Yields netbacks-methodology Platts

METHODOLOGY AND SPECIFICATIONS GUIDE
Yield Netback
(Latest Update: August 2013)
Introduction 2
How this methodology statement is organized 2
Part I: Data quality and data submission 2
Part II: Security and confidentiality 2
Part III: Calculating indexes and making
assessments 2
Where Platts Daily Yield can be found 3
Components of the model 3
Part IV: Platts editorial standards 4
Part V: Corrections 4
Part VI: REQUESTS FOR CLARIFICATIONS
OF DATA AND COMPLAINTS 4
Part VII: Definitions of the trading locations
for which Platts publishes daily indexes or
assessments 5
US GULF COAST 5
US ATLANTIC COAST 8
US MIDCONTINENT 10
US WEST COAST 12
CARIBBEAN 14
AMSTERDAM-ROTTERDAM-ANTWERP 16
ITALY 18
SINGAPORE 20
revision history 21
[OIL ]

METHODOLOGY AND SPECIFICATIONS GUIDE YIELD NETBACK: AUGUST 2013
2COPYRIGHT © 2013 BY PLATTS, McGRAW HILL FINANCIAL
Introduction
Platts’ methodologies are designed to produce price assessments that
are representative of market value, and of the particular markets to
which they relate. Methodology documents describe the specifications
for various products reflected by Platts’ assessments and indexes,
the processes and standards Platts adheres to in collecting data, and
the methods by which Platts arrives at final assessment values for
publication.
Platts discloses publicly the days of publication for its price assessments
and indexes, and the times during each trading day in which Platts
considers transactions in determining its assessments and index levels.
This schedule of publication is available on Platts’ website, at the
following link: http://www.platts.com/HolidayHome.
The dates of publication and the assessment periods are subject to
change in the event of outside circumstances that affect Platts’ ability to
adhere to its normal publication schedule. Such circumstances include
network outages, power failures, acts of terrorism and other situations
that result in an interruption in Platts’ operations at one or more of its
worldwide offices. In the event that any such circumstance occurs, Platts
will endeavor, whenever feasible, to communicate publicly any changes to
its publication schedule and assessment periods, with as much advance
notice as possible.
All Platts methodologies reflect Platts’ commitment to maintaining best
practices in price reporting.
Platts’ methodologies have evolved to reflect changing market conditions
through time, and will continue to evolve as markets change. A revision
history, a cumulative summary of changes to this and future updates, is
included at the end of the methodology.
How this methodology statement is organized
This description of methodology for indexes and assessments is divided
into seven major parts (I-VII) that parallel the entire process of producing
the end-of-day price values.
■■ Part I describes what goes into Platts indexes and price values,
including details on what data market participants are expected to
submit, the process for submitting data, criteria for timeliness of
market data submissions, as well as the components of published
data.
■■ Part II describes any security and confidentiality practices that
Platts uses in handling and treating data, including the separation
between Platts price reporting and its news reporting.
■■ Part III is a detailed account of how Platts collects bids, offers,
trades and other market data, and what Platts does with the
data to formulate its indexes and assessments. It includes
descriptions of the methods that Platts uses for reviewing data,
and the methods used to convert raw data into indexes and
assessments, including the procedures used to identify anomalous
data. This section describes how and when judgment is applied
in this process, the basis upon which transaction data may be
excluded from a price assessment, and the relative importance
assigned to each criterion used in forming the price assessment.
This section describes the minimum amount of transaction data
required for a particular price assessment to be published, and the
criteria for determining which values are indexes, and which are
assessments, based on reported transactions and other market
information. Finally, this section describes how Platts addresses
assessment periods where one or more reporting entities submit
market data that constitute a significant proportion of the total
data upon which the assessment is based.
■■ Part IV explains the process for verifying that published prices
comply with Platts’ standards.
■■ Part V lays out the verification and correction process for revising
published prices and the criteria Platts uses to determine when it
publishes a correction.
■■ Part VI explains how users of Platts assessments and indexes can
contact Platts for clarifications of data that has been published, or
to share a complaint. It also describes how to find out more about
Platts’ complaints policies.
■■ Part VII is a list of detailed specifications for the trading locations
and products for which Platts publishes indexes or assessments
in this commodity. This section describes why specific units of
measurement are used, and what conversion factors are used to
move between units of measurement, where relevant.
Part I: Data quality and data
submission
Platts’ objective is to ensure that the submission of transactional
information and other data inputs that editors use as the basis for their
price assessments is of the highest quality. Ensuring that data used in
Platts assessments is of high quality is crucial to maintaining the integrity
of Platts’ various price assessment processes.
Platts Daily Yield is a crude oil yield and netback valuation system built
on Platts’ daily refined product assessments for refined petroleum and
petrochemical products, and refinery models constructed by Turner,
Mason & Co., Dallas-based consulting engineers specializing in the
global downstream petroleum business, using its Turner Mason Modeling
System (TMMS).
As such, Platts standards concerning data quality and data submission in
the underlying refined petroleum and petrochemical prices can be found
in the specification guides for those commodities.
Part II: Security and confidentiality
Data is stored in a secure network, in accordance with Platts’ policies
and procedures. Platts and Turner Mason have decided to release
all of the products used to calculate Platts Daily Yield. However, the
actual weightings given to particular products in a refining center—for
example, the amount of gasoline from Urals refined in Italy—will remain
proprietary.
Part III: Calculating indexes and
making assessments
The purpose of Platts Daily Yield is to provide an estimate of the value

of the products produced from refining a barrel of crude in eight major
refining regions, with a netback to the origination point of the crude,
based on prevailing freight rates. Platts Daily Yield builds its published
yield and netback models through a multi-step process:
Platts and Turner Mason together have been producing Platts Daily
Yield since 2002. In that time, together we have engaged in a continual
process to identify the world’s key crudes, determine what crudes are
being refined at what locations, and build models to account for those
movements. Turner Mason draws from its extensive knowledge of refinery
economics and modeling to build typical cracking, visbreaking and coking
refinery models for each of the 8 Platts’ refining regions: US Atlantic
Coast; US Gulf Coast; US West Coast; US Midcontinent; Caribbean;
Amsterdam-Rotterdam-Antwerp (ARA); Italy; and Singapore.
The choice of crudes modeled in each of the regions varies depending
upon the grades of crude generally refined in that region. Most crudes
are modeled in 2 modes in a region, cracking and coking or cracking
and visbreaking. Some crudes are modeled in only one mode since they
would not be processed in the other mode. For example, Forcados, Brass
River and Bonny Light are rarely put through a coker. So a coking yield or
netback is not provided for those crudes in some areas.
Turner Mason then builds models for all of the crudes, based on
assays and other information, to represent what each crude will yield
in a region’s typical coking, cracking or visbreaking refinery. The main
difference among regional models is dictated by regional product
specifications and regional refinery complexities. Every crude at every
location has a winter model and a summer model. The summer models
run from March 1 through August 31; the winter models runs the balance
of the year. The difference in models reflects the general practice of
refineries maximizing gasoline, naphtha and other light ends during
the summer, and maximizing heating oil and distillate output during
the winter. They also reflect the different gasoline RVP specifications
between summer and winter.
By plugging Platts’ daily assessments into the Turner Mason models,
Platts Daily Yield provides a yield estimate for all of the crudes modeled
at an individual location. Product assessments are normalized to a $/
barrel figure where necessary, and that product’s percentage of the
total yield is multiplied by its price to provide a valuation. So if the
Platts Daily Yield model determines that ULSD is 15% of the output of
a barrel of Brent refined in a typical coking refinery on the US Atlantic
Coast, the daily Platts ULSD assessment, normalized to $/barrel, will
be multiplied by 0.15. The output of that calculation will be added to
similar calculations for all products produced from that barrel. The final
number, less refinery variable operating costs, is the yield for that crude.
The Platts crude assessment is not part of determining the crude’s yield.
For example, to determine the cracking yield of Brent at Rotterdam, only
product assessments and operating costs are utilized; the price of Brent is
not. However, note that the crude netback minus its spot price gives you
the refinery margin. Click here for an example summary table for Mars.
Crude needs to be transported from an originating port or pipeline
terminal. In the case of freight, Platts takes its daily dirty tanker
assessments for relevant routes, such as UK Continent to US Gulf, which
is expressed as a percentage of the Worldscale 100 rate for a specific
route. Worldscale 100 is expressed in $/mt. The assessment is then
divided by 100 and multiplied against the Worldscale 100 base rate for
a specific route. So if the Worldscale 100 rate for a given route is $7 per
metric ton, and the Platts’ dirty tanker assessment for that route is 150,
$7 is multiplied by 1.5, for a figure of $10.50 per metric ton. The barrels
per metric ton ratio for a specific crude is then divided into $10.50 to
produce a $/barrel freight figure. Port charges are not included in the
tanker rates.
Where spot tanker rates are not relevant, such as for US pipeline grades,
a regular survey of current pipeline tariffs will be conducted by Platts to
keep transportation variables current. Where crude is sold on a delivered
basis, no freight component will be calculated.
The TMMS models include variable costs for purchased fuel gas,
electricity and catalyst and chemicals. These costs are specific to each
crude, in each region, in a specific operating mode (coking, cracking or
visbreaking), in each season. That is, there are close to 600 different
models and each model has unique operating costs. The purchased fuel
gas and electricity usages for each crude are multiplied by the latest
Platts assessment much like the product yields are multiplied by the
Platts assessment. The total operating costs are then subtracted from the
product yield values to result in the crude yield value.
Platts and Turner Mason collaborate semiannually before the winter/
summer switchovers to review changes that have been made in Platts’
product assessments, plan for future changes, discuss changes in
government specifications that may affect the models, discuss new
crudes that are refined in a region, and so on. Click here to see a
summary of major crude imports into the United States by PADD. Changes
and additions are made to the model(s) at the start of each season as
needed. Beyond these specific times for collaboration, Platts and Turner
Mason are in constant communication, discussing industry feedback and
trends to make the Platts Daily Yield valuations more accurate.
Where Platts Daily Yield can be found
Platts Daily Yield calculations are produced every day for all locations.
They are available through several Platts’ products.
Platts Dispatch: A daily data feed for all locations is available through
Platts Dispatch.
Crude Oil Marketwire: Rotterdam, Singapore and US Gulf Coast
yields and netbacks are provided daily. Other refining centers rotate on
the following basis: Monday, US Atlantic Coast; Tuesday, Caribbean;
Wednesday, US Midcontinent; Thursday, Italy; Friday, US West Coast.
Platts Global Alert: All seasonal yields and netbacks will be found in
Global Alert. All crudes from all eight refining centers are published each
day.
Platts Oilgram Price Report: The Weekly Feeder Crudes table reflect
Monday through Friday weekly averages of daily yields, netbacks and
relevant crude prices.
Components of the model
Platts and Turner Mason have decided to release all of the products used
to calculate Platts Daily Yield. However, the actual weightings given
to particular products in a refining center—for example, the amount of
gasoline from Urals refined in Italy—will remain proprietary. Platts and
Turner Mason are providing the breakdown for Arab Light crude under the
winter cracking model in ARA, because we believe that by readers seeing
the complexity in one model they will be assured that a similar degree of
complexity is being used for other crudes in all locations. Please click the
link here to see the breakdown.

