWFJ00 -
Q5 - - - - -
Q6 - - - - -
Q7 - - - - -
Q8 - - - - -
Q9 - - - - -
Q10 - - - - -
Q11 - - - - -
Q12 - - - - -
YEAR 1 - AAENY01 AAEBY01 ABWFY01 -
YEAR 2 - - - - -
YEAR 3 - - - - -

© 2022 by S&P Global Inc. All rights reserved. 24

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

ICE LS Gasoil at LS Gasoil Frontline ULSD 10ppmS FOB ULSD 10ppmS FOB ULSD 10ppmS CIF ULSD 10ppmS CIF ULSD 10ppmS CIF ULSD 10ppmS CIF ULSD 10ppmS CIF
London MOC ARA Barge vs LS ARA Barge NWE Cargo vs LS NWE Cargo Med Cargo vs LS Med Cargo Med Cargo vs CIF
Gasoil Frontline Gasoil Frontline Gasoil Frontline NWE Cargo
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons

SETTLEMENT BASIS NAME - - - ULSD 10ppmS FOB - ULSD 10ppmS CIF - ULSD 10ppmS CIF -
ARA Barge NWE Cargo Med Cargo
SETTLEMENT BASIS CODE - - - AAJUS00 - AAVBG00 - AAWYZ00 -

Bal Month ABWAO00 ABWEM00 ABWEA00 ABWDY00 ABWDM00 ABWDK00 ABWCY00 ABWFA00
M1 AARIN00 AAPQS00 AAPRD00 ABWEB00 AAXAL00 ABWDN00 AAPEF00 ABWCZ00 AAPGB00
M2 AARIO00 AAPQT00 AAPRE00 ABWEC00 AAXAM00 ABWDO00 AAPEG00 ABWDA00 AAPGC00
M3 AARIP00 AAPQU00 AAPRF00 ABWED00 AAXAN00 ABWDP00 AAPEH00 ABWDB00 AAPGD00
M4 AARIP04 AAPQV00 AAPRG00 ABWEE00 AAXAO00 ABWDQ00 AAPEI00 ABWDC00 AAPGE00
M5 AARIP05 AAPTV00 AAPRH00 ABWEF00 AAXAP00 ABWDR00 AAPER00 ABWDD00 AAPGF00
M6 AARIP06 AAPTW00 AAPRI00 ABWEG00 AAXAQ00 ABWDS00 AAPES00 ABWDE00 AAPGG00
M7 AARIP07 AAPQ007 AAPR007 ABWE007 AAXL007 ABWD007 AAPE007 ABWH007 AAPG007
M8 AARIP08 AAPQ008 AAPR008 ABWE008 AAXL008 ABWD008 AAPE008 ABWH008 AAPG008
M9 AARIP09 AAPQ009 AAPR009 ABWE009 AAXL009 ABWD009 AAPE009 ABWH009 AAPG009
M10 AARIP10 AAPQ010 AAPR010 ABWE010 AAXL010 ABWD010 AAPE010 ABWH010 AAPG010
M11 AARIP11 AAPQ011 AAPR011 ABWE011 AAXL011 ABWD011 AAPE011 ABWH011 AAPG011
M12 AARIP12 AAPQ012 AAPR012 ABWE012 AAXL012 ABWD012 AAPE012 ABWH012 AAPG012
M13 AARIP13 AAPQ013 AAPR013 ABWE013 AAXL013 ABWD013 AAPE013 ABWH013 AAPG013
M14 AARIP14 AAPQ014 AAPR014 ABWE014 AAXL014 ABWD014 AAPE014 ABWH014 AAPG014
M15 AARIP15 AAPQ015 AAPR015 ABWE015 AAXL015 ABWD015 AAPE015 ABWH015 AAPG015
M16 AARIP16 AAPQ016 AAPR016 ABWE016 AAXL016 ABWD016 AAPE016 ABWH016 AAPG016
M17 AARIP17 AAPQ017 AAPR017 ABWE017 AAXL017 ABWD017 AAPE017 ABWH017 AAPG017
M18 AARIP18 AAPQ018 AAPR018 ABWE018 AAXL018 ABWD018 AAPE018 ABWH018 AAPG018
M19 AARIP19 AAPQ019 AAPR019 ABWE019 AAXL019 ABWD019 AAPE019 ABWH019 AAPG019
M20 AARIP20 AAPQ020 AAPR020 ABWE020 AAXL020 ABWD020 AAPE020 ABWH020 AAPG020
M21 AARIP21 AAPQ021 AAPR021 ABWE021 AAXL021 ABWD021 AAPE021 ABWH021 AAPG021
M22 AARIP22 AAPQ022 AAPR022 ABWE022 AAXL022 ABWD022 AAPE022 ABWH022 AAPG022
M23 AARIP23 AAPQ023 AAPR023 ABWE023 AAXL023 ABWD023 AAPE023 ABWH023 AAPG023
M24 AARIP24 AAPQ024 AAPR024 ABWE024 AAXL024 ABWD024 AAPE024 ABWH024 AAPG024
M25 AARIP25 AAPQ025
M26 AARIP26 AAPQ026
M27 AARIP27 AAPQ027
M28 AARIP28 AAPQ028
M29 AARIP29 AAPQ029
M30 AARIP30 AAPQ030

© 2022 by S&P Global Inc. All rights reserved. 25

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

ICE LS Gasoil at LS Gasoil Frontline ULSD 10ppmS FOB ULSD 10ppmS FOB ULSD 10ppmS CIF ULSD 10ppmS CIF ULSD 10ppmS CIF ULSD 10ppmS CIF ULSD 10ppmS CIF
London MOC ARA Barge vs LS ARA Barge NWE Cargo vs LS NWE Cargo Med Cargo vs LS Med Cargo Med Cargo vs CIF
Gasoil Frontline Gasoil Frontline Gasoil Frontline NWE Cargo
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons

SETTLEMENT BASIS NAME - - - ULSD 10ppmS FOB - ULSD 10ppmS CIF - ULSD 10ppmS CIF -
ARA Barge NWE Cargo Med Cargo
SETTLEMENT BASIS CODE - - - AAJUS00 - AAVBG00 - AAWYZ00 -

M31 AARIP31 AAPQ031

M32 AARIP32 AAPQ032
M33 AARIP33 AAPQ033
M34 AARIP34 AAPQ034
M35 AARIP35 AAPQ035
M36 AARIP36 AAPQ036
Q1 AARIQ01 AAPQW00 AAPRJ00 ABWEH00 AAXAR00 ABWDT00 AAPEZ00 ABWDF00 AAPGH00
Q2 AARIQ02 AAPQX00 AAPRK00 ABWEI00 AAXAS00 ABWDU00 AAPFA00 ABWDG00 AAPGI00
Q3 AARIQ03 AAPQY00 AAPRL00 ABWEJ00 AAXAT00 ABWDV00 AAPFB00 ABWDH00 AAPGJ00
Q4 AARIQ04 AAPQZ00 AAPRM00 ABWEK00 AAXAU00 ABWDW00 AAPFC00 ABWDI00 AAPGK00
Q5 AARIQ05 AAPQQ05 AAPRQ05 ABWEQ05 AAXLQ05 ABWDQ05 AAPEQ05 AAPFQ05 AAPGQ05
Q6 AARIQ06 AAPQQ06 AAPRQ06 ABWEQ06 AAXLQ06 ABWDQ06 AAPEQ06 AAPFQ06 AAPGQ06
Q7 AARIQ07 AAPQQ07 AAPRQ07 ABWEQ07 AAXLQ07 ABWDQ07 AAPEQ07 AAPFQ07 AAPGQ07
Q8 AARIQ08 AAPQQ08 AAPRQ08 ABWEQ08 AAXLQ08 ABWDQ08 AAPEQ08 AAPFQ08 AAPGQ08
Q9 AARIQ09 AAPQQ09
Q10 AARIQ10 AAPQQ10
Q11 AARIQ11 AAPQQ11
Q12 AARIQ12 AAPQQ12
YEAR 1 AARKY01 AAPRB00 AAXMW00 ABWEL00 AAXAV00 ABWDX00 AAPFD00 ABWDJ00 AAPGL00
YEAR 2 AARKY02 AAPRC00 AAPRY02 ABWEY02 AAXLY02 ABWDY02 AAPEY02 ABWHY02 AAPGY02
YEAR 3 AARKY03 AAPRS00

© 2022 by S&P Global Inc. All rights reserved. 26

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

Jet CIF NWE Cargo vs LS Gasoil Jet CIF NWE Cargo Jet FOB Rdam Barge vs LS Gasoil Jet FOB Rdam Barge Jet FOB Rdam Barge vs Jet CIF Jet FOB Rdam vs ULSD 10ppm
Frontline Frontline NWE Cargo FOB ARA Barge
CURRENCY US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
SETTLEMENT BASIS NAME - Jet CIF NWE Cargo - Jet FOB FARAG Barge - -

SETTLEMENT BASIS CODE - PJAAU00 - PJABA00 - -

Bal Month ABWCW00 ABWCI00 AAXTH00 AAXUH00 AAXWH00 AAXXH00

M1 AAEDH00 ABWCJ00 AAXTM01 AAXUM01 AAXWM01 AAXXM01
M2 AAEDI00 ABWCK00 AAXTM02 AAXUM02 AAXWM02 AAXXM02
M3 AAEDJ00 ABWCL00
M4 AAEDK00 ABWCM00
M5 AAXMU00 ABWCN00
M6 AAXMV00 ABWCO00
M7 AAED007 ABWC007
M8 AAED008 ABWC008
M9 AAED009 ABWC009
M10 AAED010 ABWC010
M11 AAED011 ABWC011
M12 AAED012 ABWC012
M13 AAED013 ABWC013
M14 AAED014 ABWC014
M15 AAED015 ABWC015
M16 AAED016 ABWC016
M17 AAED017 ABWC017
M18 AAED018 ABWC018
M19 AAED019 ABWC019
M20 AAED020 ABWC020
M21 AAED021 ABWC021
M22 AAED022 ABWC022
M23 AAED023 ABWC023
M24 AAED024 ABWC024
M25 AAED025 ABWC025
M26 AAED026 ABWC026
M27 AAED027 ABWC027
M28 AAED028 ABWC028
M29 AAED029 ABWC029
M30 AAED030 ABWC030
M31 AAED031 ABWC031

© 2022 by S&P Global Inc. All rights reserved. 27

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

Jet CIF NWE Cargo vs LS Gasoil Jet CIF NWE Cargo Jet FOB Rdam Barge vs LS Gasoil Jet FOB Rdam Barge Jet FOB Rdam Barge vs Jet CIF Jet FOB Rdam vs ULSD 10ppm
Frontline Frontline NWE Cargo FOB ARA Barge
CURRENCY US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
SETTLEMENT BASIS NAME - Jet CIF NWE Cargo - Jet FOB FARAG Barge - -

SETTLEMENT BASIS CODE - PJAAU00 - PJABA00 - -

M32 AAED032 ABWC032

M33 AAED033 ABWC033
M34 AAED034 ABWC034
M35 AAED035 ABWC035
M36 AAED036 ABWC036
Q1 AAEDL00 ABWCP00
Q2 AAEDM00 ABWCQ00
Q3 AAEDN00 ABWCR00
Q4 AAEDO00 ABWCS00
Q5 AAEDQ05 ABWCQ05
Q6 AAEDQ06 ABWCQ06
Q7 AAEDQ07 ABWCQ07
Q8 AAEDQ08 ABWCQ08
Q9 AAEDQ09 ABWCQ09
Q10 AAEDQ10 ABWCQ10
Q11 AAEDQ11 ABWCQ11
Q12 AAEDQ12 ABWCQ12
YEAR 1 AAHFA00 ABWCT00
YEAR 2 AAHFB00 ABWCU00
YEAR 3 AAHFC00 ABWCV00

© 2022 by S&P Global Inc. All rights reserved. 28

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

Gasoil .1%S (1000ppm) FOB ARA Gasoil .1%S (1000ppm) FOB ARA Gasoil 0.1%S CIF NWE Cargo vs Gasoil 0.1%S CIF NWE Cargo Gasoil .1%S (1000ppm) CIF Med Gasoil .1%S (1000ppm) CIF Med
Barge vs LS Gasoil Frontline Barge LS Gasoil Frontline Cargo vs LS Gasoil Frontline Cargo
CURRENCY US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
SETTLEMENT BASIS NAME - Gasoil .1%S (1000ppm) FOB ARA - Gasoil 0.1%S CIF NWE Cargo - Gasoil .1%S (1000ppm) CIF Med
Barge Cargo
SETTLEMENT BASIS CODE - AAYWT00 - AAYWS00 - AAVJJ00

Bal Month ABWCG00 ABWBT00 ABWBR00 ABWBF00 ABWAR00 ABWAS00

M1 AAYEZ00 ABWBU00 AAYFP00 ABWBG00 AAXAA00 ABWAT00
M2 AAYFA00 ABWBV00 AAYFQ00 ABWBH00 AAXAB00 ABWAU00
M3 AAYFB00 ABWBW00 AAYFR00 ABWBI00 AAXAC00 ABWAV00
M4 AAYFC00 ABWBX00 AAYFS00 ABWBJ00 AAXAD00 ABWAW00
M5 AAXMR00 ABWBY00 AAYFT00 ABWBK00 AAXAE00 ABWAX00
M6 AAXMS00 ABWBZ00 AAYFU00 ABWBL00 AAXAF00 ABWAY00
M7 AAYE007 ABWB007 AAYS007 ABWB007 AAXA007 ABWA007
M8 AAYE008 ABWB008 AAYS008 ABWB008 AAXA008 ABWA008
M9 AAYE009 ABWB009 AAYS009 ABWB009 AAXA009 ABWA009
M10 AAYE010 ABWB010 AAYS010 ABWB010 AAXA010 ABWA010
M11 AAYE011 ABWB011 AAYS011 ABWB011 AAXA011 ABWA011
M12 AAYE012 ABWB012 AAYS012 ABWB012 AAXA012 ABWA012
M13 AAYE013 ABWB013 AAYS013 ABWB013 AAXA013 ABWA013
M14 AAYE014 ABWB014 AAYS014 ABWB014 AAXA014 ABWA014
M15 AAYE015 ABWB015 AAYS015 ABWB015 AAXA015 ABWA015
M16 AAYE016 ABWB016 AAYS016 ABWB016 AAXA016 ABWA016
M17 AAYE017 ABWB017 AAYS017 ABWB017 AAXA017 ABWA017
M18 AAYE018 ABWB018 AAYS018 ABWB018 AAXA018 ABWA018
M19 AAYE019 ABWB019 AAYS019 ABWB019 AAXA019 ABWA019
M20 AAYE020 ABWB020 AAYS020 ABWB020 AAXA020 ABWA020
M21 AAYE021 ABWB021 AAYS021 ABWB021 AAXA021 ABWA021
M22 AAYE022 ABWB022 AAYS022 ABWB022 AAXA022 ABWA022
M23 AAYE023 ABWB023 AAYS023 ABWB023 AAXA023 ABWA023
M24 AAYE024 ABWB024 AAYS024 ABWB024 AAXA024 ABWA024
M25
M26
M27
M28
M29
M30
M31

© 2022 by S&P Global Inc. All rights reserved. 29

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

Gasoil .1%S (1000ppm) FOB ARA Gasoil .1%S (1000ppm) FOB ARA Gasoil 0.1%S CIF NWE Cargo vs Gasoil 0.1%S CIF NWE Cargo Gasoil .1%S (1000ppm) CIF Med Gasoil .1%S (1000ppm) CIF Med
Barge vs LS Gasoil Frontline Barge LS Gasoil Frontline Cargo vs LS Gasoil Frontline Cargo
CURRENCY US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
SETTLEMENT BASIS NAME - Gasoil .1%S (1000ppm) FOB ARA - Gasoil 0.1%S CIF NWE Cargo - Gasoil .1%S (1000ppm) CIF Med
Barge Cargo
SETTLEMENT BASIS CODE - AAYWT00 - AAYWS00 - AAVJJ00

