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Southesk-Gottman Launches New Oil Products Price Assessments

(1888PressRelease) Market participants use benchmark prices to monitor commodity markets and attain full transparency on transactions.<br><br>Southesk Gottman, a global brokerage service provider specializing in over-the-counter derivatives within the commodity markets, today announced that it will publish independent, outright price assessments for a range of oil products for the Middle East market on a Free-On-Board new basis.

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Southesk-Gottman Launches New Oil Products Price Assessments

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  1. (1888PressRelease) Market participants use benchmark prices to monitor commodity markets and attain full transparency on transactions. Southesk-Gottman Launches New Oil Products Price Assessments

  2. Southesk-Gottman Launches New Oil Products Price Assessments Southesk Gottman, a global brokerage service provider specializing in over-the-counter derivatives within the commodity markets, today announced that it will publish independent, outright price assessments for a range of oil products for the Middle East market on a Free-On-Board new basis. These commodity prices encompass spot and forward curves, ensuring clients obtain a constant and dependable source of pricing data to help them better comprehend significant movements and deals in international markets.

  3. Southesk-Gottman Launches New Oil Products Price Assessments The new assessments are for gasoline, diesel/gas oil, jet fuel, and fuel oil. They will be published alongside existing physical netback values for these products which derive their values from the price assessments at the regional trading hub of Singapore after adjusting for shipping costs.

  4. Southesk-Gottman Launches New Oil Products Price Assessments Low Sun Maidin, Senior Managing Editor of Commodities said: “As the Middle East continues its diversification into producing and exporting refined oil products, market participants have identified a need for independent oil products price assessments based on the growing regional hubs in addition to the existing and widely used Singapore netback prices.”

  5. Southesk-Gottman Launches New Oil Products Price Assessments The Middle East has seen substantial growth in refining and storage capacity, growth in physical oil trading, and market participation. These factors have contributed to a vibrant and active spot physical market for oil products and a substantial increase in the over-the-counter trading of oil product derivatives, mainly for hedging purposes.

  6. Southesk-Gottman Launches New Oil Products Price Assessments Southesk Gottman will publish outright cash assessments, a range of derivatives, and the corresponding strip values for all four oil products. Cargoes loading from the following Gulf ports would be considered for inclusion in the assessments: Jubal, Jebel Ali, Mina Al Ahmadi, Quoin Island, Shuaiba, Ras Tanura, Ruwais, Mina Abdulla, Sohar, Bahrain, Fujairah, Ras Laffan, and any safe and sound port within this geographic area. The assessments would be normalized to loadings in several areas for all products.

  7. Southesk-Gottman Launches New Oil Products Price Assessments About Southesk Gottman Southesk-Gottman.com is a global brokerage service provider specializing in over-the-counter derivatives within the commodity markets. Southesk Gottman attracts and retains talented individuals from the world of trading and brokerage to provide a more bespoke, educated, and developed level of service. Southesk Gottman’s core front office team wields an impressive repertoire of 125 years combined commodity options trading experience. Our global presence allows us to provide exemplary service with execution offerings across a variety of markets. Southesk Gottman has developed an extensive network of the largest firms in the industry.

  8. Southesk-Gottman Launches New Oil Products Price Assessments https://www.southesk-gottman.com

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