Listed below in Part VII are each of the individual refining regions, the
crudes modeled in each of those areas, and various cost and other input
factors assumed in the Turner, Mason TMMS model.
Part IV: Platts editorial standards
All Platts’ employees must adhere to the McGraw Hill Financial Code of
Business Ethics (COBE), which has to be signed annually. The COBE reflects
McGraw Hill Financial’s commitment to integrity, honesty and acting in good
faith in all its dealings.
In addition, Platts requires that all employees attest annually that they do
not have any personal relationships or personal financial interests that
may influence or be perceived to influence or interfere with their ability to
perform their jobs in an objective, impartial and effective manner.
Market reporters and editors are mandated to ensure adherence to
published methodologies as well as internal standards that require
accurate records are kept in order to document their work.
Platts has a Quality & Risk Management (QRM) function that is
independent of the editorial group. QRM is responsible for ensuring
the quality and adherence to Platts’ policies, standards, processes
and procedures. The QRM team conduct regular assessments of
editorial operations, including checks for adherence to published
methodologies.
McGraw Hill Financial’s internal auditor, an independent group that
reports directly to the parent company’s board of directors, reviews the
Platts’ risk assessment programs.
Part V: Corrections
Platts is committed to promptly correcting any material errors. When
corrections are made, they are limited to corrections to data that was
available when the index or assessment was calculated.
Platts crude yields and netbacks reflect the underlying petroleum,
petrochemical, natural gas, power and transportation prices available
at the time of publication. When underlying prices are corrected,
Platts will consider corrections to its yields and netbacks on a case by
case basis.
Part VI: REQUESTS FOR CLARIFICATIONS
OF DATA AND COMPLAINTS
Platts strives to provide critical information of the highest standards, to
facilitate greater transparency and efficiency in physical commodity markets.
Platts customers raise questions about our methodologies and the approach
we take in our price assessments, proposed methodology changes and
other editorial decisions in relation to our price assessments. These
interactions are strongly valued by Platts and we encourage dialogue
concerning any questions a customer or market stakeholder may have.
However, Platts recognizes that occasionally customers may not be satisfied
with responses received or the services provided by Platts and wish to
escalate matters. Full information about how to contact Platts to request
clarification around an assessment, or make a complaint, is available on our
website, at: http://www.platts.com/ContactUs/Complaints.
If you seek further information on detailed yield breakdowns, please
contact Tom Hogan, Senior Vice President, at Turner, Mason and Company
at +1-214-754-0898 or Tomhogan@turnermason.com. Please contact Jeff
Mower, Editor-in-Chief, Platts Oilgram Price Report, for any Platts-related
questions at jeff_mower@platts.com or in New York at +1-212-904-3204.

US GULF COAST
Assessment YIELDS CODE Mavg Pavg Wavg NETBACKS CODE Mavg Pavg Wavg CODE CURRENCY UOM
Arab Berri Coking TYAAJ00 TYAAJ03 FYAAJ00 TNAAJ00 TNAAJ03 FNAAJ00 TNAAJMR US $ Barrels
Arab Berri Cracking TYAAL00 TYAAL03 FYAAL00 TNAAL00 TNAAL03 FNAAL00 TNAALMR US $ Barrels
Arab Heavy Coking TYABP00 TYABP03 FYABP00 TNABP00 TNABP03 FNABP00 TNABPMR US $ Barrels
Arab Heavy Cracking TYABR00 TYABR03 FYABR00 TNABR00 TNABR03 FNABR00 TNABRMR US $ Barrels
Arab Light Coking TYACN00 TYACN03 FYACN00 TNACN00 TNACN03 FNACN00 TNACNMR US $ Barrels
Arab Light Cracking TYACP00 TYACP03 FYACP00 TNACP00 TNACP03 FNACP00 TNACPMR US $ Barrels
Arab Medium Coking TYADT00 TYADT03 FYADT00 TNADT00 TNADT03 FNADT00 TNADTMR US $ Barrels
Arab Medium Cracking TYADV00 TYADV03 FYADV00 TNADV00 TNADV03 FNADV00 TNADVMR US $ Barrels
BCF 17 Coking TYAEN00 TYAEN03 FYAEN00 TNAEN00 TNAEN03 FNAEN00 TNAENMR US $ Barrels
BCF 17 Cracking TYAEP00 TYAEP03 FYAEP00 TNAEP00 TNAEP03 FNAEP00 TNAEPMR US $ Barrels
BCF 22 Coking TYAEZ00 TYAEZ03 FYAEZ00 TNAEZ00 TNAEZ03 FNAEZ00 TNAEZMR US $ Barrels
BCF 22 Cracking TYAFB00 TYAFB03 FYAFB00 TNAFB00 TNAFB03 FNAFB00 TNAFBMR US $ Barrels
BCF 24 Coking TYAFH00 TYAFH03 FYAFH00 TNAFH00 TNAFH03 FNAFH00 TNAFHMR US $ Barrels
BCF 24 Cracking TYAFJ00 TYAFJ03 FYAFJ00 TNAFJ00 TNAFJ03 FNAFJ00 TNAFJMR US $ Barrels
Basrah Light Coking TYAGB00 TYAGB03 FYAGB00 TNAGB00 TNAGB03 FNAGB00 TNAGBMR US $ Barrels
Basrah Light Cracking TYAGD00 TYAGD03 FYAGD00 TNAGD00 TNAGD03 FNAGD00 TNAGDMR US $ Barrels
Bonny Light Cracking TYAGR00 TYAGR03 FYAGR00 TNAGR00 TNAGR03 FNAGR00 TNAGRMR US $ Barrels
Brass River Cracking TYAHD00 TYAHD03 FYAHD00 TNAHD00 TNAHD03 FNAHD00 TNAHDMR US $ Barrels
Brent Coking TYAHR00 TYAHR03 FYAHR00 TNAHR00 TNAHR03 FNAHR00 TNAHRMR US $ Barrels
Brent Cracking TYAHT00 TYAHT03 FYAHT00 TNAHT00 TNAHT03 FNAHT00 TNAHTMR US $ Barrels
Cabinda Coking TYAID00 TYAID03 FYAID00 TNAID00 TNAID03 FNAID00 TNAIDMR US $ Barrels
Cabinda Cracking TYAIF00 TYAIF03 FYAIF00 TNAIF00 TNAIF03 FNAIF00 TNAIFMR US $ Barrels
Cano Limon Coking TYAIP00 TYAIP03 FYAIP00 TNAIP00 TNAIP03 FNAIP00 TNAIPMR US $ Barrels
Cano Limon Cracking TYAIR00 TYAIR03 FYAIR00 TNAIR00 TNAIR03 FNAIR00 TNAIRMR US $ Barrels
Cusiana Coking TYAJF00 TYAJF03 FYAJF00 TNAJF00 TNAJF03 FNAJF00 TNAJFMR US $ Barrels
Escalante Coking TYAKH00 TYAKH03 FYAKH00 TNAKH00 TNAKH03 FNAKH00 TNAKHMR US $ Barrels
Escalante Cracking TYAKJ00 TYAKJ03 FYAKJ00 TNAKJ00 TNAKJ03 FNAKJ00 TNAKJMR US $ Barrels
Forcados Cracking TYAKX00 TYAKX03 FYAKX00 TNAKX00 TNAKX03 FNAKX00 TNAKXMR US $ Barrels
Isthmus Coking TYAMP00 TYAMP03 FYAMP00 TNAMP00 TNAMP03 FNAMP00 TNAMPMR US $ Barrels
Isthmus Cracking TYAMR00 TYAMR03 FYAMR00 TNAMR00 TNAMR03 FNAMR00 TNAMRMR US $ Barrels
Kuwait Coking TYANJ00 TYANJ03 FYANJ00 TNANJ00 TNANJ03 FNANJ00 TNANJMR US $ Barrels
Kuwait Cracking TYANL00 TYANL03 FYANL00 TNANL00 TNANL03 FNANL00 TNANLMR US $ Barrels
LLS Coking TYANN00 TYANN03 FYANN00 TNANN00 TNANN03 FNANN00 TNANNMR US $ Barrels
LLS Cracking TYANP00 TYANP03 FYANP00 TNANP00 TNANP03 FNANP00 TNANPMR US $ Barrels
Marlim Coking TYAUE00 TYAUE03 FYAUE00 TNAUE00 TNAUE03 FNAUE00 TNAUEMR US $ Barrels
Marlim Cracking TYAUG00 TYAUG03 FYAUG00 TNAUG00 TNAUG03 FNAUG00 TNAUGMR US $ Barrels
Mars Coking TYANZ00 TYANZ03 FYANZ00 TNANZ00 TNANZ03 FNANZ00 TNANZMR US $ Barrels
Mars Cracking TYAOB00 TYAOB03 FYAOB00 TNAOB00 TNAOB03 FNAOB00 TNAOBMR US $ Barrels
Merey Coking TYAOX00 TYAOX03 FYAOX00 TNAOX00 TNAOX03 FNAOX00 TNAOXMR US $ Barrels
Merey Cracking TYAOZ00 TYAOZ03 FYAOZ00 TNAOZ00 TNAOZ03 FNAOZ00 TNAOZMR US $ Barrels
Part VII: Definitions of the trading locations for which Platts publishes daily indexes or assessments