M32
M33
M34
M35
M36
Q1 AAYFD00 ABWCA00 AAYFV00 ABWBM00 AAXAG00 ABWAZ00
Q2 AAYFE00 ABWCB00 AAYFW00 ABWBN00 AAXAH00 ABWBA00
Q3 AAYFF00 ABWCC00 AAYFX00 ABWBO00 AAXAI00 ABWBB00
Q4 AAYFG00 ABWCD00 AAYFY00 ABWBP00 AAXAJ00 ABWBC00
Q5 AAYEQ05 ABWUQ05 AAYSQ05 ABWBQ05 AAXAQ05 ABWBQ05
Q6 AAYEQ06 ABWUQ06 AAYSQ06 ABWBQ06 AAXAQ06 ABWBQ06
Q7 AAYEQ07 ABWUQ07 AAYSQ07 ABWBQ07 AAXAQ07 ABWBQ07
Q8 AAYEQ08 ABWUQ08 AAYSQ08 ABWBQ08 AAXAQ08 ABWBQ08
Q9
Q10
Q11
Q12
YEAR 1 AAXMT00 ABWCE00 AAXMX00 ABWBQ00 AAXAK00 ABWBD00
YEAR 2 AARCU00 ABWCF00 AAYSY02 ABWBY02 AAXAY02 ABWBY02
YEAR 3

© 2022 by S&P Global Inc. All rights reserved. 30

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

FO 3.5%S FO 3.5%S London MOC FO 1%S FO 1%S FO 1%S Rdam FO 3.5%S FO 1%S NWE FO 380 CST FO 180 CST FO 380 CST London MOC 0.5% FOB 0.5% vs. FO 180 CST
Rotterdam Med FOB East-West NWE FOB Rotterdam Brg vs 1% Rotterdam FOB vs FO Cargo FOB FOB Spore FOB Spore East-West Rotterdam 3.5% FOB FOB Spore
FOB Brg Crg Derivs Fuel Oil (180 Crg Derivs Brg Derivs NWE Crg Diff vs Med Diff 3.5%S Brg Spore Crg-3.5% Crg Derivs Crg Derivs Fuel Oil (180 Marine Fuel Rotterdam Crg vs FO
Derivs CST-3.5% FOB Derivs Derivs Hilo Diff FOB Rotterdam London MOC London MOC CST-3.5% FOB barge derivs barge derivs 380 CST
Rotterdam Derivs Barge Derivs Rotterdam 3.5%FOB
Barge) East West Barge) Spore Crg
London MOC
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
Tons
SETTLEMENT FO 3.5%S FOB FO 3.5%S FO 180 CST FO 1%S FO 1%S FO 1%S FOB FO 3.5%S FOB FO 1%S FOB FO 380 CST FO 180 CST FO 380 CST FO 180 CST 0.5% FOB 0.5% vs.
BASIS NAME Rdam Barge FOB Med 3.5% S FOB FOB NWE FOB Rdam Rdam Barge/ Rdam Barge/ NWE Cargo/ 3.5% S FOB 3.5% S FOB 3.5% S FOB 3.5%S FOB Rotterdam 3.5% FOB
Cargo Spore Cargo/ Cargo Barge FO 1%S FOB FO 3.5%S FOB FO 3.5%S Spore Cargo/ Spore Cargo Spore Cargo Spore Cargo/ Marine Fuel Rotterdam
FO 3.5%S FOB NWE Cargo Med Cargo FOB Rdam FO 3.5%S FOB FO 3.5%S FOB barge barge
Rdam Barge Barge Rdam Barge Rdam Barge
SETTLEMENT PUABC00 PUAAZ00 PUADV00/ PUAAM00 PUAAP00 PUAAP00/ PUABC00/ PUAAM00/ PPXDK00/ PUADV00 PPXDK00 PUADV00/ PUMFD00 PUMFD00
BASIS CODE PUABC00 PUAAM00 PUAAZ00 PUABC00 PUABC00 PUABC00 and
PUABC00
Bal Month ABWAE00 ABWAG00 - ABWAC00 ABWAA00 ABWAK00 ABWAM00 ABWAI00 AMRAB00 AMRBB00
M1 AAEHB00 AAEHK00 F1BDM01 AAEGR00 AALTA00 AALTA01 AAEHK01 AAEGR01 FQLSM01 FOLSM01 FPLSM01 F1BDM01 AMRAM01 AMRBM01 AFVAM01
M2 AAEHC00 AAEHL00 F1BDM02 AAEGS00 AALTC00 AALTC01 AAEHL01 AAEGS01 FQLSM02 FOLSM02 FPLSM02 F1BDM02 AMRAM02 AMRBM02 AFVAM02
M3 AAEHD00 AAEHM00 F1BDMO3 AAEGT00 AALTF00 AALTF01 AAEHM01 AAEGT01 FQLSM03 FOLSM03 FPLSM03 F1BDM03 AMRAM03 AMRBM03 AFVAM03
M4 AAEHE00 AAEHN00 - AAEGV00 AALTH00 AALTH01 AAEHN01 AAEGV01 AMRAM04 AMRBM04
M5 AAQDD00 AAQDL00 - AAPZG00 AAQDU00 AAQDU01 AAQDL01 AAPZG01 AMRAM05 AMRBM05
M6 AAQDE00 AAQDM00 - AAPZH00 AAQDV00 AAQDV01 AAQDM01 AAPZH01 AMRAM06 AMRBM06
M7 AAEH007 AAEK007 - AAER007 AALT007 AALA007 AAEA007 AAEG007 AMRAM07 AMRBM07
M8 AAEH008 AAEK008 - AAER008 AALT008 AALA008 AAEA008 AAEG008 AMRAM08 AMRBM08
M9 AAEH009 AAEK009 - AAER009 AALT009 AALA009 AAEA009 AAEG009 AMRAM09 AMRBM09
M10 AAEH010 AAEK010 - AAER010 AALT010 AALA010 AAEA010 AAEG010 AMRAM10 AMRBM10
M11 AAEH011 AAEK011 - AAER011 AALT011 AALA011 AAEA011 AAEG011 AMRAM11 AMRBM11
M12 AAEH012 AAEK012 - AAER012 AALT012 AALA012 AAEA012 AAEG012 AMRAM12 AMRBM12
M13 AAEH013 AAEK013 - AAER013 AALT013 AALA013 AAEA013 AAEG013 AMRAM13 AMRBM13
M14 AAEH014 AAEK014 - AAER014 AALT014 AALA014 AAEA014 AAEG014 AMRAM14 AMRBM14
M15 AAEH015 AAEK015 - AAER015 AALT015 AALA015 AAEA015 AAEG015 AMRAM15 AMRBM15
M16 AAEH016 AAEK016 - AAER016 AALT016 AALA016 AAEA016 AAEG016 AMRAM16 AMRBM16
M17 AAEH017 AAEK017 - AAER017 AALT017 AALA017 AAEA017 AAEG017 AMRAM17 AMRBM17
M18 AAEH018 AAEK018 - AAER018 AALT018 AALA018 AAEA018 AAEG018 AMRAM18 AMRBM18
M19 AAEH019 AAEK019 - AAER019 AALT019 AALA019 AAEA019 AAEG019 AMRAM19 AMRBM19
M20 AAEH020 AAEK020 - AAER020 AALT020 AALA020 AAEA020 AAEG020 AMRAM20 AMRBM20
M21 AAEH021 AAEK021 - AAER021 AALT021 AALA021 AAEA021 AAEG021 AMRAM21 AMRBM21
M22 AAEH022 AAEK022 - AAER022 AALT022 AALA022 AAEA022 AAEG022 AMRAM22 AMRBM22
M23 AAEH023 AAEK023 - AAER023 AALT023 AALA023 AAEA023 AAEG023 AMRAM23 AMRBM23
M24 AAEH024 AAEK024 - AAER024 AALT024 AALA024 AAEA024 AAEG024 AMRAM24 AMRBM24

© 2022 by S&P Global Inc. All rights reserved. 31

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS

FO 3.5%S FO 3.5%S London MOC FO 1%S FO 1%S FO 1%S Rdam FO 3.5%S FO 1%S NWE FO 380 CST FO 180 CST FO 380 CST London MOC 0.5% FOB 0.5% vs. FO 180 CST
Rotterdam Med FOB East-West NWE FOB Rotterdam Brg vs 1% Rotterdam FOB vs FO Cargo FOB FOB Spore FOB Spore East-West Rotterdam 3.5% FOB FOB Spore
FOB Brg Crg Derivs Fuel Oil (180 Crg Derivs Brg Derivs NWE Crg Diff vs Med Diff 3.5%S Brg Spore Crg-3.5% Crg Derivs Crg Derivs Fuel Oil (180 Marine Fuel Rotterdam Crg vs FO
Derivs CST-3.5% FOB Derivs Derivs Hilo Diff FOB Rotterdam London MOC London MOC CST-3.5% FOB barge derivs barge derivs 380 CST
Rotterdam Derivs Barge Derivs Rotterdam 3.5%FOB
Barge) East West Barge) Spore Crg
London MOC
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Metric Tons Metric Tons Metric Tons Metric Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons
Tons
SETTLEMENT FO 3.5%S FOB FO 3.5%S FO 180 CST FO 1%S FO 1%S FO 1%S FOB FO 3.5%S FOB FO 1%S FOB FO 380 CST FO 180 CST FO 380 CST FO 180 CST 0.5% FOB 0.5% vs.
BASIS NAME Rdam Barge FOB Med 3.5% S FOB FOB NWE FOB Rdam Rdam Barge/ Rdam Barge/ NWE Cargo/ 3.5% S FOB 3.5% S FOB 3.5% S FOB 3.5%S FOB Rotterdam 3.5% FOB
Cargo Spore Cargo/ Cargo Barge FO 1%S FOB FO 3.5%S FOB FO 3.5%S Spore Cargo/ Spore Cargo Spore Cargo Spore Cargo/ Marine Fuel Rotterdam
FO 3.5%S FOB NWE Cargo Med Cargo FOB Rdam FO 3.5%S FOB FO 3.5%S FOB barge barge
Rdam Barge Barge Rdam Barge Rdam Barge
SETTLEMENT PUABC00 PUAAZ00 PUADV00/ PUAAM00 PUAAP00 PUAAP00/ PUABC00/ PUAAM00/ PPXDK00/ PUADV00 PPXDK00 PUADV00/ PUMFD00 PUMFD00
BASIS CODE PUABC00 PUAAM00 PUAAZ00 PUABC00 PUABC00 PUABC00 and
PUABC00
M25 AAEH025 - - AAER025 - AAEG025 - -
M26 AAEH026 - - AAER026 - AAEG026 - -
M27 AAEH027 - - AAER027 - AAEG027 - -
M28 AAEH028 - - AAER028 - AAEG028 - -
M29 AAEH029 - - AAER029 - AAEG029 - -
M30 AAEH030 - - AAER030 - AAEG030 - -
M31 AAEH031 - - AAER031 - AAEG031 - -
M32 AAEH032 - - AAER032 - AAEG032 - -
M33 AAEH033 - - AAER033 - AAEG033 - -
M34 AAEH034 - - AAER034 - AAEG034 - -
M35 AAEH035 - - AAER035 - AAEG035 - -
M36 AAEH036 - - AAER036 - AAEG036 - -
Q1 AAEOR00 AAEHO00 - AAEGW00 AALTJ00 AALTJ01 AAEHO01 AAEGW01 AMRAQ01 AMRBQ01
Q2 AAEHG00 AAEHP00 - AAEOQ00 AALTL00 AALTL01 AAEHP01 AAEOQ01 AMRAQ02 AMRBQ02
Q3 AAEHH00 AAEHQ00 - AAEGY00 AALTN00 AALTN01 AAEHQ01 AAEGY01 AMRAQ03 AMRBQ03
Q4 AAEHI00 AAEHR00 - AAEGZ00 AALTU00 AALTU01 AAEHR01 AAEGZ01 AMRAQ04 AMRBQ04
Q5 AAEHQ05 AAEKQ05 - AAERQ05 AALTQ05 AALAQ05 AAEAQ05 AAEGQ05 AMRAQ05 AMRBQ05
Q6 AAEHQ06 AAEKQ06 - AAERQ06 AALTQ06 AALAQ06 AAEAQ06 AAEGQ06 AMRAQ06 AMRBQ06
Q7 AAEHQ07 AAEKQ07 - AAERQ07 AALTQ07 AALAQ07 AAEAQ07 AAEGQ07 AMRAQ07 AMRBQ07
Q8 AAEHQ08 AAEKQ08 - AAERQ08 AALTQ08 AALAQ08 AAEAQ08 AAEGQ08 AMRAQ08 AMRBQ08
Q9 AAEHQ09 - - AAERQ09 - AAEGQ09 - -
Q10 AAEHQ10 - - AAERQ10 - AAEGQ10 - -
Q11 AAEHQ11 - - AAERQ11 - AAEGQ11 - -
Q12 AAEHQ12 - - AAERQ12 - AAEGQ12 - -
YEAR 1 AAEHJ00 AAEHS00 - AAEHA00 AALTW00 AAEHS01 AAEHA01 AMRAY01 AMRBY01
YEAR 2 AAQDF00 AAQDN00 - AAPZI00 AAQDW00 AAQDN01 AAPZI01 AMRAY02 AMRBY02
YEAR 3 AAQDG00 - - AAPZJ00 AAPZJ01
© 2022 by S&P Global Inc. All rights reserved. 32
Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (TIME SPREAD)

FO 1% FO 1% FO 3.5% FO 3.5% FO 3.5% FO 3.5% Marine Fuel Marine Fuel FO 1% FOB FO 1% FOB FO 180 CST FO 380 CST Gasoline Gasoline Naphtha Propane
FOB NWE FOB NWE FOB Med FOB Med FOB FOB 0.5% FOB 0.5% FOB Rotterdam Rotterdam SG vs 3.5% SG vs 3.5% Eurobob Eurobob NWE CIF ARA CIF
Cargo Time Cargo Time Cargo Time Cargo Time Rotterdam Rotterdam Rotterdam Rotterdam Barge Time Barge Time FOB Rdam FOB Rdam 10ppm AR E10 Non- Crg Derivs Large
Spread Spread Spread Spread Barge Time Barge Time Barge Time Barge Time Spread Spread Barge Time Barge Time FOB Brg Oxy FOB Derivs
Crack Crack Spread Spread Spread Spread Crack Spread Spread Derivs AR Barge
Crack Crack Derivs
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Barrel Metric Tons Barrel Metric Tons Barrel Metric Tons Barrel Metric Tons Barrel Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons

BASIS NAME - - - - - - - - - - - - - - - -

BASIS CODE - - - - - - - - - - - - - - - -
Bal Month - - - - - - - - - - - - - - - -
M1 ANWBM01 ANEBM01 AMEBM01 AMDBM01 AROBM01 ARIBM01 ARDBM01 ARABM01 APEBM01 AQEBM01 GAMBM01 GFMBM01 NNMBM01 PNMBM01
M2 ANWE102 ANE0102 AMED102 AMD0102 AROT102 ARI0102 AROD102 ARA0102 APE0102 AQE0102 AFM0102 AFN0102 GAM0102 GFM0102 NNM0102 PNM0102
M3 ANWE203 ANE0203 AMED203 AMD0203 AROT203 ARI0203 AROD203 ARA0203 APE0203 AQE0203 AFM0203 AFN0203 GAM0203 NNM0203 PNM0203
M4 ANWE304 ANE0304 AMED304 AMD0304 AROT304 ARI0304 AROD304 ARA0304 APE0304 AQE0304 GAM0304 NNM0304 PNM0304
M5 ANWE405 ANE0405 AMED405 AMD0405 AROT405 ARI0405 AROD405 ARA0405 APE0405 AQE0405 GAM0405 NNM0405
M6 ANWE506 ANE0506 AMED506 AMD0506 AROT506 ARI0506 AROD506 ARA0506 APE0506 AQE0506 GAM0506 NNM0506
M7 ANWE607 ANE0607 AMED607 AMD0607 AROT607 ARI0607 AROD607 ARA0607 APE0607 AQE0607 GAM0607 NNM0607
M8 ANWE708 ANE0708 AMED708 AMD0708 AROT708 ARI0708 AROD708 ARA0708 APE0708 AQE0708 GAM0708 NNM0708
M9 ANWE809 ANE0809 AMED809 AMD0809 AROT809 ARI0809 AROD809 ARA0809 APE0809 AQE0809 GAM0809 NNM0809
M10 ANWE910 ANE0910 AMED910 AMD0910 AROT910 ARI0910 AROD910 ARA0910 APE0910 AQE0910 GAM0910 NNM0910
M11 ANW1011 ANE1011 AME1011 AMD1011 ARO1011 ARI1011 ARD1011 ARA1011 APE1011 AQE1011 GAM1011 NNM1011
M12 ANW1112 ANE1112 AME1112 AMD1112 ARO1112 ARI1112 ARD1112 ARA1112 APE1112 AQE1112 GAM1112 NNM1112
M13 ANW1213 ANE1213 AME1213 AMD1213 ARO1213 ARI1213 ARD1213 ARA1213 APE1213 AQE1213
M14 ANW1314 ANE1314 AME1314 AMD1314 ARO1314 ARI1314 ARD1314 ARA1314 APE1314 AQE1314
M15 ANW1415 ANE1415 AME1415 AMD1415 ARO1415 ARI1415 ARD1415 ARA1415 APE1415 AQE1415
M16 ANW1516 ANE1516 AME1516 AMD1516 ARO1516 ARI1516 ARD1516 ARA1516 APE1516 AQE1516
M17 ANW1617 ANE1617 AME1617 AMD1617 ARO1617 ARI1617 ARD1617 ARA1617 APE1617 AQE1617
M18 ANW1718 ANE1718 AME1718 AMD1718 ARO1718 ARI1718 ARD1718 ARA1718 APE1718 AQE1718
M19 ANW1819 ANE1819 AME1819 AMD1819 ARO1819 ARI1819 ARD1819 ARA1819 APE1819 AQE1819
M20 ANW1920 ANE1920 AME1920 AMD1920 ARO1920 ARI1920 ARD1920 ARA1920 APE1920 AQE1920
M21 ANW2021 ANE2021 AME2021 AMD2021 ARO2021 ARI2021 ARD2021 ARA2021 APE2021 AQE2021
M22 ANW2122 ANE2122 AME2122 AMD2122 ARO2122 ARI2122 ARD2122 ARA2122 APE2122 AQE2122
M23 ANW2223 ANE2223 AME2223 AMD2223 ARO2223 ARI2223 ARD2223 ARA2223 APE2223 AQE2223
M24 ANW2324 ANE2324 AME2324 AMD2324 ARO2324 ARI2324 ARD2324 ARA2324 APE2324 AQE2324
M25 ANW2425 ANE2425 ARO2425 ARI2425
M26 ANW2526 ANE2526 ARO2526 ARI2526
M27 ANW2627 ANE2627 ARO2627 ARI2627
M28 ANW2728 ANE2728 ARO2728 ARI2728

