Gasoil diesel 50ppm fob offshore Lome STS cargo
Overview
With regulations from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) mandating a sulphur cap of 50ppm for refined product imports, Argus has launched a 50ppm gasoil diesel assessment that is truly reflective of the current market and regulatory environment.
We assess 50ppm gasoil diesel in Nigeria as:
- Gasoil diesel 50ppm fob offshore Lome STS cargo
- Gasoil diesel 50ppm sulphur
Price assessment details
What are the advantages of the Argus Gasoil diesel 50ppm fob offshore Lome STS cargo price assessment?
Argus provides the market’s first and only low sulphur gasoil assessment for West Africa.
The new cap marks a huge change in the region, before which imported gasoil could contain as much as 3,000ppm sulphur. Dangote gasoil output has also reportedly varied in sulphur content between 10ppm ultra-low sulphur, to up to 50ppm as gasoil production ramps up.
We ensure our price assessment is reflective of the regional requirements for market transparency in this lower sulphur gasoil market.
How is this assessment used?
The ship-to-ship Lome diesel price provides a benchmark for traders buying or selling on any West African basis. It also contributes a key indicator of the economics of West African refining. And it serves as a vital analytical tool for any firm involved in Atlantic diesel markets.
How to access the price assessment
The daily price assessment for gasoil diesel 50ppm fob offshore Lome is published in Argus European Products report and the daily price assessment for gasoil diesel 50ppm fob offshore Lome NGN/litre in published in Argus West Africa Oil service.
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The Argus RME (rapeseed oil methyl ester) price assessment is a key biofuel benchmark for Europe. The price assessment is used to price swaps and physical deals and in clearing and settlement through exchanges.
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The US Gulf coast is a significant region for asphalt exports, and the swiftly changing nature of crude slates has increased the need for transparent benchmarks that accurately reflect prices.
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Independent price assessments capturing the value of group I and II base oils exported from the US Gulf Coast.
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Using real market transactions to accurately reflect the supply and demand dynamics of this low carbon fuel.
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