US GULF COAST
Mesa Coking TYAPJ00 TYAPJ03 FYAPJ00 TNAPJ00 TNAPJ03 FNAPJ00 TNAPJMR US $ Barrels
Mesa Cracking TYAPL00 TYAPL03 FYAPL00 TNAPL00 TNAPL03 FNAPL00 TNAPLMR US $ Barrels
Olmeca Coking TYAQD00 TYAQD03 FYAQD00 TNAQD00 TNAQD03 FNAQD00 TNAQDMR US $ Barrels
Olmeca Cracking TYAQF00 TYAQF03 FYAQF00 TNAQF00 TNAQF03 FNAQF00 TNAQFMR US $ Barrels
Rabi Bl Coking TYARN00 TYARN03 FYARN00 TNARN00 TNARN03 FNARN00 TNARNMR US $ Barrels
Rabi Bl Cracking TYARP00 TYARP03 FYARP00 TNARP00 TNARP03 FNARP00 TNARPMR US $ Barrels
Saharan Bl Cracking TYAVB00 TYAVB03 FYAVB00 TNAVB00 TNAVB03 FNAVB00 TNAVBMR US $ Barrels
Soyo Coking TYARZ00 TYARZ03 FYARZ00 TNARZ00 TNARZ03 FNARZ00 TNARZMR US $ Barrels
Soyo Cracking TYASB00 TYASB03 FYASB00 TNASB00 TNASB03 FNASB00 TNASBMR US $ Barrels
Statfjord Coking TYASP00 TYASP03 FYASP00 TNASP00 TNASP03 FNASP00 TNASPMR US $ Barrels
Statfjord Cracking TYASR00 TYASR03 FYASR00 TNASR00 TNASR03 FNASR00 TNASRMR US $ Barrels
Troll Coking TYATJ00 TYATJ03 FYATJ00 TNATJ00 TNATJ03 FNATJ00 TNATJMR US $ Barrels
Troll Cracking TYATL00 TYATL03 FYATL00 TNATL00 TNATL03 FNATL00 TNATLMR US $ Barrels
Urals Coking TYAUI00 TYAUI03 FYAUI00 TNAUI00 TNAUI03 FNAUI00 TNAUIMR US $ Barrels
Urals Cracking TYAUK00 TYAUK03 FYAUK00 TNAUK00 TNAUK03 FNAUK00 TNAUKMR US $ Barrels
WTI Coking TYATV00 TYATV03 FYATV00 TNATV00 TNATV03 FNATV00 TNATVMR US $ Barrels
WTI Cracking TYATX00 TYATX03 FYATX00 TNATX00 TNATX03 FNATX00 TNATXMR US $ Barrels
WTS Coking TYAUD00 TYAUD03 FYAUD00 TNAUD00 TNAUD03 FNAUD00 TNAUDMR US $ Barrels
WTS Cracking TYAUF00 TYAUF03 FYAUF00 TNAUF00 TNAUF03 FNAUF00 TNAUFMR US $ Barrels
US GULF COAST
Calculated crudes: Arab Berri, Arab Light, Arab Medium, Arab Heavy,
BCF 17, BCF 22, BCF 24, Basrah Light, Bonny Light, Brass River, Brent,
Cano Limon, Cabinda, Escalante, Forcados, Isthmus, Kuwait, LLS, Marlim,
Mars, Merey, Mesa, Olmeca, Rabi Blend, Saharan Blend, Soyo, Statfjord,
Troll, Urals, WTI, WTS
■■ Values are calculated for coking and cracking, but italicized crudes
are only modeled in the cracking mode.
■■ Byproduct credits are assumed for sulfur and petroleum coke.
Turner Mason will supply annual updates on the value of both.
■■ A product quality adjustment is assumed for decant oil.
Product slate
The following products are assumed as the oil products produced by the
refinery. In all cases, Platts daily or weekly assessments are inputted,
except where noted.
■■ Propane (spot/pipeline, Mt. Belvieu)
■■ Propylene Chem Grade (FOB USGC)
■■ Normal Butane (spot/pipeline Mt. Belvieu)
■■ Isobutane (spot/pipeline, Mt. Belvieu)
■■ RBOB 83.7 (spot/pipeline, Houston)
■■ RBOB 91.4 (spot/pipeline, Houston)
■■ Unl 87 (spot/waterborne, USGC)
■■ Prem unl 93 (spot/waterborne, USGC)
■■ Naphtha (spot/waterborne, USGC)
■■ Jet Kerosene 54 (spot/waterborne, USGC)
■■ No. 2 Oil (spot/waterborne, USGC)
■■ ULSD (spot/waterborne, USGC)
■■ No. 6 Slurry Oil (spot/waterborne, USGC)
■■ No. 6 1.0% S (spot/waterborne, USGC)
■■ Marine Fuel Oil 180 CST (Houston)
■■ Marine Fuel Oil 380 CST (Houston)
Note that the finished RFG valuation is calculated using 90% RBOB and
10% ethanol.

Feedstocks
■■ Ethanol (spot, FOB Houston, 3-15 days)
■■ Natural Gas to H2 Plant, MMBTU (Henry Hub Tdt Com)
■■ Natural Gasoline (FOB Mt. Belvieu)
Variable operating costs
■■ Purchased fuel gas (Henry Hub Tdt Com)
■■ Purchased electricity (Into Entergy Pk FDt)
■■ Catalyst and chemicals (Costs provided by Turner Mason, updated
annually)

US ATLANTIC COAST
Arab Heavy Coking TYABL00 TYABL03 FYABL00 TNABL00 TNABN03 FNABL00 TNABNMR US $ Barrels
Arab Heavy Cracking TYABN00 TYABN03 FYABN00 TNABN00 TNABN03 FNABN00 TNABNMR US $ Barrels
Arab Light Coking TYACJ00 TYACJ03 FYACJ00 TNACJ00 TNACJ03 FNACJ00 TNACJMR US $ Barrels
Arab Light Cracking TYACL00 TYACL03 FYACL00 TNACL00 TNACL03 FNACL00 TNACLMR US $ Barrels
Arab Medium Coking TYADP00 TYADP03 FYADP00 TNADP00 TNADP03 FNADP00 TNADPMR US $ Barrels
Arab Medium Cracking TYADR00 TYADR03 FYADR00 TNADR00 TNADR03 FNADR00 TNADRMR US $ Barrels
BCF 22 Coking TYAEV00 TYAEV03 FYAEV00 TNAEV00 TNAEV03 FNAEV00 TNAEVMR US $ Barrels
BCF 22 Cracking TYAEX00 TYAEX03 FYAEX00 TNAEX00 TNAEX03 FNAEX00 TNAEXMR US $ Barrels
Bonny Light Cracking TYAGP00 TYAGP03 FYAGP00 TNAGP00 TNAGP03 FNAGP00 TNAGPMR US $ Barrels
Brass River Cracking TYAHB00 TYAHB03 FYAHB00 TNAHB00 TNAHB03 FNAHB00 TNAHBMR US $ Barrels
Brent Coking TYAHN00 TYAHN03 FYAHN00 TNAHN00 TNAHN03 FNAHN00 TNAHNMR US $ Barrels
Brent Cracking TYAHP00 TYAHP03 FYAHP00 TNAHP00 TNAHP03 FNAHP00 TNAHPMR US $ Barrels
Cabinda Coking TYAHZ00 TYAHZ03 FYAHZ00 TNAHZ00 TNAHZ03 FNAHZ00 TNAHZMR US $ Barrels
Cabinda Cracking TYAIB00 TYAIB03 FYAIB00 TNAIB00 TNAIB03 FNAIB00 TNAIBMR US $ Barrels
Ekofisk Coking TYAJZ00 TYAJZ03 FYAJZ00 TNAJZ00 TNAJZ03 FNAJZ00 TNAJZMR US $ Barrels
Ekofisk Cracking TYAKB00 TYAKB03 FYAKB00 TNAKB00 TNAKB03 FNAKB00 TNAKBMR US $ Barrels
Foinhaven Coking TYAUM00 TYAUM03 FYAUM00 TNAUM00 TNAUM03 FNAUM00 TNAUMMR US $ Barrels
Foinhaven Cracking TYAUQ00 TYAUQ03 FYAUQ00 TNAUQ00 TNAUQ03 FNAUQ00 TNAUQMR US $ Barrels
Forcados Cracking TYAKV00 TYAKV03 FYAKV00 TNAKV00 TNAKV03 FNAKV00 TNAKVMR US $ Barrels
Gulfaks Coking TYALN00 TYALN03 FYALN00 TNALN00 TNALN03 FNALN00 TNALNMR US $ Barrels
Gulfaks Cracking TYALP00 TYALP03 FYALP00 TNALP00 TNALP03 FNALP00 TNALPMR US $ Barrels
Hibernia Coking TYALR00 TYALR03 FYALR00 TNALR00 TNALR03 FNALR00 TNALRMR US $ Barrels
Hibernia Cracking TYALT00 TYALT03 FYALT00 TNALT00 TNALT03 FNALT00 TNALTMR US $ Barrels
Mesa Coking TYAPF00 TYAPF03 FYAPF00 TNAPF00 TNAPF03 FNAPF00 TNAPFMR US $ Barrels
Mesa Cracking TYAPH00 TYAPH03 FYAPH00 TNAPH00 TNAPH03 FNAPH00 TNAPHMR US $ Barrels
Oriente Coking TYAQP00 TYAQP03 FYAQP00 TNAQP00 TNAQP03 FNAQP00 TNAQPMR US $ Barrels
Oriente Cracking TYAQR00 TYAQR03 FYAQR00 TNAQR00 TNAQR03 FNAQR00 TNAQRMR US $ Barrels
Rabi Bl Coking TYARJ00 TYARJ03 FYARJ00 TNARJ00 TNARJ03 FNARJ00 TNARJMR US $ Barrels
Rabi Bl Cracking TYARL00 TYARL03 FYARL00 TNARL00 TNARL03 FNARL00 TNARLMR US $ Barrels
Soyo Coking TYARV00 TYARV03 FYARV00 TNARV00 TNARV03 FNARV00 TNARVMR US $ Barrels
Soyo Cracking TYARX00 TYARX03 FYARX00 TNARX00 TNARX03 FNARX00 TNARXMR US $ Barrels
Statfjord Coking TYASL00 TYASL03 FYASL00 TNASL00 TNASL03 FNASL00 TNASLMR US $ Barrels
Statfjord Cracking TYASN00 TYASN03 FYASN00 TNASN00 TNASN03 FNASN00 TNASNMR US $ Barrels
Troll Coking TYATF00 TYATF03 FYATF00 TNATF00 TNATF03 FNATF00 TNATFMR US $ Barrels
Troll Cracking TYATH00 TYATH03 FYATH00 TNATH00 TNATH03 FNATH00 TNATHMR US $ Barrels