© 2022 by S&P Global Inc. All rights reserved. 33

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (TIME SPREAD)

FO 1% FO 1% FO 3.5% FO 3.5% FO 3.5% FO 3.5% Marine Fuel Marine Fuel FO 1% FOB FO 1% FOB FO 180 CST FO 380 CST Gasoline Gasoline Naphtha Propane
FOB NWE FOB NWE FOB Med FOB Med FOB FOB 0.5% FOB 0.5% FOB Rotterdam Rotterdam SG vs 3.5% SG vs 3.5% Eurobob Eurobob NWE CIF ARA CIF
Cargo Time Cargo Time Cargo Time Cargo Time Rotterdam Rotterdam Rotterdam Rotterdam Barge Time Barge Time FOB Rdam FOB Rdam 10ppm AR E10 Non- Crg Derivs Large
Spread Spread Spread Spread Barge Time Barge Time Barge Time Barge Time Spread Spread Barge Time Barge Time FOB Brg Oxy FOB Derivs
Crack Crack Spread Spread Spread Spread Crack Spread Spread Derivs AR Barge
Crack Crack Derivs
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Metric Tons Barrel Metric Tons Barrel Metric Tons Barrel Metric Tons Barrel Metric Tons Barrel Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons Metric Tons

BASIS NAME - - - - - - - - - - - - - - - -

M29 ANW2829 ANE2829 ARO2829 ARI2829

M30 ANW2930 ANE2930 ARO2930 ARI2930
M31 ANW3031 ANE3031 ARO3031 ARI3031
M32 ANW3132 ANE3132 ARO3132 ARI3132
M33 ANW3233 ANE3233 ARO3233 ARI3233
M34 ANW3334 ANE3334 ARO3334 ARI3334
M35 ANW3435 ANE3435 ARO3435 ARI3435
M36 ANW3536 ANE3536 ARO3536 ARI3536
Q01
Q02 AHQ0102 APQ0102 AMQ0102 AEQ0102 ARQ0102 ASQ0102 ADQ0102 AFQ0102 ATQ0102 AGQ0102 GAQ0102 NNQ0102 PNQ0102
Q03 AHQ0203 APQ0203 AMQ0203 AEQ0203 ARQ0203 ASQ0203 ADQ0203 AFQ0203 ATQ0203 AGQ0203 GAQ0203 NNQ0203 PNQ0203
Q04 AHQ0304 APQ0304 AMQ0304 AEQ0304 ARQ0304 ASQ0304 ADQ0304 AFQ0304 ATQ0304 AGQ0304 GAQ0304 NNQ0304 PNQ0304
Q05 AHQ0405 APQ0405 AMQ0405 AEQ0405 ARQ0405 ASQ0405 ADQ0405 AFQ0405 ATQ0405 AGQ0405
Q06 AHQ0506 APQ0506 AMQ0506 AEQ0506 ARQ0506 ASQ0506 ADQ0506 AFQ0506 ATQ0506 AGQ0506
Q07 AHQ0607 APQ0607 AMQ0607 AEQ0607 ARQ0607 ASQ0607 ADQ0607 AFQ0607 ATQ0607 AGQ0607
Q08 AHQ0708 APQ0708 AMQ0708 AEQ0708 ARQ0708 ASQ0708 ADQ0708 AFQ0708 ATQ0708 AGQ0708
Q09 AHQ0809 APQ0809 ARQ0809 ASQ0809
Q10 AHQ0910 APQ0910 ARQ0910 ASQ0910
Q11 AHQ1011 APQ1011 ARQ1011 ASQ1011
Q12 AHQ1112 APQ1112 ARQ1112 ASQ1112
Y01
Y02 AXY0102 APY0102 AMY0102 AEY0102 ARY0102 AHY0102 ADY0102 AJY0102 ATY0102 AUY0102
Y03 AXY0203 APY0203 ARY0203 AHY0203

© 2022 by S&P Global Inc. All rights reserved. 34

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (CRACK SPREAD)

Naphtha NWE Naphtha NWE CIF Naphtha NWE CIF Gasoline Prem ARA Gasoline Prem ARA Gasoline Prem ARA Gasoline Eurobob Gasoline Eurobob Gasoline Eurobob Gasoline Premium
CIF Crg Brent Crk Crg London WTI Crg London Dubai London WTI Crack Brent Crk Derivs London Dubai Crack 10ppm ARA FOB 10ppm ARA FOB 10ppm ARA FOB Unleaded 10ppm
Derivs Crack Derivs Crack Derivs Derivs Derivs Brg Brent Crk Brg London Dubai Brg London WTI Mediterranean FOB
Derivs Crack Derivs Crack Derivs Cargo Brent Crack
Derivs BalMo
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - -
BASIS CODE
Bal Month ABWFW00 NPWTB00 NPCDB00 GPWTB00 ABWFU00 GPADB00 ABWFK00 GEADB00 GEAWB00 AMGCM00
M1 AAECX00 NPWT001 NPCD001 GPWT001 AAECF00 GPAD001 ABWFL00 GEAD001 GEAW001 AMGCM01
M2 AAECY00 NPWT002 NPCD002 GPWT002 AAECG00 GPAD002 ABWFM00 GEAD002 GEAW002 AMGCM02
M3 AAEDA00 NPWT003 NPCD003 GPWT003 AAECH00 GPAD003 ABWFN00 GEAD003 GEAW003
M4 AAEDB00 NPWT004 NPCD004 GPWT004 AAECI00 GPAD004 ABWFO00 GEAD004 GEAW004
M5 AAEX005 NPWT005 NPCD005 GPWT005 AAEC005 GPAD005 ABWG005 GEAD005 GEAW005
M6 AAEX006 NPWT006 NPCD006 GPWT006 AAEC006 GPAD006 ABWG006 GEAD006 GEAW006
M7 AAEX007 NPWT007 NPCD007 GPWT007 AAEC007 GPAD007 ABWG007 GEAD007 GEAW007
M8 AAEX008 NPWT008 NPCD008 GPWT008 AAEC008 GPAD008 ABWG008 GEAD008 GEAW008
M9 AAEX009 NPWT009 NPCD009 GPWT009 AAEC009 GPAD009 ABWG009 GEAD009 GEAW009
M10 AAEX010 NPWT010 NPCD010 GPWT010 AAEC010 GPAD010 ABWG010 GEAD010 GEAW010
M11 AAEX011 NPWT011 NPCD011 GPWT011 AAEC011 GPAD011 ABWG011 GEAD011 GEAW011
M12 AAEX012 NPWT012 NPCD012 GPWT012 AAEC012 GPAD012 ABWG012 GEAD012 GEAW012
M13 -
M14 -
M15 -
M16 -
M17 -
M18 -
M19 -
M20 -
M21 -
M22 -
M23 -
M24 -
M25 -
M26 -
M27 -
M28 -

© 2022 by S&P Global Inc. All rights reserved. 35

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (CRACK SPREAD)

Naphtha NWE Naphtha NWE CIF Naphtha NWE CIF Gasoline Prem ARA Gasoline Prem ARA Gasoline Prem ARA Gasoline Eurobob Gasoline Eurobob Gasoline Eurobob Gasoline Premium
CIF Crg Brent Crk Crg London WTI Crg London Dubai London WTI Crack Brent Crk Derivs London Dubai Crack 10ppm ARA FOB 10ppm ARA FOB 10ppm ARA FOB Unleaded 10ppm
Derivs Crack Derivs Crack Derivs Derivs Derivs Brg Brent Crk Brg London Dubai Brg London WTI Mediterranean FOB
Derivs Crack Derivs Crack Derivs Cargo Brent Crack
Derivs BalMo
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - -
BASIS CODE
M29 -
M30 -
M31 -
M32 -
M33 -
M34 -
M35 -
M36 -
Q1 AAEDC00 NPWTQ01 NPCDQ01 GPWTQ01 AAECJ00 GPADQ01 ABWFP00 GEADQ01 GEAWQ01
Q2 AAEDD00 NPWTQ02 NPCDQ02 GPWTQ02 AAECK00 GPADQ02 ABWFQ00 GEADQ02 GEAWQ02
Q3 AAEDE00 NPWTQ03 NPCDQ03 GPWTQ03 AAECL00 GPADQ03 ABWFR00 GEADQ03 GEAWQ03
Q4 AAEDG00 NPWTQ04 NPCDQ04 GPWTQ04 AAECM00 GPADQ04 ABWFS00 GEADQ04 GEAWQ04
Q5
Q6
Q7
Q8
Q9
Q10
Q11
Q12
YEAR 1 NPWTY01 NPCDY01 GPWTY01 GPADY01 ABWGY01 GEADY01 GEAWY01
YEAR 2
YEAR 3

© 2022 by S&P Global Inc. All rights reserved. 36

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (CRACK SPREAD)

LS Gasoil Frontline ULSD 10ppmS FOB ULSD 10ppm CIF ULSD 10ppm CIF Jet CIF NWE Cargo Jet FOB Rdam Barge Gasoil .1%S Gasoil 0.1%S CIF Gasoil .1%S
Brent Crack ARA Barge Brent NWE Cargo Brent MED Cargo Brent Brent Crack Brent Crack (1000ppm) FOB ARA NWE Cargo Brent (1000ppm) CIF Med
Crack Crack Crack Barge Brent Crack Crack Cargo Brent Crack

CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT BASIS NAME - - - - - - - - -

SETTLEMENT BASIS CODE - - - - - - - - -

Bal Month ABWAP00 ABWEN00 ABWDZ00 ABWDL00 ABWCX00 AAXVH00 ABWCH00 ABWBS00 ABWBE00
M1 AAEDP00 AAYTY00 AAXAL01 AAPFG00 AATZA00 AAXVM01 AAYFH00 AAYFZ00 AAXAA01
M2 AAEDQ00 AAYTZ00 AAXAM01 AAPFH00 AATZB00 AAXVM02 AAYFI00 AAYGA00 AAXAB01
M3 AAEDW00 AAYUA00 AAXAN01 AAPFL00 AATZC00 AAYFJ00 AAYGB00 AAXAC01
M4 AAEDS00 AAYUB00 AAXAO01 AAPFT00 AATZD00 AAYFK00 AAYGC00 AAXAD01
M5 AAXMN00 AAYUC00 AAXAP01 AAPFU00 AAXMU01 AAXMR01 AAYGD00 AAXAE01
M6 AAXMO00 AAYUD00 AAXAQ01 AAPFV00 AAXMV01 AAXMS01 AAYGE00 AAXAF01
M7 AAEP007 AAYQ007 AAXC007 AAPF007 AATZ007 AAYF007 AAYG007 AAXB007
M8 AAEP008 AAYQ008 AAXC008 AAPF008 AATZ008 AAYF008 AAYG008 AAXB008
M9 AAEP009 AAYQ009 AAXC009 AAPF009 AATZ009 AAYF009 AAYG009 AAXB009
M10 AAEP010 AAYQ010 AAXC010 AAPF010 AATZ010 AAYF010 AAYG010 AAXB010
M11 AAEP011 AAYQ011 AAXC011 AAPF011 AATZ011 AAYF011 AAYG011 AAXB011
M12 AAEP012 AAYQ012 AAXC012 AAPF012 AATZ012 AAYF012 AAYG012 AAXB012
M13 AAEP013 AAYQ013 AAXC013 AAPF013 AATZ013 AAYF013 AAYG013 AAXB013
M14 AAEP014 AAYQ014 AAXC014 AAPF014 AATZ014 AAYF014 AAYG014 AAXB014
M15 AAEP015 AAYQ015 AAXC015 AAPF015 AATZ015 AAYF015 AAYG015 AAXB015
M16 AAEP016 AAYQ016 AAXC016 AAPF016 AATZ016 AAYF016 AAYG016 AAXB016
M17 AAEP017 AAYQ017 AAXC017 AAPF017 AATZ017 AAYF017 AAYG017 AAXB017
M18 AAEP018 AAYQ018 AAXC018 AAPF018 AATZ018 AAYF018 AAYG018 AAXB018
M19 AAEP019 AAYQ019 AAXC019 AAPF019 AATZ019 AAYF019 AAYG019 AAXB019
M20 AAEP020 AAYQ020 AAXC020 AAPF020 AATZ020 AAYF020 AAYG020 AAXB020
M21 AAEP021 AAYQ021 AAXC021 AAPF021 AATZ021 AAYF021 AAYG021 AAXB021
M22 AAEP022 AAYQ022 AAXC022 AAPF022 AATZ022 AAYF022 AAYG022 AAXB022
M23 AAEP023 AAYQ023 AAXC023 AAPF023 AATZ023 AAYF023 AAYG023 AAXB023
M24 AAEP024 AAYQ024 AAXC024 AAPF024 AATZ024 AAYF024 AAYG024 AAXB024
M25 AAEP025 AATZ025
M26 AAEP026 AATZ026
M27 AAEP027 AATZ027
M28 AAEP028 AATZ028
M29 AAEP029 AATZ029
M30 AAEP030 AATZ030

© 2022 by S&P Global Inc. All rights reserved. 37

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (CRACK SPREAD)

LS Gasoil Frontline ULSD 10ppmS FOB ULSD 10ppm CIF ULSD 10ppm CIF Jet CIF NWE Cargo Jet FOB Rdam Barge Gasoil .1%S Gasoil 0.1%S CIF Gasoil .1%S
Brent Crack ARA Barge Brent NWE Cargo Brent MED Cargo Brent Brent Crack Brent Crack (1000ppm) FOB ARA NWE Cargo Brent (1000ppm) CIF Med
Crack Crack Crack Barge Brent Crack Crack Cargo Brent Crack

CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT BASIS NAME - - - - - - - - -

