S&P Global Platts has unveiled plans for aframax US Gulf Coast-UK Continent freight derivative assessments on the back of growing volumes on the trade.
The pricing agency, which aims to launch the assessments on 1 November, said it should provide “further transparency to the US Gulf Coast crude oil export and freight markets”.
Platts claims there has been “increasing interest” in freight forward contracts on this route, following growing crude exports from the US to Europe.