US ATLANTIC COAST
Calculated crudes: Arab Light, Arab Medium, Arab Heavy, BCF 22,
Bonny Light, Brass River, Brent, Cabinda, Ekofisk, Foinhaven, Forcados,
Gullfaks, Hibernia, Mesa, Oriente, Rabi Blend, Palanca (includes
commingled Soyo stream), Statfjord, Troll
■■ Values are calculated for coking and cracking except the italicized
crudes are only modeled in the cracking mode.
■■ A product quality adjustment is assumed for decant oil.
■■ No transportation adjustment for propylene is assumed from the
Gulf Coast, nor is an adjustment made for NGLs from Mont Belvieu.
Product slate
■■ Propylene Ref Grade (Ex Tank FOB USGC)
■■ Normal Butane (spot/pipeline, Mt. Belvieu;)
■■ RBOB UNL (spot/barge, NY)
■■ RBOB Prem (spot/barge, NY)
■■ Unl 87 (spot/barge, NY)
■■ Prem Unl 93 (spot/barge, NY)
■■ Jet Kerosene (spot/barge, NY)
■■ No. 2 Oil (spot/barge, NY)
■■ ULSD (spot/barge, NY)
■■ No. 6 0.3% S high pour (spot/barge, NY)
■■ No. 6 0.7% S (spot/barge, NY)
■■ Marine Fuel Oil 180 CST (New York)
■■ Marine Fuel Oil 380 CST (New York)
Note that the finished RFG valuation is calculated using 90% RBOB and
10% ethanol.
Feedstocks
■■ Ethanol (NYH 5-15 Days Brg)
■■ Natural Gas to H2 Plant, MMBTU (Platts Transco Zone 6 natural
gas price)
■■ Purchased fuel gas (Platts Transco Zone 6 natural gas price)
■■ Purchased electricity (PJM West Pk FDt)
annually)

US MIDCONTINENT
Arab Berri Coking TYAAN00 TYAAN03 FYAAN00 TNAAN00 TNAAN03 FNAAN00 TNAANMR US $ Barrels
Arab Berri Cracking TYAAP00 TYAAP03 FYAAP00 TNAAP00 TNAAP03 FNAAP00 TNAAPMR US $ Barrels
Arab Light Coking TYACR00 TYACR03 FYACR00 TNACR00 TNACR03 FNACR00 TNACRMR US $ Barrels
Arab Light Cracking TYACT00 TYACT03 FYACT00 TNACT00 TNACT03 FNACT00 TNACTMR US $ Barrels
BCF 24 Coking TYAFL00 TYAFL03 FYAFL00 TNAFL00 TNAFL03 FNAFL00 TNAFLMR US $ Barrels
Basrah Light Coking TYAGF00 TYAGF03 FYAGF00 TNAGF00 TNAGF03 FNAGF00 TNAGFMR US $ Barrels
Basrah Light Cracking TYAGH00 TYAGH03 FYAGH00 TNAGH00 TNAGH03 FNAGH00 TNAGHMR US $ Barrels
Bonny Light Cracking TYAGT00 TYAGT03 FYAGT00 TNAGT00 TNAGT03 FNAGT00 TNAGTMR US $ Barrels
Bow River Coking TYAGV00 TYAGV03 FYAGV00 TNAGV00 TNAGV03 FNAGV00 TNAGVMR US $ Barrels
Cabinda Coking TYAIH00 TYAIH03 FYAIH00 TNAIH00 TNAIH03 FNAIH00 TNAIHMR US $ Barrels
Cabinda Cracking TYAIJ00 TYAIJ03 FYAIJ00 TNAIJ00 TNAIJ03 FNAIJ00 TNAIJMR US $ Barrels
Cano Limon Coking TYAIT00 TYAIT03 FYAIT00 TNAIT00 TNAIT03 FNAIT00 TNAITMR US $ Barrels
Cano Limon Cracking TYAIV00 TYAIV03 FYAIV00 TNAIV00 TNAIV03 FNAIV00 TNAIVMR US $ Barrels
Forcados Cracking TYAKZ00 TYAKZ03 FYAKZ00 TNAKZ00 TNAKZ03 FNAKZ00 TNAKZMR US $ Barrels
LLS Coking TYANR00 TYANR03 FYANR00 TNANR00 TNANR03 FNANR00 TNANRMR US $ Barrels
LLS Cracking TYANT00 TYANT03 FYANT00 TNANT00 TNANT03 FNANT00 TNANTMR US $ Barrels
Mesa Coking TYAPN00 TYAPN03 FYAPN00 TNAPN00 TNAPN03 FNAPN00 TNAPNMR US $ Barrels
Mesa Cracking TYAPP00 TYAPP03 FYAPP00 TNAPP00 TNAPP03 FNAPP00 TNAPPMR US $ Barrels
Mixed Light Sour Coking TYAPV00 TYAPV03 FYAPV00 TNAPV00 TNAPV03 FNAPV00 TNAPVMR US $ Barrels
Mixed LightSour Cracking TYAPX00 TYAPX03 FYAPX00 TNAPX00 TNAPX03 FNAPX00 TNAPXMR US $ Barrels
Mixed Light Sweet Coking TYAQX00 TYAQX03 FYAQX00 TNAQX00 TNAQX03 FNAQX00 TNAQXMR US $ Barrels
Mixed Light Sweet Cracking TYAQZ00 TYAQZ03 FYAQZ00 TNAQZ00 TNAQZ03 FNAQZ00 TNAQZMR US $ Barrels
Olmeca Coking TYAQH00 TYAQH03 FYAQH00 TNAQH00 TNAQH03 FNAQH00 TNAQHMR US $ Barrels
Olmeca Cracking TYAQJ00 TYAQJ03 FYAQJ00 TNAQJ00 TNAQJ03 FNAQJ00 TNAQJMR US $ Barrels
Saharan Blend Cracking TYAVH00 TYAVH03 FYAVH00 TNAVH00 TNAVH03 FNAVH00 TNAVHMR US $ Barrels
Syncrude Cracking TYAUR00 TYAUR03 FYAUR00 TNAUR00 TNAUR03 FNAUR00 TNAURMR US $ Barrels
WCS Coking TYAVG00 TYAVG03 FYAVG00 TNAVG00 TNAVG03 FNAVG00 TNAVGMR US $ Barrels
WTI Coking TYATZ00 TYATZ03 FYATZ00 TNATZ00 TNATZ03 FNATZ00 TNATZMR US $ Barrels
WTI Cracking TYAUB00 TYAUB03 FYAUB00 TNAUB00 TNAUB03 FNAUB00 TNAUBMR US $ Barrels
WTS Coking TYAUH00 TYAUH03 FYAUH00 TNAUH00 TNAUH03 FNAUH00 TNAUHMR US $ Barrels
WTS Cracking TYAUJ00 TYAUJ03 FYAUJ00 TNAUJ00 TNAUJ03 FNAUJ00 TNAUJMR US $ Barrels