SETTLEMENT BASIS CODE - - - - - - - - -

M31 AAEP031 AATZ031

M32 AAEP032 AATZ032
M33 AAEP033 AATZ033
M34 AAEP034 AATZ034
M35 AAEP035 AATZ035
M36 AAEP036 AATZ036
Q1 AAEDY00 AAYUE00 AAXAR01 AAPFW00 AATZE00 AAYFL00 AAYGF00 AAXAG01
Q2 AAEDZ00 AAYUF00 AAXAS01 AAPFX00 AATZF00 AAYFM00 AAYGG00 AAXAH01
Q3 AAEEA00 AAYUG00 AAXAT01 AAPFY00 AATZG00 AAYFN00 AAYGH00 AAXAI01
Q4 AAEEB00 AAYUH00 AAXAU01 AAPFZ00 AATZH00 AAYFO00 AAYGI00 AAXAJ01
Q5 AAEPQ05 AAYQQ05 AAXCQ05 AAPFQ05 AATZQ05 AAYFQ05 AAYGQ05 AAXBQ05
Q6 AAEPQ06 AAYQQ06 AAXCQ06 AAPFQ06 AATZQ06 AAYFQ06 AAYGQ06 AAXBQ06
Q7 AAEPQ07 AAYQQ07 AAXCQ07 AAPFQ07 AATZQ07 AAYFQ07 AAYGQ07 AAXBQ07
Q8 AAEPQ08 AAYQQ08 AAXCQ08 AAPFQ08 AATZQ08 AAYFQ08 AAYGQ08 AAXBQ08
Q9 AAEPQ09 AATZQ09
Q10 AAEPQ10 AATZQ10
Q11 AAEPQ11 AATZQ11
Q12 AAEPQ12 AATZQ12
YEAR 1 AAXMP00 AAXMW01 AAXAV01 AAPGA00 AATZI00 AAXMT01 AAXMX01 AAXAK01
YEAR 2 AAXMQ00 AAYQY02 AAXCY02 AAPFY02 AAPRN00 AARCV00 AAYGY02 AAXBY02
YEAR 3 ABWAQ00 AAPRO00

© 2022 by S&P Global Inc. All rights reserved. 38

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (CRACK SPREAD)

FO 1%S NWE FO 3.5%S ARA FO 1%S NWE FO 1%S NWE FO 3.5%S FO 3.5%S FO 3.5%S FO 3.5%S FO 1%S ARA FO 1%S ARA FO 1%S ARA FO 3.5%S Med 0.5% FOB
FOB Crg Brent FOB Brg Brent FOB Crg FOB Crg ARA FOB Brg ARA FOB Brg Med FOB Crg Med FOB Crg Brg London Brg London Brg Brent Crk FOB Crg Brent Rotterdam
Crk Derivs Crk Derivs London WTI London Dubai London WTI London Dubai London WTI London Dubai WTI Crack Dubai Crack Derivs Crk Derivs Marine Fuel
Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Swap Derivs Derivs barge Crk
derivs
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT - - - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - - - -
BASIS NAME
SETTLEMENT
- - - - - - - - - - - -
BASIS CODE
Bal Month ABWAD00 ABWAF00 FNWTB00 FNCDB00 FRWTB00 FRBDB00 FMWTB00 FMCDB00 FAWTB00 FABDB00 ABWAB00 ABWAH00 AMRCB00
M1 AAUAC00 AATZT00 FNWT001 FNCD001 FRWT001 FRBD001 FMWT001 FMCD001 FAWT001 FABD001 AAYTG00 AAYTP00 AMRCM01
M2 AAUAD00 AATZU00 FNWT002 FNCD002 FRWT002 FRBD002 FMWT002 FMCD002 FAWT002 FABD002 AAYTH00 AAYTQ00 AMRCM02
M3 AAUAE00 AATZV00 FNWT003 FNCD003 FRWT003 FRBD003 FMWT003 FMCD003 FAWT003 FABD003 AAYTI00 AAYTR00 AMRCM03
M4 AAUAF00 AATZW00 FNWT004 FNCD004 FRWT004 FRBD004 FMWT004 FMCD004 FAWT004 FABD004 AAYTJ00 AAYTS00 AMRCM04
M5 AAPZN00 AAQDH00 FNWT005 FNCD005 FRWT005 FRBD005 FMWT005 FMCD005 FAWT005 FABD005 AAQDY00 AAQDP00 AMRCM05
M6 AAQDA00 AAQDI00 FNWT006 FNCD006 FRWT006 FRBD006 FMWT006 FMCD006 FAWT006 FABD006 AAQDZ00 AAQDR00 AMRCM06
M7 AAUA007 AATS007 FNWT007 FNCD007 FRWT007 FRBD007 FMWT007 FMCD007 FAWT007 FABD007 AAYT007 AAYP007 AMRCM07
M8 AAUA008 AATS008 FNWT008 FNCD008 FRWT008 FRBD008 FMWT008 FMCD008 FAWT008 FABD008 AAYT008 AAYP008 AMRCM08
M9 AAUA009 AATS009 FNWT009 FNCD009 FRWT009 FRBD009 FMWT009 FMCD009 FAWT009 FABD009 AAYT009 AAYP009 AMRCM09
M10 AAUA010 AATS010 FNWT010 FNCD010 FRWT010 FRBD010 FMWT010 FMCD010 FAWT010 FABD010 AAYT010 AAYP010 AMRCM10
M11 AAUA011 AATS011 FNWT011 FNCD011 FRWT011 FRBD011 FMWT011 FMCD011 FAWT011 FABD011 AAYT011 AAYP011 AMRCM11
M12 AAUA012 AATS012 FNWT012 FNCD012 FRWT012 FRBD012 FMWT012 FMCD012 FAWT012 FABD012 AAYT012 AAYP012 AMRCM12
M13 AAUA013 AATS013 FNWT013 FNCD013 FRWT013 FRBD013 FMWT013 FMCD013 FAWT013 FABD013 AAYT013 AAYP013 AMRCM13
M14 AAUA014 AATS014 FNWT014 FNCD014 FRWT014 FRBD014 FMWT014 FMCD014 FAWT014 FABD014 AAYT014 AAYP014 AMRCM14
M15 AAUA015 AATS015 FNWT015 FNCD015 FRWT015 FRBD015 FMWT015 FMCD015 FAWT015 FABD015 AAYT015 AAYP015 AMRCM15
M16 AAUA016 AATS016 FNWT016 FNCD016 FRWT016 FRBD016 FMWT016 FMCD016 FAWT016 FABD016 AAYT016 AAYP016 AMRCM16
M17 AAUA017 AATS017 FNWT017 FNCD017 FRWT017 FRBD017 FMWT017 FMCD017 FAWT017 FABD017 AAYT017 AAYP017 AMRCM17
M18 AAUA018 AATS018 FNWT018 FNCD018 FRWT018 FRBD018 FMWT018 FMCD018 FAWT018 FABD018 AAYT018 AAYP018 AMRCM18
M19 AAUA019 AATS019 FNWT019 FNCD019 FRWT019 FRBD019 FMWT019 FMCD019 FAWT019 FABD019 AAYT019 AAYP019 AMRCM19
M20 AAUA020 AATS020 FNWT020 FNCD020 FRWT020 FRBD020 FMWT020 FMCD020 FAWT020 FABD020 AAYT020 AAYP020 AMRCM20
M21 AAUA021 AATS021 FNWT021 FNCD021 FRWT021 FRBD021 FMWT021 FMCD021 FAWT021 FABD021 AAYT021 AAYP021 AMRCM21
M22 AAUA022 AATS022 FNWT022 FNCD022 FRWT022 FRBD022 FMWT022 FMCD022 FAWT022 FABD022 AAYT022 AAYP022 AMRCM22
M23 AAUA023 AATS023 FNWT023 FNCD023 FRWT023 FRBD023 FMWT023 FMCD023 FAWT023 FABD023 AAYT023 AAYP023 AMRCM23
M24 AAUA024 AATS024 FNWT024 FNCD024 FRWT024 FRBD024 FMWT024 FMCD024 FAWT024 FABD024 AAYT024 AAYP024 AMRCM24
M25 AAUA025 AATS025 FNWT025 FNCD025 FRWT025 FRBD025
M26 AAUA026 AATS026 FNWT026 FNCD026 FRWT026 FRBD026

© 2022 by S&P Global Inc. All rights reserved. 39

Specifications Guide Global Platts Forward Curve Products: August 2022

EUROPE: REFINED OIL PRODUCTS (CRACK SPREAD)

FO 1%S NWE FO 3.5%S ARA FO 1%S NWE FO 1%S NWE FO 3.5%S FO 3.5%S FO 3.5%S FO 3.5%S FO 1%S ARA FO 1%S ARA FO 1%S ARA FO 3.5%S Med 0.5% FOB
FOB Crg Brent FOB Brg Brent FOB Crg FOB Crg ARA FOB Brg ARA FOB Brg Med FOB Crg Med FOB Crg Brg London Brg London Brg Brent Crk FOB Crg Brent Rotterdam
Crk Derivs Crk Derivs London WTI London Dubai London WTI London Dubai London WTI London Dubai WTI Crack Dubai Crack Derivs Crk Derivs Marine Fuel
Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Swap Derivs Derivs barge Crk
derivs
CURRENCY US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT - - - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - - - -
BASIS NAME
M27 AAUA027 AATS027 FNWT027 FNCD027 FRWT027 FRBD027
M28 AAUA028 AATS028 FNWT028 FNCD028 FRWT028 FRBD028
M29 AAUA029 AATS029 FNWT029 FNCD029 FRWT029 FRBD029
M30 AAUA030 AATS030 FNWT030 FNCD030 FRWT030 FRBD030
M31 AAUA031 AATS031 FNWT031 FNCD031 FRWT031 FRBD031
M32 AAUA032 AATS032 FNWT032 FNCD032 FRWT032 FRBD032
M33 AAUA033 AATS033 FNWT033 FNCD033 FRWT033 FRBD033
M34 AAUA034 AATS034 FNWT034 FNCD034 FRWT034 FRBD034
M35 AAUA035 AATS035 FNWT035 FNCD035 FRWT035 FRBD035
M36 AAUA036 AATS036 FNWT036 FNCD036 FRWT036 FRBD036
Q1 AAUAG00 AATZX00 FNWTQ01 FNCDQ01 FRWTQ01 FRBDQ01 FMWTQ01 FMCDQ01 FAWTQ01 FABDQ01 AAYTK00 AAYTT00 AMRCQ01
Q2 AAUAH00 AATZY00 FNWTQ02 FNCDQ02 FRWTQ02 FRBDQ02 FMWTQ02 FMCDQ02 FAWTQ02 FABDQ02 AAYTL00 AAYTU00 AMRCQ02
Q3 AAUAI00 AATZZ00 FNWTQ03 FNCDQ03 FRWTQ03 FRBDQ03 FMWTQ03 FMCDQ03 FAWTQ03 FABDQ03 AAYTM00 AAYTV00 AMRCQ03
Q4 AAUAJ00 AAUAA00 FNWTQ04 FNCDQ04 FRWTQ04 FRBDQ04 FMWTQ04 FMCDQ04 FAWTQ04 FABDQ04 AAYTN00 AAYTW00 AMRCQ04
Q5 AAUAQ05 AATSQ05 FNWTQ05 FNCDQ05 FRWTQ05 FRBDQ05 FMWTQ05 FMCDQ05 FAWTQ05 FABDQ05 AAYTQ05 AAYPQ05 AMRCQ05
Q6 AAUAQ06 AATSQ06 FNWTQ06 FNCDQ06 FRWTQ06 FRBDQ06 FMWTQ06 FMCDQ06 FAWTQ06 FABDQ06 AAYTQ06 AAYPQ06 AMRCQ06
Q7 AAUAQ07 AATSQ07 FNWTQ07 FNCDQ07 FRWTQ07 FRBDQ07 FMWTQ07 FMCDQ07 FAWTQ07 FABDQ07 AAYTQ07 AAYPQ07 AMRCQ07
Q8 AAUAQ08 AATSQ08 FNWTQ08 FNCDQ08 FRWTQ08 FRBDQ08 FMWTQ08 FMCDQ08 FAWTQ08 FABDQ08 AAYTQ08 AAYPQ08 AMRCQ08
Q9 AAUAQ09 AATSQ09 FNWTQ09 FNCDQ09 FRWTQ09 FRBDQ09
Q10 AAUAQ10 AATSQ10 FNWTQ10 FNCDQ10 FRWTQ10 FRBDQ10
Q11 AAUAQ11 AATSQ11 FNWTQ11 FNCDQ11 FRWTQ11 FRBDQ11
Q12 AAUAQ12 AATSQ12 FNWTQ12 FNCDQ12 FRWTQ12 FRBDQ12
YEAR 1 AAUAK00 AAUAB00 FNWTY01 FNCDY01 FRWTY01 FRBDY01 FMWTY01 FMCDY01 FAWTY01 FABDY01 AAYTO00 AAYTX00 AMRCY01
YEAR 2 AAQDB00 AAQDJ00 FNWTY02 FNCDY02 FRWTY02 FRBDY02 FMWTY02 FMCDY02 FAWTY02 FABDY02 AAQEA00 AAQDS00 AMRCY02
YEAR 3

© 2022 by S&P Global Inc. All rights reserved. 40

Specifications Guide Global Platts Forward Curve Products: August 2022

Europe in line with the relevant exchange’s futures expiry calendar.

Refined oil products
Platts publishes monthly, quarterly and yearly spreads for both
In Europe, PFC Oil assessments reflect a market on close value contracts. Platts also publishes assessments for WTI-Brent Propane: Platts CIF ARA propane derivatives are assessed as
at 16:30:00 London time for all published forward curves. futures spreads for all relevant points along this curve. Platts an outright value and are denominated in dollars per metric ton.
16:30 assessments of Brent futures are incorporated into the The underlying physical basis is the Platts CIF NWE Large Cargo
Brent frontline derivative calculations. assessment. Balance-month, four forward months and four
Crude oil
forward quarters are assessed as well as relevant timespreads.
ICE Brent frontline derivatives: A Brent frontline derivative is Brent CFDs: Brent CFDs (Contract for Difference) are derivatives,
a calendar month derivative that is settled using the ICE Brent assessed by Platts for each of eight weeks ahead of the day The propane/naphtha derivatives spread represents the
futures contract. The derivative is financially settled using the of publication. They represent the market differential in price difference between the equivalent CIF ARA propane derivative
closing price on each day of the month, for whichever futures between the Dated Brent assessment and a forward month cash and the CIF NWE naphtha cargo derivative. Balance-month, four
contract is most prompt on each day (with the exception of the BFOE contract, over the contractual period of the derivative. forward months and four forward quarters are assessed.
expiration date of the front-month’s futures contract when the The first weekly contract represents the balance of the week
future’s contract referenced is that for the second month). Daily from Monday to Wednesday, thereafter rolling to represent the Gasoline: Platts Eurobob gasoline derivatives are assessed
Brent frontline derivatives are calculated using mean-adjusted following full working week. as a flat price and are denominated in dollars per metric ton.
values for the number of trading days that each futures contract The underlying physical basis is the Eurobob FOB AR barge
spends as the front-month (with the exception of the front- Urals CFD (Med and NWE): Urals CFDs are derivatives assessed assessment. Balance-month, 12 forward months, four forward
month’s expiry date). This is done by calculating the number of by Platts for Urals Mediterranean and NWE. These are quarters and one forward calendar year are assessed as well as
trading days within each month, which will vary according to the published for each of the forward three months ahead of the the related timespreads. Platts also assesses Eurobob FOB AR
calendar month. day publication. They represent the market differential between barge crack derivatives as a differential to ICE Brent futures and
the outright Urals assessment (for both the Mediterranean and these are assessed in dollars per barrel
Platts also publishes WTI outright derivative assessments, Dubai NWE) over the contractual period and Dated Brent over the same
outright derivative assessments, WTI/Brent spreads, Brent/ period. Platts also assesses balance-month and the first three
Dubai ESS (Exchange of Swaps for Swaps), Brent/Dubai EFS forward months of Platts E10 derivatives as well as the related
(Exchange of Futures for Swaps) and inter-month spreads for CPC Blend CFD (Med): CPC Blend CFDs are derivatives assessed timespreads. These are flat price assessments denominated in
36 months forward for all outright price instruments at 16:30:00 by Platts for physical CPC Blend crude oil. These are published dollars per metric ton.
London time. for each of the forward three months ahead of the day of
publication. They represent the market differential between the Platts also assesses balance-month, 12 forward months, four
DFLs (Dated-to-Frontline): An active derivatives market exists in outright CPC Blend assessment over the contractual period and forward quarters and one forward calendar year for premium
trading the difference between Platts Dated Brent assessments Dated Brent over the same period. unleaded gasoline 10 ppm barge derivatives using the premium
and the ICE Frontline futures contract, known as the Dated- unleaded 10 PPM FOB AR barge assessment as the underlying
to-Frontline derivative. The Dated-to-Frontline derivatives are Brent/Dubai EFS (Exchange of Futures for Swaps): This enables physical basis. Platts also assesses premium unleaded gasoline
assessed 36 months forward, 12 quarters forward and three holders of ICE Brent futures to exchange their Brent futures 10ppm barge FOB AR barge.crack derivatives as a differential to
calendar years. position for a forward month Dubai crude derivative. The ICE ICE Brent futures and these are assessed in dollars per barrel
Brent position is converted into a Dubai monthly derivative, plus
Brent and WTI Crude futures: Platts publishes assessments a premium for the quality spread. The EFS is assessed for two Platts premium unleaded 10 PPM FOB Med cargo derivatives
for ICE Brent and NYMEX WTI crude futures, reflecting value calendar months forward. are assessed as a flat price and are denominated in dollars
at 16:30:00 London time. Platts publishes assessments for per metric ton. The underlying physical basis is the premium
35 months, 11 quarters and three years forward, which roll unleaded 10 PPM FOB Med cargo assessment. Balance-month,