US MIDCONTINENT
Calculated crudes: Arab Berri, Arab Light, BCF 24, Basrah Light, Bonny
Light, Bow River, Cabinda, Cano Limon, Forcados, LLS, Mesa, Canadian
Mixed Light Sour, Olmeca, Canadian Mixed Light Sweet, Saharan Blend,
Syncrude, WCS, WTI, WTS
■■ Valued are calculated for coking and cracking, but underlined
crudes are only modeled in the coking mode and italicized crudes
are only modeled in the cracking mode.
■■ Residual fuel prices are netted from the Gulf Coast, which is a
more liquid market. Barge rates will be checked on a semi-annual
basis.
■■ No transportation adjustment is assumed between Conway and
the Chicago area for LPG.
Product slate
■■ Propane (Conway pipeline)
■■ Normal Butane (Conway pipeline)
■■ Isobutane (Conway pipeline)
■■ RBOB (Chicago pipe)
■■ PBOB (Chicago spot)
■■ Unl 87 (Chicago pipeline)
■■ Prem Unl 93 (Chicago pipeline)
■■ Jet Fuel (Chicago pipeline)
■■ LS Off-Road (Chicago pipeline)
■■ ULSD (Chicago pipeline)
■■ No. 6 Slurry Oil (spot/waterborne, USGC)
Note that RFG price equals 90% RBOB price plus 10% Ethanol price.
Feedstocks
■■ Ethanol (Chicago spot)
■■ Natural Gas to H2 Plant, MMBTU (Platts Natural Gas Market
Report’s Chicago city gate)
■■ Natural Gasoline (spot, Conway)
■■ Natural gas (Platts Natural Gas Market Report’s Chicago city gate)
■■ Electricity (NI Hub Pk FDt)
annually)

US WEST COAST
ANS Coking TYAAB00 TYAAB03 FYAAB00 TNAAB00 TNAAB03 FNAAB00 TNAABMR US $ Barrels
ANS Cracking TYAAD00 TYAAD03 FYAAD00 TNAAD00 TNAAD03 FNAAD00 TNAADMR US $ Barrels
Arab Berri Coking TYAAR00 TYAAR03 FYAAR00 TNAAR00 TNAAR03 FNAAR00 TNAARMR US $ Barrels
Arab Berri Cracking TYAAT00 TYAAT03 FYAAT00 TNAAT00 TNAAT03 FNAAT00 TNAATMR US $ Barrels
Arab Light Coking TYACV00 TYACV03 FYACV00 TNACV00 TNACV03 FNACV00 TNACVMR US $ Barrels
Arab Light Cracking TYACX00 TYACX03 FYACX00 TNACX00 TNACX03 FNACX00 TNACXMR US $ Barrels
Arab Medium Coking TYADW00 TYADW03 FYADW00 TNADW00 TNADW03 FNADW00 TNADWMR US $ Barrels
Arab Medium Cracking TYADY00 TYADY03 FYADY00 TNADY00 TNADY03 FNADY00 TNADYMR US $ Barrels
Basrah Lt Coking TYAGJ00 TYAGJ03 FYAGJ00 TNAGJ00 TNAGJ03 FNAGJ00 TNAGJMR US $ Barrels
Basrah Lt Cracking TYAGL00 TYAGL03 FYAGL00 TNAGL00 TNAGL03 FNAGL00 TNAGLMR US $ Barrels
Escalante Coking TYAKL00 TYAKL03 FYAKL00 TNAKL00 TNAKL03 FNAKL00 TNAKLMR US $ Barrels
Escalante Cracking TYAKN00 TYAKN03 FYAKN00 TNAKN00 TNAKN03 FNAKN00 TNAKNMR US $ Barrels
Kern River Coking TYAMT00 TYAMT03 FYAMT00 TNAMT00 TNAMT03 FNAMT00 TNAMTMR US $ Barrels
Kern River Cracking TYAMV00 TYAMV03 FYAMV00 TNAMV00 TNAMV03 FNAMV00 TNAMVMR US $ Barrels
Line 63 Coking TYANV00 TYANV03 FYANV00 TNANV00 TNANV03 FNANV00 TNANVMR US $ Barrels
Line 63 Cracking TYANX00 TYANX03 FYANX00 TNANX00 TNANX03 FNANX00 TNANXMR US $ Barrels
Marlim Coking TYAVD00 TYAVD03 FYAVD00 TNAVD00 TNAVD03 FNAVD00 TNAVDMR US $ Barrels
Marlim Cracking TYAVC00 TYAVC03 FYAVC00 TNAVC00 TNAVC03 FNAVC00 TNAVCMR US $ Barrels
Minas Coking TYATA00 TYATA03 FYATA00 TNATA00 TNATA03 FNATA00 TNATAMR US $ Barrels
Minas Cracking TYATC00 TYATC03 FYATC00 TNATC00 TNATC03 FNATC00 TNATCMR US $ Barrels
Mixed Light Sweet Coking TYARB00 TYARB03 FYARB00 TNARB00 TNARB03 FNARB00 TNARBMR US $ Barrels
Mixed Light Sweet Cracking TYARD00 TYARD03 FYARD00 TNARD00 TNARD03 FNARD00 TNARDMR US $ Barrels
Napo Coking TYAVM00 TYAVM03 FYAVM00 TNAVM00 TNAVM03 FNAVM00 TNAVMMR US $ Barrels
Oriente Coking TYAQT00 TYAQT03 FYAQT00 TNAQT00 TNAQT03 FNAQT00 TNAQTMR US $ Barrels
Oriente Cracking TYAQV00 TYAQV03 FYAQV00 TNAQV00 TNAQV03 FNAQV00 TNAQVMR US $ Barrels
Thums Coking TYASX00 TYASX03 FYASX00 TNASX00 TNASX03 FNASX00 TNASXMR US $ Barrels
Thums Cracking TYASZ00 TYASZ03 FYASZ00 TNASZ00 TNASZ03 FNASZ00 TNASZMR US $ Barrels

US WEST COAST
Calculated crudes: ANS, Arab Berri, Arab Light, Arab Medium, Basrah
Light, Escalante, Kern River, Line 63, Marlim, Minas, Napo, Oriente,
Canadian Mixed Light Sweet, THUMS
■■ Values are calculated for coking and cracking, but underlined
crudes are modeled only in the coking mode.
■■ Propane, normal butane and isobutane are not netted back from
Mt. Belvieu.
■■ No freight component for ANS is calculated, since it is always
purchased delivered. A comparison of the cost of the crude and
the yield would therefore not include a freight component.
■■ The refinery model is constructed from refinery patterns found
in all major refining areas of the West Coast. As a result, crude
yields are supplied for Canadian mixed light sweet crude, even
though the Puget Sound area is the only West Coast region where
it is refined. However, Seattle light ends prices are used for the
Canadian Mixed Light Sweet assessments where possible.
Product slate
■■ Normal Butane (spot/pipeline, Mt. Belvieu)
■■ Unl 87 (spot/pipeline, Los Angeles)
■■ Prem Unl 92 (spot/pipeline, Los Angeles)
■■ CARBOB 85.5 (spot/pipeline, Los Angeles)
■■ CARBOB 90 (spot/pipeline, Los Angeles)
■■ Jet Kerosene (spot/pipeline, Los Angeles)
■■ ULSD (spot/pipeline, Los Angeles)
■■ CARB Diesel (spot/pipeline, Los Angeles)
■■ No. 6 0.5% S (spot/waterborne, West Coast)
■■ No. 6 1.0% S (spot/waterborne, West Coast)
■■ No. 6 2% S (spot/waterborne, West Coast)
■■ No. 6 1.0% S (spot/waterborne, USGC) (This price is used to
calculate a debit when resid sulfur exceeds 3.0%)
■■ No. 6 3.5% S (spot/waterborne, USGC) (This price is used to
calculate a debit when resid sulfur exceeds 3.0%)
■■ High sulfur No. 6 fuel oil. (This price is calculated by taking
the Platts assessment for 380 CST spot/cargo Los Angeles
less the difference between Houston 380 CST and Houston
3.5% S No. 6)
■■ 380 CST (spot/cargo, Los Angeles)
Note that CARB gasoline price equals 94.3% RBOB price plus 5.7% Ethanol
price.
Feedstocks
■■ Ethanol (southern CA rail)
■■ Natural Gas to H2 Plant (based on Platts Natural Gas Market
Report’s SoCal Gas Pk TDt Abs)
■■ Natural gasoline (FOB Mt. Belvieu)
■■ Natural Gas (based on Platts Natural Gas Market Report’s SoCal
Gas Pk TDt Abs)
■■ Electricity (North Path 15 Pk FDt)
■■ Purchased diesel is assumed as a cutter stock in the bunker fuel
where necessary, and a value is calculated.
annually)

CARIBBEAN
Arab Berri Coking TYAAF00 TYAAF03 FYAAF00 TNAAF00 TNAAF03 FNAAF00 TNAAFMR US $ Barrels
Arab Berri Cracking TYAAH00 TYAAH03 FYAAH00 TNAAH00 TNAAH03 FNAAH00 TNAAHMR US $ Barrels
Arab Heavy Coking TYAAZ00 TYAAZ03 FYAAZ00 TNAAZ00 TNAAZ03 FNAAZ00 TNAAZMR US $ Barrels
Arab Heavy Cracking TYABB00 TYABB03 FYABB00 TNABB00 TNABB03 FNABB00 TNABBMR US $ Barrels
Arab Light Coking TYABX00 TYABX03 FYABX00 TNABX00 TNABX03 FNABX00 TNABXMR US $ Barrels
Arab Light Cracking TYABZ00 TYABZ03 FYABZ00 TNABZ00 TNABZ03 FNABZ00 TNABZMR US $ Barrels
Arab Medium Coking TYADD00 TYADD03 FYADD00 TNADD00 TNADD03 FNADD00 TNADDMR US $ Barrels
Arab Medium Cracking TYADF00 TYADF03 FYADF00 TNADF00 TNADF03 FNADF00 TNADFMR US $ Barrels
BCF 17 Coking TYAEJ00 TYAEJ03 FYAEJ00 TNAEJ00 TNAEJ03 FNAEJ00 TNAEJMR US $ Barrels
BCF 17 Cracking TYAEL00 TYAEL03 FYAEL00 TNAEL00 TNAEL03 FNAEL00 TNAELMR US $ Barrels
BCF 22 Coking TYAER00 TYAER03 FYAER00 TNAER00 TNAER03 FNAER00 TNAERMR US $ Barrels
BCF 22 Cracking TYAET00 TYAET03 FYAET00 TNAET00 TNAET03 FNAET00 TNAETMR US $ Barrels
BCF 24 Coking TYAFD00 TYAFD03 FYAFD00 TNAFD00 TNAFD03 FNAFD00 TNAFDMR US $ Barrels
BCF 24 Cracking TYAFF00 TYAFF03 FYAFF00 TNAFF00 TNAFF03 FNAFF00 TNAFFMR US $ Barrels
Basrah Light Coking TYAFT00 TYAFT03 FYAFT00 TNAFT00 TNAFT03 FNAFT00 TNAFTMR US $ Barrels
Basrah Light Cracking TYAFV00 TYAFV03 FYAFV00 TNAFV00 TNAFV03 FNAFV00 TNAFVMR US $ Barrels
Bonny Light Cracking TYAGN00 TYAGN03 FYAGN00 TNAGN00 TNAGN03 FNAGN00 TNAGNMR US $ Barrels
Brass River Cracking TYAGZ00 TYAGZ03 FYAGZ00 TNAGZ00 TNAGZ03 FNAGZ00 TNAGZMR US $ Barrels
Brent Coking TYAHJ00 TYAHJ03 FYAHJ00 TNAHJ00 TNAHJ03 FNAHJ00 TNAHJMR US $ Barrels
Brent Cracking TYAHL00 TYAHL03 FYAHL00 TNAHL00 TNAHL03 FNAHL00 TNAHLMR US $ Barrels
Cabinda Coking TYAHV00 TYAHV03 FYAHV00 TNAHV00 TNAHV03 FNAHV00 TNAHVMR US $ Barrels
Cabinda Cracking TYAHX00 TYAHX03 FYAHX00 TNAHX00 TNAHX03 FNAHX00 TNAHXMR US $ Barrels
Cano Limon Coking TYAIL00 TYAIL03 FYAIL00 TNAIL00 TNAIL03 FNAIL00 TNAILMR US $ Barrels
Cano Limon Cracking TYAIN00 TYAIN03 FYAIN00 TNAIN00 TNAIN03 FNAIN00 TNAINMR US $ Barrels
Escalante Coking TYAKC00 TYAKC03 FYAKC00 TNAKC00 TNAKC03 FNAKC00 TNAKCMR US $ Barrels
Escalante Cracking TYAKE00 TYAKE03 FYAKE00 TNAKE00 TNAKE03 FNAKE00 TNAKEMR US $ Barrels
Forcados Cracking TYAKT00 TYAKT03 FYAKT00 TNAKT00 TNAKT03 FNAKT00 TNAKTMR US $ Barrels
Isthmus Coking TYAML00 TYAML03 FYAML00 TNAML00 TNAML03 FNAML00 TNAMLMR US $ Barrels
Isthmus Cracking TYAMN00 TYAMN03 FYAMN00 TNAMN00 TNAMN03 FNAMN00 TNAMNMR US $ Barrels
Kuwait Coking TYANB00 TYANB03 FYANB00 TNANB00 TNANB03 FNANB00 TNANBMR US $ Barrels
Kuwait Cracking TYAND00 TYAND03 FYAND00 TNAND00 TNAND03 FNAND00 TNANDMR US $ Barrels
Maya Coking TYAOD00 TYAOD03 FYAOD00 TNAOD00 TNAOD03 FNAOD00 TNAODMR US $ Barrels
Maya Cracking TYAOF00 TYAOF03 FYAOF00 TNAOF00 TNAOF03 FNAOF00 TNAOFMR US $ Barrels
Merey Coking TYAOT00 TYAOT03 FYAOT00 TNAOT00 TNAOT03 FNAOT00 TNAOTMR US $ Barrels
Merey Cracking TYAOV00 TYAOV03 FYAOV00 TNAOV00 TNAOV03 FNAOV00 TNAOVMR US $ Barrels
Mesa Coking TYAPB00 TYAPB03 FYAPB00 TNAPB00 TNAPB03 FNAPB00 TNAPBMR US $ Barrels
Mesa Cracking TYAPD00 TYAPD03 FYAPD00 TNAPD00 TNAPD03 FNAPD00 TNAPDMR US $ Barrels
Olmeca Coking TYAPZ00 TYAPZ03 FYAPZ00 TNAPZ00 TNAPZ03 FNAPZ00 TNAPZMR US $ Barrels
Olmeca Cracking TYAQB00 TYAQB03 FYAQB00 TNAQB00 TNAQB03 FNAQB00 TNAQBMR US $ Barrels
Rabi Bl Coking TYARF00 TYARF03 FYARF00 TNARF00 TNARF03 FNARF00 TNARFMR US $ Barrels
Rabi Bl Cracking TYARH00 TYARH03 FYARH00 TNARH00 TNARH03 FNARH00 TNARHMR US $ Barrels
Soyo Coking TYARR00 TYARR03 FYARR00 TNARR00 TNARR03 FNARR00 TNARRMR US $ Barrels

CARIBBEAN CONTINUED
Soyo Cracking TYART00 TYART03 FYART00 TNART00 TNART03 FNART00 TNARTMR US $ Barrels
Statfjord Coking TYASH00 TYASH03 FYASH00 TNASH00 TNASH03 FNASH00 TNASHMR US $ Barrels
Statfjord Cracking TYASJ00 TYASJ03 FYASJ00 TNASJ00 TNASJ03 FNASJ00 TNASJMR US $ Barrels
Troll Coking TYATB00 TYATB03 FYATB00 TNATB00 TNATB03 FNATB00 TNATBMR US $ Barrels
Troll Cracking TYATD00 TYATD03 FYATD00 TNATD00 TNATD03 FNATD00 TNATDMR US $ Barrels
CARIBBEAN
Calculated crudes: Arab Berri, Arab Heavy, Arab Light, Arab Medium,
BCF 17, BCF 22, BCF 24, Basrah Light, Bonny Light, Brass River, Brent,
Cabinda, Cano Limon, Escalanta, Forcados, Isthmus, Kuwait, Maya,
Merey, Mesa, Olmeca, Rabi Blend, Soyo, Statfjord, Troll
■■ Values are calculated for coking and cracking, but italicized crudes
are modeled only in the cracking mode.
■■ Light ends and NY harbor residual fuel prices are netted back from
NY harbor using Platts spot freight assessments in conjunction
with Worldscale 100 rates.
■■ The marine fuel 180 CST AND 380 CST prices are based on the
price relationships of marine fuels in Houston compared to the
high sulfur residual fuel prices in the US Gulf Coast.
Product slate
■■ Normal butane (Mont Belvieu)
■■ RBOB UNL (spot/barge, NY)
■■ RROB Prem (spot/barge, NY)
■■ Unl 87 (Spot/cargo, NY)
■■ Prem unl 93 (Spot/cargo, NY)
■■ Naphtha (spot/cargo, Caribbean)
■■ Jet Kerosene (spot/cargo, NY)
■■ ULSD (spot/cargo, NY)
■■ No. 2 Oil (spot/cargo, NY)
■■ No. 6 0.3% S high pour (spot/cargo, NY)
■■ No. 6 0.7% S (spot/cargo, NY)
■■ No. 6 1.0% S (spot/cargo, NY)
■■ No. 6 2.0% S (spot/cargo, Caribbean)
■■ No. 6 2.8% S (spot/cargo, Caribbean)
■■ Marine Fuel Oil 180 CST (formula - see note above)
■■ Marine Fuel Oil 380 CST (formula - see note above)
Note that RFG price equals 90% RBOB price plus 10% Ethanol price.
Feedstocks
■■ Ethanol (spot, FOB Houston)
■■ Nat. Gas equiv. to H2 Plant, Bbls (No. 6 2.8% S, spot/cargo
Caribbean)
Variable Costs
■■ Fuel (No. 6 2.8% S, spot/cargo Caribbean)
annually)