© 2022 by S&P Global Inc. All rights reserved. 41

Specifications Guide Global Platts Forward Curve Products: August 2022

front-month and second months are assessed. 0.1% Gasoil, ULSD and Jet derivatives. To calculate flat price assesses its ICE low sulfur gasoil futures curve for 36 forward
derivatives, Platts takes the relevant product’s differential months, 12 forward quarters and three calendar years. The roll of
Platts also publishes the premium unleaded 10 ppm FOB Med swap (gasoil, diesel or jet fuel) and adds it to the relevant ICE the front-month ICE low-sulfur gasoil futures is in line with the
cargo derivatives as a differential to the Eurobob FOB ARA barge Low Sulfur Gasoil Frontline. Crack spreads are calculated expiry calendar published by the Intercontinental Exchange, with
derivatives for the relevant months, termed the “Med/North as the differential of flat price derivatives to assessed Brent the expiry typically happening at 12:00 noon two business days
differential”. frontline derivatives. The factors used to convert from $/ton to prior to the 14th of the month. As an example the ICE LSGO July
$/b are 7.45 for diesel and gasoil and 7.88 for jet fuel. As an 2018 futures contract expired at 12:00 noon on July 12, when the
Premium unleaded 10 PPM FOB Med crack derivatives are example, to calculate the FOB ARA 0.1% Gasoil barge derivatives nearest front-month contract became the August 2018 futures
assessed as a differential to ICE Brent crude futures and for September: September gasoil frontline ($650/mt) plus contract. Platts assessed the prevailing value at 16:30 London
assessed in dollars per barrel. Like the outright gasoline FOB September gasoil barge derivatives ($-4.50) = $645.50/mt. time based on outright ICE LSGO futures contracts as well as
Med cargo derivatives, the crack spreads are assessed for the inter-month spreads assessed at the European close.
balance-month, front-month and second month. Jet fuel: The Platts Jet CIF NWE cargo derivatives are assessed
as a differential to ICE Low Sulfur Gasoil futures and are Gasoil frontline swaps: These are calendar month derivatives
Naphtha: Platts naphtha cargoes CIF NWE are assessed as a denominated in dollars per metric ton. The forward curve is that are settled using the ICE LSGO Futures contract. Gasoil
flat price and are denominated in dollars per metric ton. The assessed for 36 forward months, 12 forward quarters and three frontline derivatives are calculated by adjusting the value for the
underlying physical basis is the naphtha cargoes CIF NWE cargo calendar years. Platts Jet FOB Rotterdam barge derivatives are proportion of business days that each futures contracts trades
assessment. Balance-month, 12 forward months, four forward assessed as a differential to ICE Low Sulfur Gasoil futures and as the front-month (for example, in calendar May, approximately
quarters and one forward calendar year are assessed as well as denominated in dollars per metric ton. The forward curve is 33% will be the May gasoil futures contract and 66% will be the
the relevant timespreads. assessed for three months forward. June month contract).

Naphtha cargoes CIF NWE crack derivatives are assessed as a Diesel: Platts 10 ppm FOB ARA ULSD barge derivatives, Platts ICE Gasoil Settlement values: Platts publishes the nearest six
differential to ICE Brent crude futures and assessed in dollars CIF NWE 10 ppm cargo (basis ARA) derivatives, and Platts 10 settlement values for the ICE Low Sulfur Gasoil contracts as well
per barrel. Like the outright naphtha derivatives, the crack ppm diesel CIF MED derivatives are assessed as a differential to as a midday expiry value when applicable. The published ICE
spreads are assessed for balance-month, 12 forward months, ICE Low Sulfur Gasoil futures and are denominated in dollars per gasoil settlement values are reported by the Intercontinental
four forward quarters and one forward calendar year. metric ton. The forward curve is assessed for 24 forward months, Exchange.
eight forward quarters and two forward years.
The Naphtha CFR MOPJ vs Naphtha NWE CIF Cargo derivative Fuel oil derivatives: Platts assesses the following kinds of
or naphtha “East/West” derivative represents the difference Gasoil: Platts 0.1% Gasoil ARA barge derivatives, 0.1% Gasoil CIF European fuel oil derivatives:
between the comparable month’s Mean of Platts Japan (MOPJ) NWE cargo derivatives and 0.1% CIF Med cargo derivatives are
Naphtha derivative and the naphtha cargoes CIF NWE derivative. assessed as a differential to ICE Low Sulfur Gasoil futures and 1% Fuel Oil FOB North West Europe (NWE) cargo derivatives
The MOPJ naphtha derivative settles against Platts C+F Japan are denominated in dollars per metric ton. The forward curve is
naphtha assessments as published in the Asia-Pacific/Arab Gulf assessed for 24 forward months, eight forward quarters and two 3.5% Fuel Oil FOB Rotterdam barge derivatives
Marketscan. The assessments are published for three forward forward years.
calendar months forward. 3.5% Fuel Oil FOB Mediterranean (MED) cargo derivatives
ICE LSGO Futures at 16:30 London time: The ICE gasoil futures
Middle distillates: Middle distillate derivatives are typically contract specification switched from 0.1%, or 1,000 ppm sulfur 1% Fuel Oil FOB Rotterdam barge derivatives
assessed as a differential to ICE Low Sulfur Gasoil futures. to 10 ppm low sulfur gasoil in January 2015. All middle distillate
In addition to differential derivative values, Platts publishes derivative assessments listed from January 2015 onwards are 180 CST Fuel Oil FOB Singapore Cargo vs 3.5% Fuel Oil FOB
flat price derivative values and crack derivative values for all in relation to the ICE Low Sulfur Gasoil futures contract. Platts Rotterdam Barge derivatives

© 2022 by S&P Global Inc. All rights reserved. 42

Specifications Guide Global Platts Forward Curve Products: August 2022

The high sulfur 3.5% FOB Rotterdam derivatives form the barges as published in Platts European Marketscan. The 1% conversion factor for the derivatives contracts is 6.35 -- in line
basis of all other fuel oil derivative assessments. They are FOB NWE cargo derivatives are priced against the Northwest with the conversion factor for Platts physical Marine Fuel 0.5%
frequently traded on a flat-price basis. Other fuel oil derivative European cargoes in Platts Marketscan. The 3.5% FOB MED assessments and with the prevailing qualities of fuel oil.
assessments, however, are most commonly traded as a cargo derivatives are priced against the FOB MED (basis Italy)
differential to the 3.5% fuel oil barge derivative, specifically the 3.5% fuel oil assessment as assessed on Marketscan. The 180 FOB Rotterdam barge Marine Fuel 0.5% derivatives settle
1% cargoes, the 1% barges and the 3.5% cargoes. The 180 CST CST Singapore Fuel Oil Cargo vs 3.5% Fuel Oil FOB Rotterdam against the FOB Rotterdam barge Marine Fuel 0.5%
FOB SG Cargo versus 3.5% Fuel Oil FOB Rotterdam Barge is also Barge derivatives are priced against the 180 CST FOB Singapore assessments as published in the Platts European Marketscan.
traded as a differential. cargo and 3.5% Rotterdam barges as published in Platts Asia Platts publishes derivatives assessments for balance month,
Pacific/Arab Gulf Marketscan and Platts European Marketscan 24 subsequent months, inter-month spreads and eight quarters
The differentials are as follows: respectively. and two years from the month of publication. In addition, Platts
publishes the differential to FO 3.5% FOB Rotterdam Barge
■ 3.5% FOB Rotterdam barges versus 3.5% FOB MED cargoes, Forward curves for the 3.5% FOB Rotterdam barge derivatives derivatives and crack values relative to Brent 1st Line Swaps for
termed the “Med-North differential” and the 1% FOB NWE cargo derivative assessments are the same period.
assessed for 36 months forward, 12 quarters forward and three
■ 1% FOB NWE cargoes versus 3.5% FOB Rotterdam barges, calendar years forward. The forward curves for the 3.5% FOB All European fuel oil and marine fuel oil derivatives are assessed
termed the “hilo differential” MED cargo derivatives and the 1% Rotterdam barge derivative as dollars per metric ton. Each derivative assessment contains
assessments are assessed for 24 months forward, eight the flat-price value of the derivative, the relevant differential and
■ 1% FOB Rotterdam barges versus 1% FOB NWE cargoes, quarters forward and two calendar years forward. The 180 CST the crack value. Crack derivatives are assessed in $/barrel and
termed the “barge/cargo differential” Singapore Fuel Oil Cargo vs 3.5% Fuel Oil FOB Rotterdam Barge are generated using the Brent frontline derivatives. The cracks
derivatives assessments are assessed for the first three full are published on each page alongside the flat-price for each fuel
180 CST FOB SG Cargoes versus 3.5% Fuel Oil FOB Rotterdam months forward. oil curve.
Barges, termed the “east/west differential”
Marine fuel 0.5% derivatives: Platts assesses financially settled Platts assesses time spreads, as well as Brent Crack time
The 3.5% FOB Rotterdam barge derivatives and the 1% FOB NWE derivatives contracts that settle against its physical Marine spreads, for its European fuel oil and marine fuel derivative
derivatives are priced against the 3.5% and 1% FOB Rotterdam Fuel 0.5% assessments in Europe. The metric ton-to-barrel assessments.

© 2022 by S&P Global Inc. All rights reserved. 43

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: CRUDE OIL

ICE Brent Futures Brent Frontline Derivs NYMEX WTI Futures at WTI Frontline Derivs WTI-Brent Derivs Dubai Derivs WTI-Dubai Derivs
Houston close
CURRENCY US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT BASIS NAME - Brent Futures Settlement - WTI Futures Settlement - Platts Dubai

SETTLEMENT BASIS CODE - XILL001 - AAWS001 - PCAAT00

M1 AAQBG00 BHFSM01 NYCRM01 AARVC00 AAHLP00 DUFH001 WTIDM01

M2 AAQBH00 BHFSM02 NYCRM02 AARVD00 AAHLQ00 DUFH002 WTIDM02
M3 AAXZZ00 BHFSM03 NYCRM03 AARVE00 AAHLR00 DUFH003 WTIDM03
M4 AAYAL00 BHFSM04 NYCRM04 AARVF00 AAHLS00 DUFH004 WTIDM04
M5 - BHFSM05 - AARVG00 AAHLM05 DUFH005 WTIDM05
M6 - BHFSM06 - AARVH00 AAHLM06 DUFH006 WTIDM06
M7 - BHFSM07 - AARVM07 AAHLM06 DUFH007 WTIDM07
M8 - BHFSM08 - AARVM08 AAHLM08 DUFH008 WTIDM08
M9 - BHFSM09 - AARVM09 AAHLM09 DUFH009 WTIDM09
M10 - BHFSM10 - AARVM10 AAHLM10 DUFH010 WTIDM10
M11 - BHFSM11 - AARVM11 AAHLM11 DUFH011 WTIDM11
M12 - BHFSM12 - AARVM12 AAHLM12 DUFH012 WTIDM12
M13 - BHFSM13 - AARVM13 AAHLM13 DUFH013 WTIDM13
M14 - BHFSM14 - AARVM14 AAHLM14 DUFH014 WTIDM14
M15 - BHFSM15 - AARVM15 AAHLM15 DUFH015 WTIDM15
M16 - BHFSM16 - AARVM16 AAHLM16 DUFH016 WTIDM16
M17 - BHFSM17 - AARVM17 AAHLM17 DUFH017 WTIDM17
M18 - BHFSM18 - AARVM18 AAHLM18 DUFH018 WTIDM18
M19 - BHFSM19 - AARVM19 AAHLM19 DUFH019 WTIDM19
M20 - BHFSM20 - AARVM20 AAHLM20 DUFH020 WTIDM20
M21 - BHFSM21 - AARVM21 AAHLM21 DUFH021 WTIDM21
M22 - BHFSM22 - AARVM22 AAHLM22 DUFH022 WTIDM22
M23 - BHFSM23 - AARVM23 AAHLM23 DUFH023 WTIDM23
M24 - BHFSM24 - AARVM24 AAHLM24 DUFH024 WTIDM24
M25 - BHFSM25 - AARVM25 AAHLM25 DUFH025 WTIDM25
M26 - BHFSM26 - AARVM26 AAHLM26 DUFH026 WTIDM26
M27 - BHFSM27 - AARVM27 AAHLM27 DUFH027 WTIDM27
M28 - BHFSM28 - AARVM28 AAHLM28 DUFH028 WTIDM28
M29 - BHFSM29 - AARVM29 AAHLM29 DUFH029 WTIDM29
M30 - BHFSM30 - AARVM30 AAHLM30 DUFH030 WTIDM30
M31 - BHFSM31 - AARVM31 AAHLM31 DUFH031 WTIDM31
M32 - BHFSM32 - AARVM32 AAHLM32 DUFH032 WTIDM32

© 2022 by S&P Global Inc. All rights reserved. 44

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: CRUDE OIL

ICE Brent Futures Brent Frontline Derivs NYMEX WTI Futures at WTI Frontline Derivs WTI-Brent Derivs Dubai Derivs WTI-Dubai Derivs
Houston close
CURRENCY US$ US$ US$ US$ US$ US$ US$

UOM Barrels Barrels Barrels Barrels Barrels Barrels Barrels

SETTLEMENT BASIS NAME - Brent Futures Settlement - WTI Futures Settlement - Platts Dubai

SETTLEMENT BASIS CODE - XILL001 - AAWS001 - PCAAT00

M33 - BHFSM33 - AARVM33 AAHLM33 DUFH033 WTIDM33

M34 - BHFSM34 - AARVM34 AAHLM34 DUFH034 WTIDM34
M35 - BHFSM35 - AARVM35 AAHLM35 DUFH035 WTIDM35
M36 - BHFSM36 - AARVM36 AAHLM36 DUFH036 WTIDM36
Q1 - BHFSQ01 - AARVI00 AAHLV00 DUFHQ01 WTIDQ01
Q2 - BHFSQ02 - AARVJ00 AAHLW00 DUFHQ02 WTIDQ02
Q3 - BHFSQ03 - AARVK00 AAHLX00 DUFHQ03 WTIDQ03
Q4 - BHFSQ04 - AARVL00 AAHLY00 DUFHQ04 WTIDQ04
Q5 - BHFSQ05 - AARVM00 AAHLQ05 DUFHQ05 WTIDQ05
Q6 - BHFSQ06 - AARVN00 AAHLQ06 DUFHQ06 WTIDQ06
Q7 - BHFSQ07 - AARVQ07 AAHLQ07 DUFHQ07 WTIDQ07
Q8 - BHFSQ08 - AARVQ08 AAHLQ08 DUFHQ08 WTIDQ08
Q9 - BHFSQ09 - AARVQ09 AAHLQ09 DUFHQ09 WTIDQ09
Q10 - BHFSQ10 - AARVQ10 AAHLQ10 DUFHQ10 WTIDQ10
Q11 - BHFSQ11 - AARVQ11 AAHLQ11 DUFHQ11 WTIDQ11
Q12 - BHFSQ12 - AARVQ12 AAHLQ12 DUFHQ12 WTIDQ12
YEAR 1 - BHFSY01 - AARVO00 AAHLZ00 DUFHY01 WTIDY01
YEAR 2 - BHFSY02 - AARVP00 AAHMA00 DUFHY02 WTIDY02
YEAR 3 - BHFSY03 - AARVQ00 AAHMB00 DUFHY03 WTIDY03

© 2022 by S&P Global Inc. All rights reserved. 45

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: CRUDE OIL (TIME SPREAD)