AMSTERDAM-ROTTERDAM-ANTWERP
Arab Heavy Cracking TYAAV00 TYAAV03 FYAAV00 TNAAV00 TNAAV03 FNAAV00 TNAAVMR US $ Barrels
Arab Heavy Visbreaking TYAAX00 TYAAX03 FYAAX00 TNAAX00 TNAAX03 FNAAX00 TNAAXMR US $ Barrels
Arab Light Cracking TYABT00 TYABT03 FYABT00 TNABT00 TNABT03 FNABT00 TNABTMR US $ Barrels
Arab Light Visbreaking TYABV00 TYABV03 FYABV00 TNABV00 TNABV03 FNABV00 TNABVMR US $ Barrels
Arab Medium Cracking TYACZ00 TYACZ03 FYACZ00 TNACZ00 TNACZ03 FNACZ00 TNACZMR US $ Barrels
Arab Medium Visbreaking TYADB00 TYADB03 FYADB00 TNADB00 TNADB03 FNADB00 TNADBMR US $ Barrels
Azeri Light Cracking TYAEB00 TYAEB03 FYAEB00 TNAEB00 TNAEB03 FNAEB00 TNAEBMR US $ Barrels
Azeri Light Visbreaking TYAED00 TYAED03 FYAED00 TNAED00 TNAED03 FNAED00 TNAEDMR US $ Barrels
Basrah Light Cracking TYAFP00 TYAFP03 FYAFP00 TNAFP00 TNAFP03 FNAFP00 TNAFPMR US $ Barrels
Basrah Light Visbreaking TYAFR00 TYAFR03 FYAFR00 TNAFR00 TNAFR03 FNAFR00 TNAFRMR US $ Barrels
Brass River Cracking TYATS00 TYATS03 FYATS00 TNATS00 TNATS03 FNATS00 TNATSMR US $ Barrels
Brent Cracking TYAHF00 TYAHF03 FYAHF00 TNAHF00 TNAHF03 FNAHF00 TNAHFMR US $ Barrels
Brent Visbreaking TYAHH00 TYAHH03 FYAHH00 TNAHH00 TNAHH03 FNAHH00 TNAHHMR US $ Barrels
Cabinda Cracking TYAVK00 TYAVK03 FYAVK00 TNAVK00 TNAVK03 FNAVK00 TNAVKMR US $ Barrels
Ekofisk Cracking TYAJV00 TYAJV03 FYAJV00 TNAJV00 TNAJV03 FNAJV00 TNAJVMR US $ Barrels
Ekofisk Visbreaking TYAJX00 TYAJX03 FYAJX00 TNAJX00 TNAJX03 FNAJX00 TNAJXMR US $ Barrels
Flotta Cracking TYAKP00 TYAKP03 FYAKP00 TNAKP00 TNAKP03 FNAKP00 TNAKPMR US $ Barrels
Flotta Visbreaking TYAKR00 TYAKR03 FYAKR00 TNAKR00 TNAKR03 FNAKR00 TNAKRMR US $ Barrels
Forties Cracking TYALB00 TYALB03 FYALB00 TNALB00 TNALB03 FNALB00 TNALBMR US $ Barrels
Forties Visbreaking TYALD00 TYALD03 FYALD00 TNALD00 TNALD03 FNALD00 TNALDMR US $ Barrels
Gulfaks Cracking TYALF00 TYALF03 FYALF00 TNALF00 TNALF03 FNALF00 TNALFMR US $ Barrels
Gulfaks Visbreaking TYALH00 TYALH03 FYALH00 TNALH00 TNALH03 FNALH00 TNALHMR US $ Barrels
Hungo Cracking TYAVI00 TYAVI03 FYAVI00 TNAVI00 TNAVI03 FNAVI00 TNAVIMR US $ Barrels
Iran Heavy Cracking TYALV00 TYALV03 FYALV00 TNALV00 TNALV03 FNALV00 TNALVMR US $ Barrels
Iran Heavy Visbreaking TYALX00 TYALX03 FYALX00 TNALX00 TNALX03 FNALX00 TNALXMR US $ Barrels
Iran Light Cracking TYAMD00 TYAMD03 FYAMD00 TNAMD00 TNAMD03 FNAMD00 TNAMDMR US $ Barrels
Iran Light Visbreaking TYAMF00 TYAMF03 FYAMF00 TNAMF00 TNAMF03 FNAMF00 TNAMFMR US $ Barrels
Kirkuk Cracking TYATU00 TYATU03 FYATU00 TNATU00 TNATU03 FNATU00 TNATUMR US $ Barrels
Kuwait Cracking TYAMX00 TYAMX03 FYAMX00 TNAMX00 TNAMX03 FNAMX00 TNAMXMR US $ Barrels
Kuwait Visbreaking TYAMZ00 TYAMZ03 FYAMZ00 TNAMZ00 TNAMZ03 FNAMZ00 TNAMZMR US $ Barrels
Murban Cracking TYATQ00 TYATQ03 FYATQ00 TNATQ00 TNATQ03 FNATQ00 TNATQMR US $ Barrels
Oseberg Cracking TYAVJ00 TYAVJ03 FYAVJ00 TNAVJ00 TNAVJ03 FNAVJ00 TNAVJMR US $ Barrels
Saharan Blend Cracking TYATY00 TYATY03 FYAFY00 TNATN00 TNATN03 FNAFN00 TNATNMR US $ Barrels
Statfjord Cracking TYASD00 TYASD03 FYASD00 TNASD00 TNASD03 FNASD00 TNASDMR US $ Barrels
Statfjord Visbreaking TYASF00 TYASF03 FYASF00 TNASF00 TNASF03 FNASF00 TNASFMR US $ Barrels
Urals Cracking TYATN00 TYATN03 FYATN00 TNATN00 TNATN03 FNATN00 TNATNMR US $ Barrels
Urals Visbreaking TYATP00 TYATP03 FYATP00 TNATP00 TNATP03 FNATP00 TNATPMR US $ Barrels
Zueitina Cracking TYAUC00 TYAUC03 FYAUC00 TNAUC00 TNAUC03 FNAUC00 TNAUCMR US $ Barrels

AMSTERDAM-ROTTERDAM-ANTWERP
Calculated crudes: Arab Heavy, Arab Light, Arab Medium, Azeri Light,
Basrah Light, Brass River, Brent, Cabinda, Ekofisk, Flotta, Forties, Gullfaks,
Hungo, Iran Heavy, Iran Light, Kirkuk, Kuwait, Murban, Oseberg, Saharan
Blend, Statfjord, Urals, Zueitina
■■ Values are calculated for visbreaking and cracking, but italicized
crudes are modeled only in the cracking mode.
■■ Byproduct credits are assumed for sulfur. The price of sulfur will
be adjusted annually by Turner Mason.
Product slate
■■ Propane (spot, FOB ARA)
■■ Propylene Chem Grade (CIF NWE)
■■ Reg Unl 10ppm S (spot/barge, FOB Rotterdam)
■■ Prem Unl 10ppm S (spot/barge, FOB Rotterdam, for cracking yields)
(Premium unleaded is not part of the visbreaking model.)
■■ Naphtha (spot/barge, FOB Rotterdam)
■■ Jet Kerosene (spot/barge, FOB Rotterdam)
■■ Gasoil 10 ppm S (spot/barge, FOB Rotterdam)
■■ Gasoil 0.1%S (spot/barge, FOB Rotterdam)
■■ No. 6 1.0% S (spot/barge, Rotterdam)
■■ NO. 6 3.5% S (spot/barge, Rotterdam)
■■ No. 6 1.0% S (CIF Cargo, NWE) (used for resid sulfur adjustment
when resid sulfur is greater than 3.5%)
■■ No. 6 3.5% S (CIF Cargo, NWE) (used for resid sulfur adjustment
when resid sulfur is greater than 3.5%)
■■ 180 CST (Rotterdam)
■■ 380 CST (Rotterdam)
■■ VGO 2% max S (Cargo, CIF NWE)
■■ VGO 0.5-0.6% S (Cargo, CIF NWE)
Feedstocks
■■ Methanol (spot, T1 FOB Rotterdam)
■■ Natural gas to hydrogen plant (Platts daily 1-month Zeebruge
natural gas price)
■■ Natural Gas (Platts daily 1-month Zeebruge natural gas price)
■■ Electricity (Platts daily 1-mo Netherlands system base price)
annually)

ITALY
Arab Heavy Cracking TYABD00 TYABD03 FYABD00 TNABD00 TNABD03 FNABD00 TNABDMR US $ Barrels
Arab Heavy Visbreaking TYABF00 TYABF03 FYABF00 TNABF00 TNABF03 FNABF00 TNABFMR US $ Barrels
Arab Light Cracking TYACB00 TYACB03 FYACB00 TNACB00 TNACB03 FNACB00 TNACBMR US $ Barrels
Arab Light Visbreaking TYACD00 TYACD03 FYACD00 TNACD00 TNACD03 FNACD00 TNACDMR US $ Barrels
Arab Medium Cracking TYADH00 TYADH03 FYADH00 TNADH00 TNADH03 FNADH00 TNADHMR US $ Barrels
Arab Medium Visbreaking TYADJ00 TYADJ03 FYADJ00 TNADJ00 TNADJ03 FNADJ00 TNADJMR US $ Barrels
Azeri Light Cracking TYAEF00 TYAEF03 FYAEF00 TNAEF00 TNAEF03 FNAEF00 TNAEFMR US $ Barrels
Azeri Light Visbreaking TYAEH00 TYAEH03 FYAEH00 TNAEH00 TNAEH03 FNAEH00 TNAEHMR US $ Barrels
Basrah Light Cracking TYAFX00 TYAFX03 FYAFX00 TNAFX00 TNAFX03 FNAFX00 TNAFXMR US $ Barrels
Basrah Light Visbreaking TYAFZ00 TYAFZ03 FYAFZ00 TNAFZ00 TNAFZ03 FNAFZ00 TNAFZMR US $ Barrels
CPC Blendend Cracking TYAVN00 TYAVN03 FYAVN00 TNAVN00 TNAVN03 FNAVN00 TNAVNMR US $ Barrels
Es Sider Cracking TYAKD00 TYAKD03 FYAKD00 TNAKD00 TNAKD03 FNAKD00 TNAKDMR US $ Barrels
Es Sider Visbreaking TYAKF00 TYAKF03 FYAKF00 TNAKF00 TNAKF03 FNAKF00 TNAKFMR US $ Barrels
Iran Heavy Cracking TYALZ00 TYALZ03 FYALZ00 TNALZ00 TNALZ03 FNALZ00 TNALZMR US $ Barrels
Iran Heavy Visbreaking TYAMB00 TYAMB03 FYAMB00 TNAMB00 TNAMB03 FNAMB00 TNAMBMR US $ Barrels
Iran Light Cracking TYAMH00 TYAMH03 FYAMH00 TNAMH00 TNAMH03 FNAMH00 TNAMHMR US $ Barrels
Iran Light Visbreaking TYAMJ00 TYAMJ03 FYAMJ00 TNAMJ00 TNAMJ03 FNAMJ00 TNAMJMR US $ Barrels
Kirkuk Cracking TYAMU00 TYAMU03 FYAMU00 TNAMU00 TNAMU03 FNAMU00 TNAMUMR US $ Barrels
Kirkuk Visbreaking TYAMW00 TYAMW03 FYAMW00 TNAMW00 TNAMW03 FNAMW00 TNAMWMR US $ Barrels
Saharan Blend Cracking TYARO00 TYARO03 FYARO00 TNARO00 TNARO03 FNARO00 TNAROMR US $ Barrels
Saharan Blend Visbreaking TYARQ00 TYARQ03 FYARQ00 TNARQ00 TNARQ03 FNARQ00 TNARQMR US $ Barrels
Suez Blendend Cracking TYAUO00 TYAUO03 FYAUO00 TNAUO00 TNAUO03 FNAUO00 TNAUOMR US $ Barrels
Suez Blendend Visbreaking TYAUP00 TYAUP03 FYAUP00 TNAUP00 TNAUP03 FNAUP00 TNAUPMR US $ Barrels
Urals Cracking TYATR00 TYATR03 FYATR00 TNATR00 TNATR03 FNATR00 TNATRMR US $ Barrels
Urals Visbreaking TYATT00 TYATT03 FYATT00 TNATT00 TNATT03 FNATT00 TNATTMR US $ Barrels
Zueitina Cracking TYAUL00 TYAUL03 FYAUL00 TNAUL00 TNAUL03 FNAUL00 TNAULMR US $ Barrels
Zueitina Visbreaking TYAUN00 TYAUN03 FYAUN00 TNAUN00 TNAUN03 FNAUN00 TNAUNMR US $ Barrels

ITALY
Calculated crudes: Arab Heavy, Arab Light, Arab Medium, Azeri Light,
Basrah Light, CPC Blend, Es Sider, Gulf of Suez, Iran Heavy, Iran Light,
Kirkuk, Saharan Blend, Urals, Zueitina
■■ Regular and premium unleaded gasoline is netted back from the
Platts FOB NWE price.
Product slate
■■ Propane (spot, FOB W Med ex-ref/stor)
■■ Propylene chem grade (CIF NWE)
■■ Butane (spot, FOB W Med ex-ref/stor)
■■ Reg Unl (spot/barge, FOB ARA)
■■ Prem Unl (spot/cargo, FOB Med)
■■ Naphtha (spot/cargo, FOB Med)
■■ Jet Kerosene (spot/cargo, FOB Med)
■■ ULSD 10ppm (spot/cargo, FOB Med)
■■ Gasoil 0.1% S (spot/cargo, FOB Med)
■■ VGO 2% max S (Cargo, CIF NWE)
■■ VGO 0.5-0.6% S (Cargo, CIF NWE)
■■ No. 6 1.0% S (spot/cargo, FOB Med)
■■ No. 6 3.5% S (spot/cargo, FOB Med)
■■ 180 CST (spot, Genoa)
■■ 380 CST (spot, Genoa)
Feedstocks
■■ Methanol (spot, T1 FOB Rotterdam)
■■ Natural gas to hydrogen plant (Platts daily 1-month Zeebruge
natural gas price)
■■ Electricity (Switzerland Laufen Base rate, initially quoted by Platts
in Euros per megawatt hour, converted using prevailing euro/$
rates)
■■ Fuel gas (Platts daily 1-month Zeebruge natural gas price)
annually)

SINGAPORE
Arab Heavy Cracking TYABH00 TYABH03 FYABH00 TNABH00 TNABH03 FNABH00 TNABHMR US $ Barrels
Arab Heavy Visbreaking TYABJ00 TYABJ03 FYABJ00 TNABJ00 TNABJ03 FNABJ00 TNABJMR US $ Barrels
Arab Light Cracking TYACF00 TYACF03 FYACF00 TNACF00 TNACF03 FNACF00 TNACFMR US $ Barrels
Arab Light Visbreaking TYACH00 TYACH03 FYACH00 TNACH00 TNACH03 FNACH00 TNACHMR US $ Barrels
Arab Medium Cracking TYADL00 TYADL03 FYADL00 TNADL00 TNADL03 FNADL00 TNADLMR US $ Barrels
Arab Medium Visbreaking TYADN00 TYADN03 FYADN00 TNADN00 TNADN03 FNADN00 TNADNMR US $ Barrels
Attaka Cracking TYADX00 TYADX03 FYADX00 TNADX00 TNADX03 FNADX00 TNADXMR US $ Barrels
Attaka Visbreaking TYADZ00 TYADZ03 FYADZ00 TNADZ00 TNADZ03 FNADZ00 TNADZMR US $ Barrels
Cabinda Cracking TYAVF00 TYAVF03 FYAVF00 TNAVF00 TNAVF03 FNAVF00 TNAVFMR US $ Barrels
Dubai Cracking TYAJN00 TYAJN03 FYAJN00 TNAJN00 TNAJN03 FNAJN00 TNAJNMR US $ Barrels
Dubai Visbreaking TYAJP00 TYAJP03 FYAJP00 TNAJP00 TNAJP03 FNAJP00 TNAJPMR US $ Barrels
Duri Cracking TYAJR00 TYAJR03 FYAJR00 TNAJR00 TNAJR03 FNAJR00 TNAJRMR US $ Barrels
Duri Visbreaking TYAJT00 TYAJT03 FYAJT00 TNAJT00 TNAJT03 FNAJT00 TNAJTMR US $ Barrels
Kuwait Cracking TYANF00 TYANF03 FYANF00 TNANF00 TNANF03 FNANF00 TNANFMR US $ Barrels
Kuwait Visbreaking TYANH00 TYANH03 FYANH00 TNANH00 TNANH03 FNANH00 TNANHMR US $ Barrels
Lower Zakum Cracking TYANS00 TYANS03 FYANS00 TNANS00 TNANS03 FNANS00 TNANSMR US $ Barrels
Lower Zakum Visbreaking TYANU00 TYANU03 FYANU00 TNANU00 TNANU03 FNANU00 TNANUMR US $ Barrels
Minas Cracking TYAPR00 TYAPR03 FYAPR00 TNAPR00 TNAPR03 FNAPR00 TNAPRMR US $ Barrels
Minas Visbreaking TYAPT00 TYAPT03 FYAPT00 TNAPT00 TNAPT03 FNAPT00 TNAPTMR US $ Barrels
Murban Cracking TYAPY00 TYAPY03 FYAPY00 TNAPY00 TNAPY03 FNAPY00 TNAPYMR US $ Barrels
Murban Visbreaking TYAQA00 TYAQA03 FYAQA00 TNAQA00 TNAQA03 FNAQA00 TNAQAMR US $ Barrels
Oman Cracking TYAQL00 TYAQL03 FYAQL00 TNAQL00 TNAQL03 FNAQL00 TNAQLMR US $ Barrels
Oman Visbreaking TYAQN00 TYAQN03 FYAQN00 TNAQN00 TNAQN03 FNAQN00 TNAQNMR US $ Barrels
Qatar Land Cracking TYARA00 TYARA03 FYARA00 TNARA00 TNARA03 FNARA00 TNARAMR US $ Barrels
Qatar Land Visbreaking TYARC00 TYARC03 FYARC00 TNARC00 TNARC03 FNARC00 TNARCMR US $ Barrels
Qatar Marine Cracking TYARE00 TYARE03 FYARE00 TNARE00 TNARE03 FNARE00 TNAREMR US $ Barrels
Qatar Marine Visbreaking TYARG00 TYARG03 FYARG00 TNARG00 TNARG03 FNARG00 TNARGMR US $ Barrels
Tapis Cracking TYAST00 TYAST03 FYAST00 TNAST00 TNAST03 FNAST00 TNASTMR US $ Barrels
Tapis Visbreaking TYASV00 TYASV03 FYASV00 TNASV00 TNASV03 FNASV00 TNASVMR US $ Barrels
Umm Shaif Cracking TYATK00 TYATK03 FYATK00 TNATK00 TNATK03 FNATK00 TNATKMR US $ Barrels
Umm Shaif Visbreaking TYATM00 TYATM03 FYATM00 TNATM00 TNATM03 FNATM00 TNATMMR US $ Barrels

SINGAPORE
Calculated crudes: Arab Heavy, Arab Light, Arab Medium, Attaka,
Cabinda, Dubai, Duri, Kuwait, Lower Zakum, Minas, Murban, Oman, Qatar
Land, Qatar Marine, Tapis, Umm Shaif
Product slate
■■ Propane (spot, CFR NAsia)
■■ Mogas 92 Unl (spot/cargo, Singapore)
■■ Mogas 97 Unl (spot/cargo, Singapore)
■■ Jet Kerosene (spot/cargo, Singapore)
■■ Gasoil 0.25% S (spot/cargo, Singapore)
■■ Gasoil 0.05% S (spot/cargo, Singapore)
■■ Gasoil 50 ppm S (spot/cargo, Singapore)
■■ LSWR Mixed/Cracked (spot/cargo, Indonesia)
■■ HSFO 180 CST 2% S (spot/cargo, Singapore)
■■ HSFO 180 CST (spot/cargo, Singapore)
■■ HSFO 380 CST (spot/cargo, Singapore)
■■ Naphtha(spot/cargo, Singapore)
Feedstocks
■■ Methanol (spot, CFR Asia)
■■ Natural Gas to H2 Plant, MMBTU (HSFO 180 CST 2% S spot/
cargo, Singapore)
Variable Operating Costs
■■ Purchased Electricity (Singapore retail rates)
■■ Purchased Fuel Gas (HSFO 180 CST 2% S spot/cargo, Singapore)
annually)
revision history
August, 2013: Platts revamped all Oil Methodology And Specifications
Guides, including its Yields and Netbacks guide, in August 2013. This
revamp was completed to enhance the clarity and usefulness of all
guides, and to introduce greater consistency of layout and structure
across all published methodology guides. Methodologies for market
coverage were not changed through this revamp, unless specifically noted
in the methodology guide itself.

Yields netbacks-methodology Platts

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