Brent Frontline Time Spread Derivs WTI Frontline Time Spread Derivs Dubai Time Spread Derivs WTI-Dubai Time Spread Derivs
CURRENCY US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels
SETTLEMENT BASIS NAME - - - -
SETTLEMENT BASIS CODE - - - -
M1/M2 BFM0102 WFM0102 DUT0102 WDM0102
M2/M3 BFM0203 WFM0203 DUT0203 WDM0203
M3/M4 BFM0304 WFM0304 DUT0304 WDM0304
M4/M5 BFM0405 WFM0405 DUT0405 WDM0405
M5/M6 BFM0506 WFM0506 DUT0506 WDM0506
M6/M7 BFM0607 WFM0607 DUT0607 WDM0607
M7/M8 BFM0708 WFM0708 DUT0708 WDM0708
M8/M9 BFM0809 WFM0809 DUT0809 WDM0809
M9/M10 BFM0910 WFM0910 DUT0910 WDM0910
M10/M11 BFM1011 WFM1011 DUT1011 WDM1011
M11/M12 BFM1112 WFM1112 DUT1112 WDM1112
M12/M13 BFM1213 WFM1213 DUT1213 WDM1213
M13/M14 BFM1314 WFM1314 DUT1314 WDM1314
M14/M15 BFM1415 WFM1415 DUT1415 WDM1415
M15/M16 BFM1516 WFM1516 DUT1516 WDM1516
M16/M17 BFM1617 WFM1617 DUT1617 WDM1617
M17/M18 BFM1718 WFM1718 DUT1718 WDM1718
M18/M19 BFM1819 WFM1819 DUT1819 WDM1819
M19/M20 BFM1920 WFM1920 DUT1920 WDM1920
M20/M21 BFM2021 WFM2021 DUT2021 WDM2021
M21/M22 BFM2122 WFM2122 DUT2122 WDM2122
M22/M23 BFM2223 WFM2223 DUT2223 WDM2223
M23/M24 BFM2324 WFM2324 DUT2324 WDM2324
M24/M25 BFM2425 WFM2425 DUT2425 WDM2425
M25/M26 BFM2526 WFM2526 DUT2526 WDM2526
M26/M27 BFM2627 WFM2627 DUT2627 WDM2627
M27/M28 BFM2728 WFM2728 DUT2728 WDM2728
M28/M29 BFM2829 WFM2829 DUT2829 WDM2829
M29/M30 BFM2930 WFM2930 DUT2930 WDM2930
M30/M31 BFM3031 WFM3031 DUT3031 WDM3031
M31/M32 BFM3132 WFM3132 DUT3132 WDM3132
M32/M33 BFM3233 WFM3233 DUT3233 WDM3233
M33/M34 BFM3334 WFM3334 DUT3334 WDM3334
M34/M35 BFM3435 WFM3435 DUT3435 WDM3435

© 2022 by S&P Global Inc. All rights reserved. 46

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: CRUDE OIL (TIME SPREAD)

Brent Frontline Time Spread Derivs WTI Frontline Time Spread Derivs Dubai Time Spread Derivs WTI-Dubai Time Spread Derivs
CURRENCY US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels
SETTLEMENT BASIS NAME - - - -
SETTLEMENT BASIS CODE - - - -
M35/M36 BFM3536 WFM3536 DUT3536 WDM3536
Q1/Q2 BFQ0102 WFQ0102 DUQ0102 WDQ0102
Q2/Q3 BFQ0203 WFQ0203 DUQ0203 WDQ0203
Q3/Q4 BFQ0304 WFQ0304 DUQ0304 WDQ0304
Q4/Q5 BFQ0405 WFQ0405 DUQ0405 WDQ0405
Q5/Q6 BFQ0506 WFQ0506 DUQ0506 WDQ0506
Q6/Q7 BFQ0607 WFQ0607 DUQ0607 WDQ0607
Q7/Q8 BFQ0708 WFQ0708 DUQ0708 WDQ0708
Q8/Q9 BFQ0809 WFQ0809 DUQ0809 WDQ0809
Q9/Q10 BFQ0910 WFQ0910 DUQ0910 WDQ0910
Q10/Q11 BFQ1011 WFQ1011 DUQ1011 WDQ1011
Q11/Q12 BFQ1112 WFQ1112 DUQ1112 WDQ1112
Y1/Y2 BFY0102 WFY0102 DUY0102 WDY0102
Y2/Y3 BFY0203 WFY0203 DUY0203 WDY0203

AMERICAS: REFINED OIL PRODUCTS

USGC Propane RBOB Frontline USGC Unleaded USGC CBOB ULSD Frontline USAC Jet Derivs USGC Jet Derivs USWC Jet Derivs USGC ULSD USGC HSFO USGC Marine USAC 1% Fuel
Derivs Derivs 87 Gasoline Gasoline Derivs Derivs Derivs Derivs Fuel 0.5% Derivs Oil Derivs
Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US$ US$ US$
UOM Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Barrels Barrels Barrels
SETTLEMENT NA RBOB Futures Gasoline Unl 87 Gasoline CBOB ULSD Futures Jet Kero New Jet Kero 54 Jet Kero Los ULSD USGC FO No6 USGC Marine FO No6 1.0%
BASIS NAME Settlement USGC Prompt 87 USGC Prompt Settlement York Harbor USGC Prompt Angeles CA Prompt Pipeline 3.0%S USGC Fuel 0.5% NYH Delivered
Pipeline Pipeline Barge Pipeline Pipeline Waterborne
SETTLEMENT NA AARS001 PGACT00 AARQU00 AAHS001 PJAAW00 PJABO00 PJAAP00 AATGY00 PUAFZ00 AUGMA00 PUAAO00
BASIS CODE
Bal Month - - ADAAB00 AUCBB00 - - ADACB00 - ADADB00 AARZT00 AUSAB00 AARZS00
M1 AAHYX00 AAULP00 AAHEN01 AUCBM01 AAULH00 AAHFD01 AAHFQ01 AAHGD01 AAVTS01 PUAXJ00 AUSAM01 PUAXD00
M2 AAHYY00 AAULQ00 AAHEO01 AUCBM02 AAULI00 AAHFE01 AAHFR01 AAHGE01 AAVTT01 PUAXL00 AUSAM02 PUAXF00
M3 AAHYZ00 AAULR00 AAHEP01 AUCBM03 AAULJ00 AAHFF01 AAHFS01 AAHGF01 AAVTU01 AAHKH00 AUSAM03 AAHJH00
M4 - AAULS00 AAHEQ01 AUCBM04 AAULK00 AAHFG01 AAHFT01 AAHGG01 AAVTV01 AAHKI00 AUSAM04 AAHJI00
M5 - AAULM05 AAHDM05 AUCBM05 AAUMM05 AAHEM05 AAHGM05 AAJGM05 AAWTM05 AAHKJ00 AUSAM05 AAHJJ00
M6 - AAULM06 AAHDM06 AUCBM06 AAUMM06 AAHEM06 AAHGM06 AAJGM06 AAWTM06 AAHKK00 AUSAM06 AAHJK00

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Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: REFINED OIL PRODUCTS

USGC Propane RBOB Frontline USGC Unleaded USGC CBOB ULSD Frontline USAC Jet Derivs USGC Jet Derivs USWC Jet Derivs USGC ULSD USGC HSFO USGC Marine USAC 1% Fuel
Derivs Derivs 87 Gasoline Gasoline Derivs Derivs Derivs Derivs Fuel 0.5% Derivs Oil Derivs
Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US$ US$ US$
UOM Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Barrels Barrels Barrels
SETTLEMENT NA RBOB Futures Gasoline Unl 87 Gasoline CBOB ULSD Futures Jet Kero New Jet Kero 54 Jet Kero Los ULSD USGC FO No6 USGC Marine FO No6 1.0%
BASIS NAME Settlement USGC Prompt 87 USGC Prompt Settlement York Harbor USGC Prompt Angeles CA Prompt Pipeline 3.0%S USGC Fuel 0.5% NYH Delivered
Pipeline Pipeline Barge Pipeline Pipeline Waterborne
SETTLEMENT NA AARS001 PGACT00 AARQU00 AAHS001 PJAAW00 PJABO00 PJAAP00 AATGY00 PUAFZ00 AUGMA00 PUAAO00
BASIS CODE
M7 - AAULM07 AAHDM07 AUCBM07 AAUMM07 AAHEM07 AAHGM07 AAJGM07 AAWTM07 AAHMM07 AUSAM07 AAHKM07
M8 - AAULM08 AAHDM08 AUCBM08 AAUMM08 AAHEM08 AAHGM08 AAJGM08 AAWTM08 AAHMM08 AUSAM08 AAHKM08
M9 - AAULM09 AAHDM09 AUCBM09 AAUMM09 AAHEM09 AAHGM09 AAJGM09 AAWTM09 AAHMM09 AUSAM09 AAHKM09
M10 - AAULM10 AAHDM10 AUCBM10 AAUMM10 AAHEM10 AAHGM10 AAJGM10 AAWTM10 AAHMM10 AUSAM10 AAHKM10
M11 - AAULM11 AAHDM11 AUCBM11 AAUMM11 AAHEM11 AAHGM11 AAJGM11 AAWTM11 AAHMM11 AUSAM11 AAHKM11
M12 - AAULM12 AAHDM12 AUCBM12 AAUMM12 AAHEM12 AAHGM12 AAJGM12 AAWTM12 AAHMM12 AUSAM12 AAHKM12
M13 - AAULM13 - - AAUMM13 - - - - - - -
M14 - AAULM14 - - AAUMM14 - - - - - - -
M15 - AAULM15 - - AAUMM15 - - - - - - -
M16 - AAULM16 - - AAUMM16 - - - - - - -
M17 - AAULM17 - - AAUMM17 - - - - - - -
M18 - AAULM18 - - AAUMM18 - - - - - - -
M19 - AAULM19 - - AAUMM19 - - - - - - -
M20 - AAULM20 - - AAUMM20 - - - - - - -
M21 - AAULM21 - - AAUMM21 - - - - - - -
M22 - AAULM22 - - AAUMM22 - - - - - - -
M23 - AAULM23 - - AAUMM23 - - - - - - -
M24 - AAULM24 - - AAUMM24 - - - - - - -
M25 - AAULM25 - - AAUMM25 - - - - - - -
M26 - AAULM26 - - AAUMM26 - - - - - - -
M27 - AAULM27 - - AAUMM27 - - - - - - -
M28 - AAULM28 - - AAUMM28 - - - - - - -
M29 - AAULM29 - - AAUMM29 - - - - - - -
M30 - AAULM30 - - AAUMM30 - - - - - - -
M31 - AAULM31 - - AAUMM31 - - - - - - -
M32 - AAULM32 - - AAUMM32 - - - - - - -
M33 - AAULM33 - - AAUMM33 - - - - - - -
M34 - AAULM34 - - AAUMM34 - - - - - - -
M35 - AAULM35 - - AAUMM35 - - - - - - -
M36 - AAULM36 - - AAUMM36 - - - - - - -

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Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: REFINED OIL PRODUCTS

USGC Propane RBOB Frontline USGC Unleaded USGC CBOB ULSD Frontline USAC Jet Derivs USGC Jet Derivs USWC Jet Derivs USGC ULSD USGC HSFO USGC Marine USAC 1% Fuel
Derivs Derivs 87 Gasoline Gasoline Derivs Derivs Derivs Derivs Fuel 0.5% Derivs Oil Derivs
Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US$ US$ US$
UOM Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Barrels Barrels Barrels
SETTLEMENT NA RBOB Futures Gasoline Unl 87 Gasoline CBOB ULSD Futures Jet Kero New Jet Kero 54 Jet Kero Los ULSD USGC FO No6 USGC Marine FO No6 1.0%
BASIS NAME Settlement USGC Prompt 87 USGC Prompt Settlement York Harbor USGC Prompt Angeles CA Prompt Pipeline 3.0%S USGC Fuel 0.5% NYH Delivered
Pipeline Pipeline Barge Pipeline Pipeline Waterborne
SETTLEMENT NA AARS001 PGACT00 AARQU00 AAHS001 PJAAW00 PJABO00 PJAAP00 AATGY00 PUAFZ00 AUGMA00 PUAAO00
BASIS CODE
Q1 PMABS00 AAULT00 AAHET01 AUSIQ01 AAULL00 AAHFJ01 AAHFW01 AAHGJ01 AAVTW01 PUAXN00 AUSBQ01 PUAXG00
Q2 PMABT00 AAULU00 AAHEU01 AUSIQ02 AAULM00 AAHFK01 AAHFX01 AAHGK01 AAVTX01 AAHKM00 AUSBQ02 AAHJM00
Q3 - AAULV00 AAHEV01 AUSIQ03 AAULN00 AAHFL01 AAHFY01 AAHGL01 AAVTY01 AAHKN00 AUSBQ03 AAHJN00
Q4 - AAQSC00 AAHEW01 AUSIQ04 AAULO00 AAHFM01 AAHFZ01 AAHGM01 AAVTZ01 AAHKO00 AUSBQ04 AAHJO00
Q5 - AAULQ05 - - AAUMQ05 - - - - - - -
Q6 - AAULQ06 - - AAUMQ06 - - - - - - -
Q7 - AAULQ07 - - AAUMQ07 - - - - - - -
Q8 - AAULQ08 - - AAUMQ08 - - - - - - -
Q9 - AAULQ09 - - AAUMQ09 - - - - - - -
Q10 - AAULQ10 - - AAUMQ10 - - - - - - -
Q11 - AAULQ11 - - AAUMQ11 - - - - - - -
Q12 - AAULQ12 - - AAUMQ12 - - - - - - -
YEAR 1 - AAQQF00 - - AAQRH00 - - - - AAHKP00 AUSBY01 AAHJP00
YEAR 2 - AAQQG00 - - AAUMYY2 - - - - AAHKQ00 - AAHJQ00
YEAR 3 - AAULY03 - - AAUMYY3 - - - - - - -

AMERICAS: REFINED OIL PRODUCTS (DIFFERENTIALS)

USGC Unleaded 87 USGC CBOB 87 Gasoline USAC Jet Differential USGC Jet Differential USWC Jet Differential USGC ULSD Differential USGC 0.5% vs HSFO Hi/Lo (1%-HSFO) Derivs
Gasoline Differential Differential Derivs Derivs Derivs Derivs Derivs Derivs
Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US$ US$
UOM Gallon Gallon Gallon Gallon Gallon Gallon Barrels Barrels
SETTLEMENT BASIS NAME - - - - - - -
SETTLEMENT BASIS CODE - - - - - - -
Bal Month AAXRQ00 AUSIB00 AAXRP00 AAXRO00 AUSBB00 -
M1 AAHEN00 AUSHM01 AAHFD00 AAHFQ00 AAHGD00 AAVTS00 AUSBM01 AAQQV00
M2 AAHEO00 AUSHM02 AAHFE00 AAHFR00 AAHGE00 AAVTT00 AUSBM02 AAQQW00
M3 AAHEP00 AUSHM03 AAHFF00 AAHFS00 AAHGF00 AAVTU00 AUSBM03 AAQQX00
M4 AAHEQ00 AUSHM04 AAHFG00 AAHFT00 AAHGG00 AAVTV00 AUSBM04 AAQQY00
M5 AAHCM05 AUSHM05 AAHFM05 AAHFU00 AAHGH00 AAVTM05 AUSBM05 AAQQZ00
M6 AAHCM06 AUSHM06 AAHFM06 AAHFV00 AAHGI00 AAVTM06 AUSBM06 AAQRA00

© 2022 by S&P Global Inc. All rights reserved. 49

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: REFINED OIL PRODUCTS (DIFFERENTIALS)

USGC Unleaded 87 USGC CBOB 87 Gasoline USAC Jet Differential USGC Jet Differential USWC Jet Differential USGC ULSD Differential USGC 0.5% vs HSFO Hi/Lo (1%-HSFO) Derivs
Gasoline Differential Differential Derivs Derivs Derivs Derivs Derivs Derivs
Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US$ US$
UOM Gallon Gallon Gallon Gallon Gallon Gallon Barrels Barrels
SETTLEMENT BASIS NAME - - - - - - -
SETTLEMENT BASIS CODE - - - - - - -
M7 AAHCM07 AUSHM07 AAHFM07 AAHGA00 AAIGM07 AAVTM07 AUSBM07 F13HM07
M8 AAHCM08 AUSHM08 AAHFM08 AAHGB00 AAIGM08 AAVTM08 AUSBM08 F13HM08
M9 AAHCM09 AUSHM09 AAHFM09 AAHGC00 AAIGM09 AAVTM09 AUSBM09 F13HM09
M10 AAHCM10 AUSHM10 AAHFM10 AAHBM10 AAIGM10 AAVTM10 AUSBM10 F13HM10
M11 AAHCM11 AUSHM11 AAHFM11 AAHBM11 AAIGM11 AAVTM11 AUSBM11 F13HM11
M12 AAHCM12 AUSHM12 AAHFM12 AAHBM12 AAIGM12 AAVTM12 AUSBM12 F13HM12
Q1 AAHET00 AUSHQ01 AAHFJ00 AAHFW00 AAHGJ00 AAVTW00 AUSAQ01 AAQRB00
Q2 AAHEU00 AUSHQ02 AAHFK00 AAHFX00 AAHGK00 AAVTX00 AUSAQ02 AAQRC00
Q3 AAHEV00 AUSHQ03 AAHFL00 AAHFY00 AAHGL00 AAVTY00 AUSAQ03 AAQRD00
Q4 AAHEW00 AUSHQ04 AAHFM00 AAHFZ00 AAHGM00 AAVTZ00 AUSAQ04 AAQRE00
Y1 - - - - - - - AAQRF00
Y2 - - - - - - - AAQRG00

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Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: REFINED OIL PRODUCTS (CRACK SPREAD)

USGC Unleaded 87 Gasoline WTI USGC Unleaded 87 Gasoline USGC Unleaded 87 Gasoline USGC CBOB 87 Gasoline WTI USGC CBOB 87 Gasoline Brent USGC CBOB 87 Gasoline Dubai
Crack Derivs Brent Crack Derivs Dubai Crack Derivs Crack Derivs Crack Derivs Crack Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents
UOM Gallon Gallon Gallon Gallon Gallon Gallon
SETTLEMENT BASIS NAME - - - - - -
SETTLEMENT BASIS CODE - - - - - -
M1 AAQNL00 GRFBM01 DUGC001 AUSJM01 AUSIM01 AUSKM01
M2 AAQNM00 GRFBM02 DUGC002 AUSJM02 AUSIM02 AUSKM02
M3 AAQNW00 GRFBM03 DUGC003 AUSJM03 AUSIM03 AUSKM03
M4 AAQNX00 GRFBM04 DUGC004 AUSJM04 AUSIM04 AUSKM04
M5 AAQNM05 GRFBM05 DUGC005 AUSJM05 AUSIM05 AUSKM05
M6 AAQNM06 GRFBM06 DUGC006 AUSJM06 AUSIM06 AUSKM06
M7 AAQNM07 GRFBM07 DUGC007 AUSJM07 AUSIM07 AUSKM07
M8 AAQNM08 GRFBM08 DUGC008 AUSJM08 AUSIM08 AUSKM08
M9 AAQNM09 GRFBM09 DUGC009 AUSJM09 AUSIM09 AUSKM09
M10 AAQNM10 GRFBM10 DUGC010 AUSJM10 AUSIM10 AUSKM10
M11 AAQNM11 GRFBM11 DUGC011 AUSJM11 AUSIM11 AUSKM11
M12 AAQNM12 GRFBM12 DUGC012 AUSJM12 AUSIM12 AUSKM12
Q1 AAQNY00 GRFBQ01 DUGCQ01 AUSKQ01 AUSJQ01 AUSLQ01
Q2 AAQNZ00 GRFBQ02 DUGCQ02 AUSKQ02 AUSJQ02 AUSLQ02
Q3 AAQOA00 GRFBQ03 DUGCQ03 AUSKQ03 AUSJQ03 AUSLQ03
Q4 AAQOB00 GRFBQ04 DUGCQ04 AUSKQ04 AUSJQ04 AUSLQ04
YEAR 1 - - - - - -
YEAR 2 - - - - - -

AMERICAS: REFINED OIL PRODUCTS (CRACK SPREAD)

USAC Jet WTI USAC Jet Brent USAC Jet Dubai USGC Jet WTI USGC Jet Brent USGC Jet Dubai USWC Jet WTI USWC Jet Brent USWC Jet Dubai USGC ULSD WTI USGC ULSD USGC ULSD
Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Brent Crack Dubai Crack
Derivs Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents
UOM Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon
SETTLEMENT - - - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - - - -
BASIS CODE
M1 AAQOS00 JHFBM01 DUJA001 AAQPF00 JVFBM01 DUJG001 AAQPS00 JIFBM01 DUJW001 AAQOK00 UUHBM01 DUDH001
M2 AAQOT00 JHFBM02 DUJA002 AAQPG00 JVFBM02 DUJG002 AAQPT00 JIFBM02 DUJW002 AAQOL00 UUHBM02 DUDH002
M3 AAQOU00 JHFBM03 DUJA003 AAQPH00 JVFBM03 DUJG003 AAQPU00 JIFBM03 DUJW003 AAQOM00 UUHBM03 DUDH003
M4 AAQOV00 JHFBM04 DUJA004 AAQPI00 JVFBM04 DUJG004 AAQPV00 JIFBM04 DUJW004 AAQON00 UUHBM04 DUDH004
M5 AAQMM05 JHFBM05 DUJA005 AAQPJ00 JVFBM05 DUJG005 AAQPW00 JIFBM05 DUJW005 AAQOM05 UUHBM05 DUDH005

© 2022 by S&P Global Inc. All rights reserved. 51

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: REFINED OIL PRODUCTS (CRACK SPREAD)

USAC Jet WTI USAC Jet Brent USAC Jet Dubai USGC Jet WTI USGC Jet Brent USGC Jet Dubai USWC Jet WTI USWC Jet Brent USWC Jet Dubai USGC ULSD WTI USGC ULSD USGC ULSD
Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Crack Derivs Brent Crack Dubai Crack
Derivs Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents
UOM Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon
SETTLEMENT - - - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - - - -
BASIS CODE
M6 AAQMM06 JHFBM06 DUJA006 AAQPK00 JVFBM06 DUJG006 AAQPX00 JIFBM06 DUJW006 AAQOM06 UUHBM06 DUDH006
M7 AAQMM07 JHFBM07 DUJA007 AAQPP00 JVFBM07 DUJG007 AAQPM07 JIFBM07 DUJW007 AAQOM07 UUHBM07 DUDH007
M8 AAQMM08 JHFBM08 DUJA008 AAQPQ00 JVFBM08 DUJG008 AAQPM08 JIFBM08 DUJW008 AAQOM08 UUHBM08 DUDH008
M9 AAQMM09 JHFBM09 DUJA009 AAQPR00 JVFBM09 DUJG009 AAQPM09 JIFBM09 DUJW009 AAQOM09 UUHBM09 DUDH009
M10 AAQMM10 JHFBM10 DUJA010 AAQQM10 JVFBM10 DUJG010 AAQPM10 JIFBM10 DUJW010 AAQOM10 UUHBM10 DUDH010
M11 AAQMM11 JHFBM11 DUJA011 AAQQM11 JVFBM11 DUJG011 AAQPM11 JIFBM11 DUJW011 AAQOM11 UUHBM11 DUDH011
M12 AAQMM12 JHFBM12 DUJA012 AAQQM12 JVFBM12 DUJG012 AAQPM12 JIFBM12 DUJW012 AAQOM12 UUHBM12 DUDH012
Q1 AAQOY00 JHFBQ01 DUJAQ01 AAQPL00 JVFBQ01 DUJGQ01 AAQPY00 JIFBQ01 DUJWQ01 AAQOO00 UUHBQ01 DUDHQ01
Q2 AAQOZ00 JHFBQ02 DUJAQ02 AAQPM00 JVFBQ02 DUJGQ02 AAQPZ00 JIFBQ02 DUJWQ02 AAQOP00 UUHBQ02 DUDHQ02
Q3 AAQPA00 JHFBQ03 DUJAQ03 AAQPN00 JVFBQ03 DUJGQ03 AAQQA00 JIFBQ03 DUJWQ03 AAQOQ00 UUHBQ03 DUDHQ03
Q4 AAQPB00 JHFBQ04 DUJAQ04 AAQPO00 JVFBQ04 DUJGQ04 AAQQB00 JIFBQ04 DUJWQ04 AAQOR00 UUHBQ04 DUDHQ04
YEAR 1 - - - - - - - - - - - -
YEAR 2 - - - - - - - - - - - -

AMERICAS: REFINED OIL PRODUCTS (CRACK SPREAD)

USGC HSFO WTI Crack Derivs USGC HSFO Brent Crack Derivs USGC HSFO Dubai Crack Derivs USAC 1% Fuel Oil WTI Crack USAC 1% Fuel Oil Brent Crack USAC 1% Fuel Oil Dubai Crack
Derivs Derivs Derivs
CURRENCY US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels Barrels Barrels
SETTLEMENT BASIS NAME - - - - - -
SETTLEMENT BASIS CODE - - - - - -
M1 AAQSB00 F3BGM01 DUFG001 AAQQH00 F1BAM01 DUFA001
M2 AAQRJ00 F3BGM02 DUFG002 AAQQI00 F1BAM02 DUFA002
M3 AAQRK00 F3BGM03 DUFG003 AAQQJ00 F1BAM03 DUFA003
M4 AAQRL00 F3BGM04 DUFG004 AAQQL00 F1BAM04 DUFA004
M5 AAQRM00 F3BGM05 DUFG005 AAQQM00 F1BAM05 DUFA005
M6 AAQRN00 F3BGM06 DUFG006 AAQQN00 F1BAM06 DUFA006
M7 F3WCM07 F3BGM07 DUFG007 F1WCM07 F1BAM07 DUFA007
M8 F3WCM08 F3BGM08 DUFG008 F1WCM08 F1BAM08 DUFA008
M9 F3WCM09 F3BGM09 DUFG009 F1WCM09 F1BAM09 DUFA009
M10 F3WCM10 F3BGM10 DUFG010 F1WCM10 F1BAM10 DUFA010

© 2022 by S&P Global Inc. All rights reserved. 52

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: REFINED OIL PRODUCTS (CRACK SPREAD)

USGC HSFO WTI Crack Derivs USGC HSFO Brent Crack Derivs USGC HSFO Dubai Crack Derivs USAC 1% Fuel Oil WTI Crack USAC 1% Fuel Oil Brent Crack USAC 1% Fuel Oil Dubai Crack
Derivs Derivs Derivs
CURRENCY US$ US$ US$ US$ US$ US$
UOM Barrels Barrels Barrels Barrels Barrels Barrels
SETTLEMENT BASIS NAME - - - - - -
SETTLEMENT BASIS CODE - - - - - -
M11 F3WCM11 F3BGM11 DUFG011 F1WCM11 F1BAM11 DUFA011
M12 F3WCM12 F3BGM12 DUFG012 F1WCM12 F1BAM12 DUFA012
Q1 AAQRO00 F3BGQ01 DUFGQ01 AAQQO00 F1BAQ01 DUFAQ01
Q2 AAQRP00 F3BGQ02 DUFGQ02 AAQQP00 F1BAQ02 DUFAQ02
Q3 AAQRQ00 F3BGQ03 DUFGQ03 AAQQQ00 F1BAQ03 DUFAQ03
Q4 AAQRR00 F3BGQ04 DUFGQ04 AAQQR00 F1BAQ04 DUFAQ04
YEAR 1 AAQRS00 F3BGY01 DUFGY01 AAQQS00 F1BAY01 DUFAY01
YEAR 2 AAQRT00 F3BGY02 DUFGY02 AAQQT00 F1BAY02 DUFAY02

AMERICAS: REFINED OIL PRODUCTS (TIME SPREAD)

USGC Propane RBOB Frontline USGC Unleaded USGC CBOB 87 ULSD Frontline USAC Jet Time USGC Jet Time USWC Jet Time USGC ULSD USGC HSFO USGC Marine USAC 1% Fuel
Time Spread Time Spread 87 Gasoline Gasoline Time Time Spread Spread Derivs Spread Derivs Spread Derivs Time Spread Time Spread Fuel 0.5% Time Oil Time Spread
Derivs Derivs Time Spread Spread Derivs Derivs Derivs Derivs Spread Derivs Derivs
Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US$ US$ US$
UOM Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Barrels Barrels Barrels
SETTLEMENT - - - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - - - -
BASIS CODE
M1/M2 LPM0102 RBM0102 GRM0102 AUSM102 HOM0102 JHM0102 JTM0102 JJM0102 UHM0102 F3M0102 AUSA102 F1M0102
M2/M3 LPM0203 RBM0203 GRM0203 AUSM203 HOM0203 JHM0203 JTM0203 JJM0203 UHM0203 F3M0203 AUSA203 F1M0203
M3/M4 - RBM0304 GRM0304 AUSM304 HOM0304 JHM0304 JTM0304 JJM0304 UHM0304 F3M0304 AUSA304 F1M0304
M4/M5 - RBM0405 GRM0405 AUSM405 HOM0405 JHM0405 JTM0405 JJM0405 UHM0405 F3M0405 AUSA405 F1M0405
M5/M6 - RBM0506 GRM0506 AUSM506 HOM0506 JHM0506 JTM0506 JJM0506 UHM0506 F3M0506 AUSA506 F1M0506
M6/M7 - RBM0607 GRM0607 AUSM607 HOM0607 JHM0607 JTM0607 JJM0607 UHM0607 F3M0607 AUSA607 F1M0607
M7/M8 - RBM0708 GRM0708 AUSM708 HOM0708 JHM0708 JTM0708 JJM0708 UHM0708 F3M0708 AUSA708 F1M0708
M8/M9 - RBM0809 GRM0809 AUSM809 HOM0809 JHM0809 JTM0809 JJM0809 UHM0809 F3M0809 AUSA809 F1M0809
M9/M10 - RBM0910 GRM0910 AUSM910 HOM0910 JHM0910 JTM0910 JJM0910 UHM0910 F3M0910 AUSA910 F1M0910
M10/M11 - RBM1011 GRM1011 AUS1011 HOM1011 JHM1011 JTM1011 JJM1011 UHM1011 F3M1011 AUS1011 F1M1011
M11/M12 - RBM1112 GRM1112 AUS1112 HOM1112 JHM1112 JTM1112 JJM1112 UHM1112 F3M1112 AUS1112 F1M1112
M12/M13 - RBM1213 - - HOM1213 - - - - - - -
M13/M14 - RBM1314 - - HOM1314 - - - - - - -
M14/M15 - RBM1415 - - HOM1415 - - - - - - -

© 2022 by S&P Global Inc. All rights reserved. 53

Specifications Guide Global Platts Forward Curve Products: August 2022

AMERICAS: REFINED OIL PRODUCTS (TIME SPREAD)

USGC Propane RBOB Frontline USGC Unleaded USGC CBOB 87 ULSD Frontline USAC Jet Time USGC Jet Time USWC Jet Time USGC ULSD USGC HSFO USGC Marine USAC 1% Fuel
Time Spread Time Spread 87 Gasoline Gasoline Time Time Spread Spread Derivs Spread Derivs Spread Derivs Time Spread Time Spread Fuel 0.5% Time Oil Time Spread
Derivs Derivs Time Spread Spread Derivs Derivs Derivs Derivs Spread Derivs Derivs
Derivs
CURRENCY US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US Cents US$ US$ US$
UOM Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Gallon Barrels Barrels Barrels
SETTLEMENT - - - - - - - - - - - -
BASIS NAME
SETTLEMENT - - - - - - - - - - - -
BASIS CODE
M15/M16 - RBM1516 - - HOM1516 - - - - - - -
M16/M17 - RBM1617 - - HOM1617 - - - - - - -
M17/M18 - RBM1718 - - HOM1718 - - - - - - -
M18/M19 - RBM1819 - - HOM1819 - - - - - - -
M19/M20 - RBM1920 - - HOM1920 - - - - - - -
M20/M21 - RBM2021 - - HOM2021 - - - - - - -
M21/M22 - RBM2122 - - HOM2122 - - - - - - -
M22/M23 - RBM2223 - - HOM2223 - - - - - - -
M23/M24 - RBM2324 - - HOM2324 - - - - - - -
M24/M25 - RBM2425 - - HOM2425 - - - - - - -
M25/M26 - RBM2526 - - HOM2526 - - - - - - -
M26/M27 - RBM2627 - - HOM2627 - - - - - - -
M27/M28 - RBM2728 - - HOM2728 - - - - - - -
M28/M29 - RBM2829 - - HOM2829 - - - - - - -
M29/M30 - RBM2930 - - HOM2930 - - - - - - -
M30/M31 - RBM3031 - - HOM3031 - - - - - - -
M31/M32 - RBM3132 - - HOM3132 - - - - - - -
M32/M33 - RBM3233 - - HOM3233 - - - - - - -
M33/M34 - RBM3334 - - HOM3334 - - - - - - -
M34/M35 - RBM3435 - - HOM3435 - - - - - - -
M35/M36 - RBM3536 - - HOM3536 - - - - - - -
Q1/Q2 LPQ0102 RBQ0102 GRQ0102 AUSQ102 HOQ0102 JHQ0102 JTQ0102 JJQ0102 UHQ0102 F3Q0102 AUSB102 F1Q0102
Q2/Q3 - RBQ0203 GRQ0203 AUSQ203 HOQ0203 JHQ0203 JTQ0203 JJQ0203 UHQ0203 F3Q0203 AUSB203 F1Q0203
Q3/Q4 - RBQ0304 GRQ0304 AUSQ304 HOQ0304 JHQ0304 JTQ0304 JJQ0304 UHQ0304 F3Q0304 AUSB304 F1Q0304
Q4/Q5 - RBQ0405 - - HOQ0405 - - - - - - -
Q5/Q6 - RBQ0506 - - HOQ0506 - - - - - - -
Q6/Q7 - RBQ0607 - - HOQ0607 - - - - - - -
Q7/Q8 - RBQ0708 - - HOQ0708 - - - - - - -
Q8/Q9 - RBQ0809 - - HOQ0809 - - - - - - -
Q9/Q10 - RBQ0910 - - HOQ0910 - - - - - - -
Q10/Q11 - RBQ1011 - - HOQ1011 - - - - - - -
Q11/Q12 - RBQ1112 - - HOQ1112 - - - - - - -
Y1/Y2 - RBY0102 - - HOY0102 - - - - F3Y0102 - F1Y0102
Y2/Y3 - RBY0203 - - HOY0203 - - - - - - -

© 2022 by S&P Global Inc. All rights reserved. 54

Specifications Guide Global Platts Forward Curve Products: August 2022

Americas Brent derivative for calendar March will include settlements for of the Platts Gulf Coast conventional 87 grade gasoline prompt
crude futures from the April and May contract months, which pipeline physical assessments over a calendar period, while
In the US, PFC oil assessments reflect a market on close value at both trade as frontline contracts at different times over the the USGC CBOB outright derivative settles against the Platts
2:30 pm ET for all published forward curves. calendar month. During Q3, a WTI/Brent derivative would be Gulf Coast CBOB 87 prompt pipeline physical assessment. The
financially settled using exchange settlements for crude futures differential derivatives settle against the difference between
in the August, September, October and November delivery Platts Gulf Coast conventional 87 grade gasoline prompt pipeline
Crude oil
months (all of the months which trade as frontline at different physical assessments and the frontline NYMEX RBOB futures
WTI frontline derivatives: These are calendar month times during the calendar third quarter). Platts publishes the settlement price over a calendar period and the difference
derivatives that settle against the NYMEX light sweet crude first 36 months, 12 quarters and three calendar years forward of between the Platts Gulf Coast CBOB 87 prompt pipeline physical
futures contract. The derivative is financially settled using the WTI-Brent derivatives in the US. assessments and the frontline NYMEX RBOB futures settlement
settlement price of the futures contract on each trading day of price over a calendar period. Platts publishes USGC gasoline
the month, for whichever futures contract is most prompt on WTI-Dubai derivatives: These assessments settle against the outright and differential derivatives for the balance-month, the
each day. Platts publishes the first 36 months, 12 quarters and difference between the frontline NYMEX light sweet crude first 12 months and the first four quarters forward. Platts also
three calendar years forward of WTI frontline derivatives in the derivatives contract and the Dubai derivatives contract at publishes time spread derivatives and crack spread derivatives
US, as well as time spread derivatives. the 2:30 pm ET close, for a particular calendar period. Platts for USGC gasoline.
publishes the first 36 months, 12 quarters and three calendar
Brent frontline derivatives: These are calendar month years forward of WTI-Dubai derivatives in the US. ULSD frontline derivatives: These are calendar month
derivatives that settle against the ICE Brent crude futures derivatives that settle against the NYMEX ULSD futures contract.
contract. The derivative is financially settled using the The derivative is financially settled using the settlement price
Refined oil products
settlement price of the futures contract on each trading day of of the prompt futures contract over a calendar period. Platts
the month, for whichever futures contract is most prompt on Propane derivatives: Platts assesses USGC propane derivatives, publishes the first 36 months, 12 quarters and three calendar
each day (with the exception of the expiry day of the front-month which are published as outright values. The USGC propane years forward, as well as time spread derivatives.
futures contract, at which time the futures contract referenced derivative settles against physical assessments for Mont
is that of the second month). Platts publishes the first 36 Belvieu, Texas, propane. Platts publishes USGC propane Diesel derivatives: Platts assesses US Gulf Coast ULSD
months, 12 quarters and three calendar years forward of Brent derivatives for the first three months and two quarters forward, derivatives, which are published as outright values as well as
frontline derivatives in the US. as well as time spread derivatives. differentials to the ULSD frontline derivatives. The USGC ULSD
outright derivative settles against the average of the Platts
Dubai derivatives: These assessments reflect the value of RBOB frontline derivatives: These are calendar month Gulf Coast ULSD prompt pipeline physical assessments over a
Dubai derivatives at the 2:30 pm ET US close. Dubai derivatives derivatives that settle against the NYMEX RBOB futures calendar period, while the differential derivative settles against
settle against the average of Platts front-month physical Dubai contract. The derivative is financially settled using the the difference between the Platts Gulf Coast ULSD prompt
crude assessments over a calendar period. They reflect paper settlement price of the prompt futures contract over a calendar pipeline physical assessments and the frontline NYMEX ULSD
transactions with a minimum volume of 50,000 barrels. Platts period. Platts publishes the first 36 months, 12 quarters and futures settlement price over a calendar period. Platts publishes
publishes the first 36 months, four quarters and three calendar three calendar years forward, as well as time spread derivatives. USGC ULSD outright and differential derivatives for the balance-
years forward of Dubai derivatives in the US. month, the first 12 months and the first four quarters forward.
Gasoline derivatives: Platts assesses two US Gulf Coast Platts also publishes time spread derivatives and crack spread
WTI-Brent derivatives: These assessments settle against the gasoline derivative curves reflecting conventional 87 grade derivatives for USGC ULSD.
difference between the frontline NYMEX light sweet crude gasoline and CBOB 87, which are published as outright values as
derivatives contract and the frontline ICE Brent derivatives well as differentials to the RBOB frontline derivatives. The USGC Jet fuel derivatives: Platts assesses US Gulf Coast, US Atlantic
contract for a particular calendar period. For example, a WTI/ conventional 87 outright derivative settles against the average Coast and US West Coast jet fuel derivatives, which are

© 2022 by S&P Global Inc. All rights reserved. 55

Specifications Guide Global Platts Forward Curve Products: August 2022

published as outright values as well as differentials to the ULSD pipeline physical assessments and the frontline NYMEX ULSD 1% delivered New York Harbor assessments over a calendar
frontline derivatives. The USGC jet fuel outright derivative settles futures settlement price over a calendar period. Platts publishes period. Platts publishes the USGC HSFO and USAC 1%S fuel
against the average of the Platts USGC jet kero 54 prompt USGC jet kero outright and differential derivatives for the oil derivatives for the balance-month, first 12 months, four
pipeline physical assessments over a calendar period, while the balance-month, the first 12 months and the first four quarters quarters and two years forward. Platts also publishes time
differential derivative settles against the difference between the forward. Platts publishes USAC and USWC jet kero outright and spread derivatives and crack spread derivatives for USGC HSFO
Platts USGC jet kero 54 prompt pipeline physical assessments differential derivatives for the first 12 months and the first four and USAC 1%S fuel oil. Platts publishes the hi-lo (1% -HSFO)
and the frontline NYMEX ULSD futures settlement price over quarters forward. Platts also publishes time spreads derivatives derivatives for the first 12 months, four quarters and two years
a calendar period. The USAC jet fuel outright derivative settles and crack spread derivatives for USGC, USAC and USWC jet. forward.
against the average of the Platts jet kero New York Harbor
Buckeye Pipeline physical assessments over a calendar period, Fuel oil derivatives: Platts assesses USGC HSFO, USAC 1%S Marine fuel 0.5% derivatives: Platts assesses Marine Fuel
while the differential derivative settles against the difference fuel oil and hi-lo (1%-HSFO) derivatives, which are published 0.5% derivatives on the US Gulf Coast. These are published
between the Platts jet kero New York Harbor Buckeye Pipeline as outright values. The USGC HSFO derivative settles against as outright values and settle against the Platts USGC Marine
physical assessments and the frontline NYMEX ULSD futures the average of Platts USGC HSFO physical assessments over a Fuel 0.5% physical assessments over a calendar period. Platts
settlement price over a calendar period. The USWC jet fuel calendar period, while the USAC 1%S fuel oil derivative settles publishes USGC Marine Fuel 0.5% derivatives assessments for
outright derivative settles against the average of the Platts Los against the average of Platts No. 6 1% delivered New York the balance-month, the first 12 calendar months, the first four
Angeles jet kero prompt pipeline physical assessments over a Harbor assessments over a calendar period. The hi-lo (1%- quarters and one calendar year forward. Platts also publishes
calendar period, while the differential derivative settles against HSFO) derivatives settle against the difference between the the Marine Fuel 0.5% differential to USGC HSFO derivatives for
the difference between the Platts Los Angeles jet kero prompt Platts USGC HSFO physical assessments and the Platts No. 6 the same period, and Marine Fuel 0.5% time spread derivatives.

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Specifications Guide Global Platts Forward Curve Products: August 2022

REVISION HISTORY until the 20th of the month. Platts updated this guide to reflect of Platts Methodology and Specifications Guides in April 2019,
the launch of intermonth spreads for its European fuel oil and and moved these sections into a standalone Methodology Guide.
August 2022: Platts updated methodology guide to include time marine fuel derivative assessments from November 2, 2020. Platts added full forward curve assessment symbols for both
spreads, as well as Brent Crack time spreads, for its European ICE Brent (London and Houston close) and NYMEX WTI (London
fuel oil and marine fuel derivative assessments which were September 2020: Platts updated this guide to reflect the launch and Houston close) futures in addition to inserting a Futures
effective from May 9, 2022. of balance month, Month 1 and Month 2 MOPAG naphtha Assessments text section that outlines Platts’ methodology for
derivatives, the launch of balance month MOPJ naphtha these assessments.
August 2022: Platts completed an annual review of this guide, derivatives, and the launch of balance month, Month 1 and
reviewing all content, correcting typos, and making edits to Month 2 MOPAG 92 RON gasoline derivatives at the 1630 November 2018: Platts added tables including Jet assessment
language throughout. Singapore close from September 1, 2020. The tables for Asia symbols for Europe, updating and including symbols within
Pacific refined oil products were updated to reflect the new Europe Refined Oil and Europe Refined Oil -Crack Spreads.
May 2022: Platts updated the guide to include new assessments symbol codes.
for the FOB Singapore 380 CST derivatives vs 3.5% FOB August 2018: Platts completed an annual review of the global
Rotterdam barges spread, and the FOB Singapore Marine Fuel June 2020: Platts completed an annual review of the global Platts Forward Curve methodology and specifications guide,
0.5% derivatives vs FOB Rotterdam Marine Fuel 0.5% barges Platts Forward Curve specifications guide. Platts reviewed all adding new sections I-VI. In Asia, Platts updated the sulfur level
spread at 16:30 Singapore time. content and made minor edits to language. Platts updated this for the FOB Singapore Gasoil derivatives to 0.001% (10 ppm)
guide to reflect the discontinuation of balance month, Month from 0.05% (500 ppm) as of January 2, 2018. Platts also clarified
November 2021: Platts updated the guide to reflect the fact 1 and Month 2 MOPAG 180 CST HSFO derivatives at the 1630 the settlement details of gasoil frontline futures derivatives and
that FOB Singapore balance month derivatives for gasoil, jet and Singapore close from June 1, 2020. The tables for Asia Pacific Brent-Dubai derivatives in the Asia section. Platts corrected the
residual are published until the fifth last publication day of the refined oil products and refined oil products crack spreads were unit of measurement for Asia fuel oil derivatives assessments
month, starting Oct. 18, 2021. Platts updated the guide to reflect updated to reflect the correct symbol codes. Platts updated the and updated details of MOPAG derivatives in table. In the
the Nov. 1, 2021, launch of USGC CBOB derivatives. table for EMEA crude and streamlined some of the text in crude Americas, Platts updated the guide to reflect the launch of WTI-
and fuel sections. Dubai derivatives assessments; the launch of balance-month
June 2021: Platts completed an annual review of the global derivatives for US Gulf Coast conventional gasoline, jet fuel and
Platts Forward Curve specifications guide. Platts reviewed all January 2020: Platts updated this guide to reflect the launch of ULSD; and the extension of the RBOB frontline derivative forward
content and made minor edits to language. Restated increments balance month, M1, M2 and M3 E10 gasoline swaps in Europe. curve from April 2, 2018; as well as the discontinuation of US
for MOPJ and MOPJ/CIF NWE naphtha derivatives under the Asia Gulf Coast heating oil derivative assessments from June 1, 2018.
Pacific section. Added timespreads section for European light September 2019: Platts updated this guide to reflect the launch
ends derivatives. of Balance Month, Month 1 and Month 2 FOB Singapore 95 RON September 2017: Platts completed an annual review of the
gasoline derivative assessments on September 2, 2019. July Global Platts Forward Curve methodology and specifications
March 2021: Platts updated the guide to reflect the 2019: Platts has completed an annual update to this guide to guide. Platts reviewed all content and made minor edits to
discontinuation of the USWC gasoline derivative assessments reflect the launch of Marine Fuel 0.5% derivatives assessments language. In the Americas, Platts added in language detailing
on March 8, 2021. Platts discontinued its assessments of the globally on May 2, 2019. The Asia Pacific refined oil products existing assessments such as the RBOB and ULSD frontline
outrights, differentials and timespreads for 12 months and four tables were updated to include MOPAG derivatives, include derivatives, and updated the guide to reflect the change in the
quarters for USWC gasoline derivatives, as well as related WTI, additional fuel oil symbols and extraneous columns were MOC timing in the Americas as well as the name change for the
Brent and Dubai crack derivative assessments for the same period. removed. The Europe refined oil products tables were updated to USGC HSFO assessment. Platts also added in tables detailing
include additional fuel oil symbols. existing time spread, crack spread and differential derivatives
February 2021: Platts updated the guide to reflect the fact that assessments. Platts updated this guide to add MOPAG
European and African balance month derivatives are published May 2019: Platts completed an annual update to sections 1 to 6 derivatives for gasoline, jet fuel, gasoil and 380-cst HSFO as well

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Specifications Guide Global Platts Forward Curve Products: August 2022

as extended curves for Asian gasoline, reforming and related Platts updated this guide to correct typos in the codes listed for March 2014: Platts updated this guide to include new
product crack derivatives assessments. Platts also added details FOB Singapore fuel oil and naphtha derivatives. assessments for FOB Mediterranean premium unleaded 10 ppm
and codes for several forward curve assessments published gasoline derivatives, which were launched on March 3, 2014, and
at 16:30 Singapore time for crude and refined oil products. In March 2015: Platts updated this guide to include new specified that pre-existing European gasoline assessments are
Europe, Platts updated this guide to reflect the addition of CPC assessments for crude and gasoil futures at 16:30 Singapore for Northwest Europe.
CFDs, while language on refined products was clarified. Platts time, MOPJ naphtha, East-West naphtha, ICE Gasoil Frontline
now describes financial instruments as derivatives rather than derivatives, Singapore Gasoil EFS, Singapore Gasoil ESS, East- September 2013: Platts revamped all Oil Methodology And
swaps in this guide. West fuel oil, and European fuel oil and naphtha derivatives at Specifications Guides, including Global Platts Forward Curve
16:30 Singapore time. Platts included new assessments for FOB guide, in August 2013. This revamp was completed to enhance
November 2015: Platts updated this guide to add extended Mediterranean premium unleaded 10 ppm gasoline derivatives, the clarity and usefulness of all guides, and to introduce
curves for Dated Brent-related derivatives assessments. which were launched on March 3, 2014, and specified that pre- greater consistency of layout and structure across all published
existing European gasoline assessments are for Northwest methodology guides. Methodologies for market coverage were
June 2015: Platts updated this guide to reflect the introduction Europe. This methodology guide was also updated to include not changed through this revamp, unless specifically noted in
of new assessments for ICE Low Sulfur Gasoil futures, FOB further description of Platts processes and practices in survey the methodology guide itself.
Rotterdam jet barge derivatives, East-West naphtha spreads and assessment environments. Platts also made minor edits
premium unleaded gasoline FOB Med cargo crack derivatives. throughout.

© 2022 by S&P Global Inc. All rights reserved. 58